For Sale · Land

837 Park Drive, Golden

837 Park Drive, Golden, BC V0A1H0

$2.8M total

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Asset Class

Land

Size

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Building class

A

Zoning

AG — Agricultural

$ / SF

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Occupancy

97%

Lot Size

0.55 ac

About this property

An exceptional development opportunity in one of Golden’s most strategic and high-visibility locations. This .553 acre commercially zoned parcel is ideally situated directly across from the Golden & District Hospital and adjacent to the community medical clinic, offering unmatched exposure, traffic, and long-term demand drivers. The property is fully rezoned to be mixed use and comes with an issued Development Permit for a four-storey mixed-use building, allowing for approximately 10,000 sq.ft of ground-floor commercial space with three residential levels above comprising 24 condominium units for a total of 31,800 Sqft of residential area. Municipal services are available, and the site offers excellent access, visibility, and walkability. This location is ideally suited for a wide range of commercial and mixed-use applications, including medical offices, professional services, seniors-oriented housing, multi-family residential, hospitality, or long-term rental development. Hospital-adjacent development sites of this scale are rare in Golden and offer enduring value regardless of market cycles. The existing Development Permit provides a strong starting point and significantly reduces entitlement risk and timelines; however, purchasers are not obligated to proceed with the current design and may explore alternative concepts within the zoning framework. A rare opportunity to secure a shovel-ready commercial/residential development site in a prime location. (id:66811)

Financial sandbox

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Estimate
Purchase price$2.75M
Down payment30% · $825K
Interest rate6.25%
Amortization25 years
Occupancy97%
Expense growth2.5%

Monthly debt service

$13K

Projected NOI

$114K

Annual cash flow

$-39K

Cash-on-cash

-4.70%

DSCR

0.75

Going-in cap

4.13%

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

95,965

Households

43,684

Median income

$118,000

Median age

34.2

Daytime population

91,346

5-yr growth

0.9%

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

Secure deal room

Confidential diligence documents for 837 Park Drive, Golden.

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.