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