For Sale · Specialty

5423 Boomerang Way Unit# 35, Fernie

5423 Boomerang Way Unit# 35, Fernie, BC V0B1M6

$609,900 total

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Asset Class

Specialty

Size

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Building class

A

Zoning

DC2 — Site Specific

$ / SF

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Occupancy

98%

Year Built

1998

About this property

Welcome to Stone Creek! This gorgeous 2-bedroom, 2-bathroom corner suite offers a desirable combination of comfort, privacy and mountain lifestyle. Immaculately maintained, the unit offers a brand new hot water heater, updated appliances, furniture, in-suite laundry and a natural gas fireplace. The property is being offered fully furnished, making it an easy turnkey option for a mountain getaway, investment property or full-time residence. Enjoy the covered deck and peaceful private backyard setting, with mature coniferous trees providing a beautiful natural backdrop. Additional features include a private hot tub and bonus exterior storage locker for all your outdoor gear. Located in the desirable Stone Creek development, short-term rentals are permitted with no restrictions, providing excellent flexibility for owners. The suite is currently available for immediate occupancy and is not committed to a winter rental, offering the opportunity to enjoy the upcoming ski season yourself or take advantage of the rental market. A wonderful opportunity to own a well-appointed corner suite in one of Fernie's sought-after mountain communities. 'Fernie - Where Your Next Adventure Begins!' (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$610K
Down payment30% · $183K
Interest rate6.25%
Amortization25 years
Occupancy98%
Expense growth2.5%

Monthly debt service

$3K

Projected NOI

$48K

Annual cash flow

$14K

Cash-on-cash

7.60%

DSCR

1.41

Going-in cap

7.82%

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

110,020

Households

39,178

Median income

$71,000

Median age

42.1

Daytime population

172,121

5-yr growth

1.1%

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

Secure deal room

Confidential diligence documents for 5423 Boomerang Way Unit# 35, Fernie.

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.