For Sale · Land

29436 Range Road 54 A, Rural Mountain View County

29436 Range Road 54 A, Rural Mountain View County, AB T0M2E0

$449,900 total

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Asset Class

Land

Size

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Building class

B

Zoning

UR — Urban Reserve

$ / SF

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Occupancy

98%

Lot Size

8.03 ac

About this property

8.03 acres tucked into the beautiful Little Red Deer River Valley, just minutes west of Water Valley—one of the prettiest little communities within an hour of Calgary. Towering spruce, mature forest and plenty of new growth create a wonderfully private setting, with the Little Red Deer River within walking distance. It feels tucked away from everything while still being easy to get to. Being just minutes from Water Valley means you’re also close to the conveniences of the community, including two restaurants, the library, liquor store, hardware store and Community Hall. There is already a well on the property with a hand pump that, after sitting unused for years, still produced clear-looking, odorless water (water quality has not been tested). Power and natural gas is available at the property line, and two established firepit areas give you great spots to gather, relax and enjoy the trees. This would make a fantastic recreational getaway—bring the camper and start enjoying it right away—or explore the possibilities of putting down some roots and building a home surrounded by the forest. There are some gentle (and not so gentle) areas with a perfect slope for a walkout. This property is a very neat previous church camp with several older buildings from the camp tucked throughout the property, including three unique little A-frame cabins, a good-sized Quonset with a concrete floor, an old mess hall with a concrete floor and another charming old cabin. The buildings are older and some have been impacted by fallen trees and time, but many still have plenty of character and potential to be revitalized by someone handy. A beautiful piece of land with proven water, trees, privacy and room to make it your own. This is the kind of property you need to experience to really appreciate! Please do not enter the property without your favorite agent. (id:66811)

Financial sandbox

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Estimate
Purchase price$450K
Down payment30% · $135K
Interest rate6.25%
Amortization25 years
Occupancy98%
Expense growth2.5%

Monthly debt service

$2K

Projected NOI

$20K

Annual cash flow

$-5K

Cash-on-cash

-3.73%

DSCR

0.80

Going-in cap

4.42%

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

146,033

Households

60,589

Median income

$105,500

Median age

33

Daytime population

244,558

5-yr growth

3.7%

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

Secure deal room

Confidential diligence documents for 29436 Range Road 54 A, Rural Mountain View County.

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.