1/152865 Patterson Avenue, Armstrong
2865 Patterson Avenue, Armstrong, BC V0E1B0
$275,000 total
—
Asset Class
Land
Size
—
Building class
B
Zoning
UR — Urban Reserve
$ / SF
—
Occupancy
97%
Lot Size
0.17 ac
About this property
Some properties invite you to imagine a different future. This is your opportunity to create it. Just a two-minute walk from downtown Armstrong, this property puts shops, restaurants and established businesses within easy reach, with green space behind you and walking trails nearby. Look beyond the existing house, the land and location are the story here. Buy and hold while you shape your plans, or explore the opportunity to bring your development vision to life in a setting connected to the heart of the community. Currently zoned R1, with a Downtown Mixed Use designation identified in the new OCP, the property offers a starting point for exploring future redevelopment. Any change to C1 zoning and proposed development would require municipal approval. Bring your ideas, walk the neighbourhood, and picture what your next chapter could look like. The future starts with seeing the possibilities. (id:66811)
Financial sandbox
Adjust the deal assumptions — returns recalculate instantly.
Monthly debt service
$1K
Projected NOI
$15K
Annual cash flow
$-586
Cash-on-cash
-0.71%
DSCR
0.96
Going-in cap
5.33%
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
77,029
Households
33,449
Median income
$66,500
Median age
41.2
Daytime population
116,544
5-yr growth
9.1%
Modelled estimates for illustration until a licensed census data provider is connected.
Secure deal room
Confidential diligence documents for 2865 Patterson Avenue, Armstrong.
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.