For Sale · Specialty

Spruce Grove

Spruce Grove, AB T7Y1B4

$1.4M total

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Asset Class

Specialty

Size

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Building class

C

Zoning

US — Urban Services

$ / SF

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Occupancy

84%

Year Built

1967

Lot Size

5.002236000918273 ac

About this property

Rare opportunity to acquire an established, profitable private dog park business with an exceptional 5-acre live/work property just 5 minutes from Edmonton. NOT in a subdivision. Laneway Getaway serves Edmonton and surrounding communities and features two private dog parks (approx. 1 & 2 acres) with extensive fencing, shelters, agility equipment and covered seating. The meticulously maintained 1,874 sq. ft. bungalow offers 4 bedrooms, 3 bathrooms, renovated kitchen and baths, new luxury vinyl plank flooring, sunroom, fireplace and finished walk-out basement. Additional workspace includes a 30’ x 42’ radiant-heated shop with 220V power, expanded triple garage and improved Quonset. Also includes a fenced residential yard, deck, playground and Arctic Spa hot tub. Ideal for an entrepreneur, dog trainer, pet-service operator or anyone else seeking an established income-producing business and residence. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$1.45M
Down payment30% · $435K
Interest rate6.25%
Amortization25 years
Occupancy84%
Expense growth2.5%

Monthly debt service

$7K

Projected NOI

$90K

Annual cash flow

$10K

Cash-on-cash

2.30%

DSCR

1.12

Going-in cap

6.23%

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

143,326

Households

64,875

Median income

$110,000

Median age

31.6

Daytime population

130,759

5-yr growth

6.1%

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

Secure deal room

Confidential diligence documents for Spruce Grove.

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.