For Sale · Land

Fenning/Kulman Acreage/Farm, Edenwold Rm No.158

Fenning/Kulman Acreage/Farm, Edenwold Rm No.158, SK S0G0E0

$1.7M total

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Asset Class

Land

Size

—

Building class

B

Zoning

DC2 — Site Specific

$ / SF

—

Occupancy

96%

Year Built

2018

Lot Size

159.73 ac

About this property

Exceptional opportunity for an acreage within 20 minutes from Regina. Situated on a quarter section of land, this country residential parcel sits conveniently between Balgonie and Pilot Butte and close proximity to the City of Regina. Approximately 143 cultivated acres, fairly flat, some sloughs. The spacious 1930 sq/ft bungalow is situated on approximately 13 acres. This RTM home was manufactured in 2018 and features a spacious entrance, open concept dining room, kitchen and living room with a feature natural gas fireplace and vinyl plank flooring. Tons of counter space including a large centre island, gas range stove and walk through pantry. The primary bedroom is a great retreat with an oversized "L" shaped walk in closet and full ensuite. The 2 spare bedrooms are equal size and have tons of room. The laundry and mud room area is off the direct entry to the triple attached garage. Bonus 2 piece bathroom and additional laundry room in the garage. The garage is approximately 46 x 30 and heated and insulated. House is on a crawl space with an ICF foundation. High efficient natural gas furnace, on demand water heater, water softener and HRV. Pole shed measures approximately 54 x 90 with a gravel/dirt floor. The bi-fold door is 30 x 18 (height). The town of Balgonie is 11 kilometres away with school bus pick up. Pilot Butte is approximately 13km. Seller would consider renting back the cultivated acres from the new purchaser. Call today for more information. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$1.69M
Down payment30% · $507K
Interest rate6.25%
Amortization25 years
Occupancy96%
Expense growth2.5%

Monthly debt service

$8K

Projected NOI

$65K

Annual cash flow

$-28K

Cash-on-cash

-5.62%

DSCR

0.70

Going-in cap

3.86%

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

70,028

Households

28,922

Median income

$77,500

Median age

42.4

Daytime population

102,808

5-yr growth

6.5%

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

Secure deal room

Confidential diligence documents for Fenning/Kulman Acreage/Farm, Edenwold Rm No.158.

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.