For Sale · Land

LOT 28 5314 HEADLANDS HEIGHTS, Prince George

LOT 28 5314 HEADLANDS HEIGHTS, Prince George, BC V2N0K6

$339,900 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

86%

Lot Size

0.47987855831037646 ac

About this property

This is the absolute best lot in the prestigious Headlands subdivision. It is almost a half acre and is perfectly flat sitting at the top of a ridge with green space behind it. While not technically part of this lot, there is a nice big approx. 1 acre area behind the lot that then drops on 3 sides in to a ravine which would only be accessible by the owners of this lot. Any 2 story home should have lovely Eastern views of the city. Surrounding homes are some of the highest priced in the city meaning this lot is primed for a top caliber executive home. Owner will sell lot as is or built to suit. House in picture could be built in the 1.6 million range. GST and design deposits have been paid and are included in price (id:66811)

Financial sandbox

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Estimate
Purchase price$340K
Down payment30% · $102K
Interest rate6.25%
Amortization25 years
Occupancy86%
Expense growth2.5%

Monthly debt service

$2K

Projected NOI

$12K

Annual cash flow

$-7K

Cash-on-cash

-7.14%

DSCR

0.61

Going-in cap

3.40%

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

144,398

Households

53,047

Median income

$81,500

Median age

45.6

Daytime population

138,448

5-yr growth

0.8%

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

Secure deal room

Confidential diligence documents for LOT 28 5314 HEADLANDS HEIGHTS, Prince George.

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.