For Sale · Specialty

2698 Blind Bay Road Lot# G37, Blind Bay

2698 Blind Bay Road Lot# G37, Blind Bay, BC V0E1H1

$186,900 total

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Asset Class

Specialty

Size

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Building class

B

Zoning

US — Urban Services

$ / SF

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Occupancy

99%

Lot Size

0.06 ac

About this property

Welcome to Copper Landing, a gated lakeside community offering a recreational RV-ready lot in desirable Section G in Blind Bay. This shared ownership lot is ready for your RV with everything set up ready to go including a flat concrete area, detached shed, nicely treed sides for privacy. Includes water, hydro, & septic hookups & is part of a well-managed strata, providing a relaxed, resort-style lifestyle. Zoned recreational (CDC4), this property allows for seasonal use up to 182 days per year, making it the perfect getaway to enjoy the summer months. (Year round access but cannot live year round). Copper Landing offers exceptional amenities including waterfront access with a beach & dock, outdoor pool, gym, laundry facilities, outdoor gathering spaces, and golf cart-friendly access throughout the gated community. Boat slips may be available on a first-come, first-served basis. An excellent opportunity to own a low-maintenance recreational property in a vibrant, amenity-rich lakeside community. Enjoy an unbeatable location within walking distance to the grocery store, waterfront dining, beaches, parks, and trails, and just minutes from world-class golf. (id:66811)

Financial sandbox

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Estimate
Purchase price$187K
Down payment30% · $56K
Interest rate6.25%
Amortization25 years
Occupancy99%
Expense growth2.5%

Monthly debt service

$863

Projected NOI

$15K

Annual cash flow

$5K

Cash-on-cash

8.41%

DSCR

1.46

Going-in cap

8.06%

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

122,563

Households

57,012

Median income

$108,500

Median age

33.6

Daytime population

191,744

5-yr growth

7.1%

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

Secure deal room

Confidential diligence documents for 2698 Blind Bay Road Lot# G37, Blind Bay.

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.