1/18LOT 2 Artela Dr, Fanny Bay
LOT 2 Artela Dr, Fanny Bay, BC V0R1W0
$699,000 total
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Asset Class
Land
Size
—
Building class
A
Zoning
DC2 — Site Specific
$ / SF
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Occupancy
91%
Lot Size
4.95 ac
About this property
Located in a quiet, rural area of Fanny Bay, this 4.95 acre lot awaits your ideas to build your dream home. Zoned CR-1, this gently sloping lot offers the opportunity to build two homes, including a Bed and Breakfast or Carriage House, plus outbuildings. Community Water Service with standpipe on lot, plus other utilities readily available. This is ideal for extended families to enjoy some elbow room while sharing some common areas for gardens, hobbies, RV and equipment storage. There may be potential for oceans views with a two storey build. Your location is ideal, near Buckley Bay Ferry for some Island adventures. 25 minutes to Courtenay, 35 minutes to Comox Airport and about one hour drive to the Nanaimo Ferry Terminal for those Vancouver get aways. Also, golf courses, marina and Mt Washington Ski Resort close by. (id:66811)
Financial sandbox
Adjust the deal assumptions — returns recalculate instantly.
Monthly debt service
$3K
Projected NOI
$31K
Annual cash flow
$-8K
Cash-on-cash
-3.92%
DSCR
0.79
Going-in cap
4.36%
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
105,395
Households
49,856
Median income
$134,500
Median age
38.9
Daytime population
167,583
5-yr growth
7.3%
Modelled estimates for illustration until a licensed census data provider is connected.
Secure deal room
Confidential diligence documents for LOT 2 Artela Dr, Fanny Bay.
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.