For Sale · Land

1562 EAGLECLIFF ROAD, Bowen Island

1562 EAGLECLIFF ROAD, Bowen Island, BC V0N1G1

$550,000 total

—

Asset Class

Land

Size

—

Building class

B

Zoning

DC2 — Site Specific

$ / SF

—

Occupancy

95%

Lot Size

0.43 ac

About this property

This sunny 0.43 acre building lot in Eaglecliff features views looking out to Howe Sound and the North Shore Mountains. Septic field already installed. Close to the trail to hidden-away Baker Beach, and directly on the bus route. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$550K
Down payment30% · $165K
Interest rate6.25%
Amortization25 years
Occupancy95%
Expense growth2.5%

Monthly debt service

$3K

Projected NOI

$26K

Annual cash flow

$-4K

Cash-on-cash

-2.68%

DSCR

0.85

Going-in cap

4.74%

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

141,588

Households

53,198

Median income

$119,500

Median age

38.1

Daytime population

195,791

5-yr growth

4.5%

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

Secure deal room

Confidential diligence documents for 1562 EAGLECLIFF ROAD, Bowen Island.

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.