For Sale · Land

6 GRANDVIEW DRIVE, Corman Park Rm No. 344

6 GRANDVIEW DRIVE, Corman Park Rm No. 344, SK S7P1A1

$499,900 total

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Asset Class

Land

Size

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Building class

B

Zoning

UR — Urban Reserve

$ / SF

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Occupancy

98%

Lot Size

3.87 ac

About this property

WELCOME TO 6 GRANDVIEW DRIVE AT PROMINENCE POINTE LTD. THIS RIVER FRONT 3.87 ACRE PARCEL IS LOCATED IN THE R.M. OF CORMAN PARK, THIS FULLY SERVICED LOT IS JUST A SHORT DRIVE FROM SASKATOON VIA PAVED ROADS. THIS IS THE PERFECT LOCATION FOR THAT PERSON WHO IS SEEKING A WONDERFUL PARCEL OF LAND TO BUILD THEIR FOREVER HOME. THIS LOT WILL PROVIDE YOU WITH THE QUIETNESS OF COUNTRY LIVING, WHILE ONLY BEING A FEW SHORT MINUTES FROM THE CITY. A PRIME LOCATION! PLEASE REACH OUT WITH ANY QUESTIONS (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$500K
Down payment30% · $150K
Interest rate6.25%
Amortization25 years
Occupancy98%
Expense growth2.5%

Monthly debt service

$2K

Projected NOI

$26K

Annual cash flow

$-2K

Cash-on-cash

-1.23%

DSCR

0.93

Going-in cap

5.17%

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

131,834

Households

51,740

Median income

$100,000

Median age

44.2

Daytime population

129,935

5-yr growth

5.8%

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

Secure deal room

Confidential diligence documents for 6 GRANDVIEW DRIVE, Corman Park Rm No. 344.

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.