1/516 Canyon Creek Drive SW, Medicine Hat
16 Canyon Creek Drive SW, Medicine Hat, AB T1B0B2
$125,000 total
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Asset Class
Land
Size
—
Building class
A
Zoning
DC2 — Site Specific
$ / SF
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Occupancy
85%
Lot Size
0.3965564738292011 ac
About this property
WELL BELOW ASSESSED VALUE!! This is a great opportunity to purchase a large vacant residential lot in the desirable Canyon Creek neighbourhood of Medicine Hat. Located at 16 Canyon Creek Drive SW, this property offers plenty of space to build (close to .40 acre/17200+ sq ft) and is ready for immediate development. Situated in an upscale area surrounded by quality homes, this lot provides a quiet setting. Looking to build a custom home, this is a solid opportunity in a well-established community. Property is being sold as is, where is on the date of possession. (id:66811)
Financial sandbox
Adjust the deal assumptions — returns recalculate instantly.
Monthly debt service
$577
Projected NOI
$5K
Annual cash flow
$-2K
Cash-on-cash
-5.98%
DSCR
0.68
Going-in cap
3.75%
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
79,664
Households
34,677
Median income
$130,500
Median age
37.7
Daytime population
86,988
5-yr growth
3.8%
Modelled estimates for illustration until a licensed census data provider is connected.
Secure deal room
Confidential diligence documents for 16 Canyon Creek Drive SW, Medicine Hat.
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.