1/113636 COLUMBIA VALLEY ROAD, Cultus Lake North, Cultus Lake
3636 COLUMBIA VALLEY ROAD, Cultus Lake North, Cultus Lake, BC V2R5A3
$3.2M total
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Asset Class
Land
Size
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Building class
A
Zoning
DC2 — Site Specific
$ / SF
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Occupancy
92%
Lot Size
1.15 ac
About this property
A rare development opportunity in the heart of Cultus Lake. This 6 strata lot subdivision is in its final stage of approval, offering developers & investors a near shovel-ready project in one of the Fraser Valley's most sought-after recreational destinations. Thoughtfully designed around a quiet cul-de-sac, this property delivers the perfect blend of privacy and lifestyle appeal w/ lots ranging in size from 6598-6738 sqft. Future Homeowners can enjoy nearby amenities including Cultus Lake Waterpark, Adventure Park Cultus, Golf Club, the local pub and restaurants, along with endless outdoor recreation year-round. With strong demand for housing in this vibrant lake community, this is a prime opportunity to secure a nearly approved subdivision in a high-growth, lifestyle-driven market. (id:66811)
Financial sandbox
Adjust the deal assumptions — returns recalculate instantly.
Monthly debt service
$15K
Projected NOI
$147K
Annual cash flow
$-30K
Cash-on-cash
-3.17%
DSCR
0.83
Going-in cap
4.59%
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
133,109
Households
49,079
Median income
$86,000
Median age
39.9
Daytime population
176,642
5-yr growth
8.4%
Modelled estimates for illustration until a licensed census data provider is connected.
Secure deal room
Confidential diligence documents for 3636 COLUMBIA VALLEY ROAD, Cultus Lake North, Cultus Lake.
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.