For Sale · Land

75, 28163 Township Road 374, Rural Red Deer County

75, 28163 Township Road 374, Rural Red Deer County, AB T4E2E1

$259,900 total

—

Asset Class

Land

Size

—

Building class

A

Zoning

AG — Agricultural

$ / SF

—

Occupancy

98%

Lot Size

2.74 ac

About this property

Only minutes West of Red Deer all on pavement- the new acreage subdivision Mintlaw Bridge Estates. A small enclave of 17 estate style country residential lots to choose from. Choose your own builder (or build it yourself)! Electric and gas lines are right to your property line. The well on this lot shows approx 4 gallons per minute. Septic is buyer's responsibility. Prices are plus GST. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$260K
Down payment30% · $78K
Interest rate6.25%
Amortization25 years
Occupancy98%
Expense growth2.5%

Monthly debt service

$1K

Projected NOI

$14K

Annual cash flow

$-728

Cash-on-cash

-0.93%

DSCR

0.95

Going-in cap

5.26%

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

88,175

Households

31,625

Median income

$63,000

Median age

38.9

Daytime population

131,182

5-yr growth

0.8%

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

Secure deal room

Confidential diligence documents for 75, 28163 Township Road 374, Rural Red Deer County.

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.