For Sale · Land

48177 RGE RD 274, Calmar

48177 RGE RD 274, Calmar, AB T0C0V0

$1.4M total

—

Asset Class

Land

Size

—

Building class

A

Zoning

UR — Urban Reserve

$ / SF

—

Occupancy

93%

Lot Size

120 ac

About this property

This 120 acre property Hosts a 2334 sq/ft home, 60'x27' Heated Garage, 70'x32' Barn, and a Hall. Head inside the Bungalow Home with composite siding, metal roof, air conditioning, and a partial wrap around deck to be greeted by the foyer leading to the open kitchen and dining with a wood fireplace. The Living room has lots of windows for natural light and takes you to the first bedroom with its own 3 piece ensuite bathroom. The Primary bedroom has its own walk-in closet room with a jet tub, and is next to the other 3 piece bathroom of the home. The den and office are located centrally and could also be used as bedrooms if desired. The Huge garage is separated into two parts with radiant heaters in each side, power, concrete floor, and two overhead doors on each end. The Barn has a metal roof, power, concrete floor, and new windows. There are many other outbuildings on this beautiful property including a huge hall! Close to Wizard Lake, this 120 acre property has lots to offer! (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$1.35M
Down payment30% · $405K
Interest rate6.25%
Amortization25 years
Occupancy93%
Expense growth2.5%

Monthly debt service

$6K

Projected NOI

$60K

Annual cash flow

$-14K

Cash-on-cash

-3.54%

DSCR

0.81

Going-in cap

4.48%

Figures are modelled from the listed price and asset class for illustration only. Verify all income, expenses, and financing terms independently before making an offer.

Area demographics

Trade area within 3 miles of the property.

Population

64,210

Households

25,322

Median income

$118,500

Median age

35.1

Daytime population

80,935

5-yr growth

6.7%

Modelled estimates for illustration until a licensed census data provider is connected.

Secure deal room

Confidential diligence documents for 48177 RGE RD 274, Calmar.

NDA required
  • Offering Memorandum

    PDF · 4.2 MB

  • Rent Roll & T-12

    XLSX · 820 KB

  • Environmental Phase I

    PDF · 6.7 MB

  • Site Survey & Plans

    PDF · 11.4 MB

  • Zoning Confirmation Letter

    PDF · 310 KB

Preview experience — the electronic NDA is illustrative and is not a binding agreement.