For Sale · Land

24302 Township Road 40-0, Rural Lacombe County

24302 Township Road 40-0, Rural Lacombe County, AB T4C0Y0

$195,000 total

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Asset Class

Land

Size

—

Building class

C

Zoning

UR — Urban Reserve

$ / SF

—

Occupancy

86%

Lot Size

1.57 ac

About this property

1.57 ACRE PROPERTY EAST OF BLACKFALDS ~ NATURAL GAS & POWER ON SITE ~ MATURE TREES ~ EXISTING FORMER SCHOOL/COMMUNITY HALL ~ Beautiful 1.57-acre country property located approximately 26 km east of Blackfalds at the intersection of Township Road 40-0 and Range Road 243 with pavement in all directions ~ Natural gas and power are already on site, making this an excellent opportunity to build your dream home with an attached garage or shop ~ Mature trees provide privacy and a peaceful country setting, with plenty of room to create your ideal property ~ Existing former school/community hall is a 1900's community hall and offers additional space for a hobby workshop, storage or other uses ~ DISCLOSURE: Existing building has older siding containing asbestos, If the building is removed or the siding is replaced/disposed of, the asbestos-containing material must be properly handled and disposed of, No water well or septic system currently exists on the property ~ Enjoy the quiet country setting while remaining within approximately 10 minutes of Alix, 20 minutes of Joffre, 20 minutes of Lacombe & Blackfalds and 40 minutes of Red Deer ~ Multiple lakes and golf courses are also within approximately 30 minutes, including Buffalo Lake, Alix Lake and Haunted Lakes ~ Immediate possession available. (id:66811)

Financial sandbox

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Estimate
Purchase price$195K
Down payment30% · $59K
Interest rate6.25%
Amortization25 years
Occupancy86%
Expense growth2.5%

Monthly debt service

$900

Projected NOI

$9K

Annual cash flow

$-1K

Cash-on-cash

-2.49%

DSCR

0.87

Going-in cap

4.80%

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

80,074

Households

28,150

Median income

$88,000

Median age

42.5

Daytime population

122,120

5-yr growth

3.9%

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

Secure deal room

Confidential diligence documents for 24302 Township Road 40-0, Rural Lacombe County.

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.