


































































1/682705 75th Avenue, Grand Forks, BC V0H1H2
$2.2M total
—
Asset Class
Land
Size
—
Building class
C
Zoning
AG — Agricultural
$ / SF
—
Occupancy
97%
Year Built
2019
Lot Size
32.31 ac
All the set up work is done on this 32 acre property First year of full production on 25 acres an estimated 40-50 bins per acre is a realistic estimate for this year Let's calculate the basic numbers to develop a property like this Could be a turn key operation > many spots to build a residence .Number may vary from property to property Historically raw agricultural flat and all usable is been selling for $50,000.00 + an Acre x 32 Acres .Develop water wells and drip irrigation for 29 acres and install underground service lines roughly $100,000.00 .Add approximately 12000 poles and wire on 28 acres to support the apple trees $130,000.00 Add 55000 Apple trees @$3.00 is $165000.00 . Equipment shed /workshop/Workers Quarters add $100,000.00. Haven't mentioned the fencing around the property ,machinery available to run the property or the bonus 1+ acres in ground crops and 3 acres with infrastructure waiting to be planted Four years to bring this property it production priceless Come and take a look ,reap the benefits of all the Hard work to bring this property to were it is Harvest is coming up quickly negotiate a deal to include the crop Check out the 2 Videos (id:66811)
Adjust the deal assumptions — returns recalculate instantly.
Monthly debt service
$10K
Projected NOI
$113K
Annual cash flow
$-9K
Cash-on-cash
-1.29%
DSCR
0.93
Going-in cap
5.15%
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.
Trade area within 3 miles of the property.
Population
102,935
Households
47,557
Median income
$87,000
Median age
44.4
Daytime population
97,561
5-yr growth
8.4%
Modelled estimates for illustration until a licensed census data provider is connected.
Confidential diligence documents for 2705 75th Avenue, Grand Forks.
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.