For Sale · Land

1915 Wallace Wood Way, Qualicum Beach

1915 Wallace Wood Way, Qualicum Beach, BC V9K2S3

$349,000 total

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Asset Class

Land

Size

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Building class

B

Zoning

AG — Agricultural

$ / SF

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Occupancy

82%

Lot Size

9.98 ac

About this property

Panoramic ocean and mountain views! This is a great opportunity to purchase almost 10 acres just a 20 minute drive north of Qualicum Beach. Septic system, well, and access to 2 potential building sites have been installed. This property offers spectacular views of the ocean and Coastal Mountain Range from Comox in the north to Mount Baker in the south! Located in Little Qualicum River Village with unlimited hiking trails and mother nature at your doorstep including a lake great for an afternoon dip on a hot summer afternoon only a 10 minute walk away. Priced to sell at less than a recent appraisal value. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$349K
Down payment30% · $105K
Interest rate6.25%
Amortization25 years
Occupancy82%
Expense growth2.5%

Monthly debt service

$2K

Projected NOI

$17K

Annual cash flow

$-3K

Cash-on-cash

-2.59%

DSCR

0.86

Going-in cap

4.76%

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

91,184

Households

33,567

Median income

$119,500

Median age

31.6

Daytime population

78,479

5-yr growth

4.9%

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

Secure deal room

Confidential diligence documents for 1915 Wallace Wood Way, Qualicum Beach.

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.