For Sale · Specialty

904 Riverside Avenue Lot# 11, Sicamous

904 Riverside Avenue Lot# 11, Sicamous, BC V0E2V1

$489,900 total

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Asset Class

Specialty

Size

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Building class

B

Zoning

DC2 — Site Specific

$ / SF

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Occupancy

87%

Lot Size

0.05 ac

About this property

Welcome to Channelside Landing, where the Shuswap Life Style is right at your doorstep! This unique waterfront community in Sicamous offers an incredible opportunity to create your own year-round retreat or recreational getaway. Enjoy direct access to the water, with boat slips that may be available through the developer on a first come, first served basis until 2031 making it easy to spend your days boating, fishing and exploring the Shuswap. With bare lots available and RV's welcome, you have the flexibility to enjoy the property now while planning for the future. Looking for something more permanent? Explore the option of adding a beautiful park model from KYLLO HOMES and creating your dream four season home on the Lake. Located close to everything Sicamous has to offer, Channelside Landing combines the freedom of recreational living with the convenience of being right in the heart of Sicamous to enjoy shopping, restaurants, Rail Trail and everyday amenities. Whether you're looking for a summer escape, a year-round residence, or a place to bring the RV and start making memories, Channelside Landing offers the best way to enjoy the Shuswap lifestyle. (id:66811)

Financial sandbox

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Estimate
Purchase price$490K
Down payment30% · $147K
Interest rate6.25%
Amortization25 years
Occupancy87%
Expense growth2.5%

Monthly debt service

$2K

Projected NOI

$27K

Annual cash flow

$17

Cash-on-cash

0.01%

DSCR

1.00

Going-in cap

5.54%

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

130,769

Households

53,749

Median income

$105,500

Median age

31.5

Daytime population

145,352

5-yr growth

1.7%

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

Secure deal room

Confidential diligence documents for 904 Riverside Avenue Lot# 11, Sicamous.

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.