For Sale · Specialty

5355 Trepanier Bench Road, Peachland

5355 Trepanier Bench Road, Peachland, BC V0H1X2

$3.9M total

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Asset Class

Specialty

Size

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Building class

C

Zoning

US — Urban Services

$ / SF

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Occupancy

89%

Year Built

1985

Lot Size

12.35 ac

About this property

FOR SALE BY COURT ORDER - Presenting a unique development opportunity in Peachland. Currently improved with a vineyard and 1985 built winery structure, this 12 acre lot is NOT IN THE ALR and ripe for rezoning to residential. With sweeping views of Okanagan Lake, approximately 5 acres of this lot is flat and perfect for building. The remaining 7 acres is gently sloped towards the lake and perfect for a residential subdivision that maximizes the property's spectacular views. The property currently has city sewer and water at the lot line. A unique opportunity to either fully develop, are partly develop a one-of-a-kind vineyard estate community with the existing vineyard. All offers are due by October 19th at 5 PM. All offers are subject to the approval of the Supreme Court of BC. (id:66811)

Financial sandbox

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Estimate
Purchase price$3.88M
Down payment30% · $1.16M
Interest rate6.25%
Amortization25 years
Occupancy89%
Expense growth2.5%

Monthly debt service

$18K

Projected NOI

$232K

Annual cash flow

$17K

Cash-on-cash

1.45%

DSCR

1.08

Going-in cap

5.97%

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

50,911

Households

17,616

Median income

$127,500

Median age

37.6

Daytime population

77,214

5-yr growth

1.2%

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

Secure deal room

Confidential diligence documents for 5355 Trepanier Bench Road, Peachland.

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.