For Sale · Land

224 Alder St, Ucluelet

224 Alder St, Ucluelet, BC V0R3A0

$395,000 total

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Asset Class

Land

Size

—

Building class

C

Zoning

AG — Agricultural

$ / SF

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Occupancy

85%

Lot Size

0.21694214876033058 ac

About this property

Build your West Coast home at 224 Alder Street, a recently cleared lot in a well-established Ucluelet family neighbourhood. Located just two blocks from the local schools, this is an ideal setting for families looking to put down roots. Alder Park is just down the street, offering beautiful harbour views, picnic tables and a convenient kayak launch for easy access to the water. Zoned Single Family Residential, the property offers flexibility with permitted secondary uses including bed and breakfast accommodation (nightly rentals), home occupation and long-term secondary suites. Walk to Ucluelet’s shops, restaurants, and everyday amenities, or take a short drive to Long Beach and Pacific Rim National Park Reserve. A great opportunity to design and build your own home in the heart of Ucluelet. (id:66811)

Financial sandbox

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Estimate
Purchase price$395K
Down payment30% · $119K
Interest rate6.25%
Amortization25 years
Occupancy85%
Expense growth2.5%

Monthly debt service

$2K

Projected NOI

$14K

Annual cash flow

$-8K

Cash-on-cash

-6.70%

DSCR

0.64

Going-in cap

3.53%

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

98,502

Households

38,553

Median income

$126,000

Median age

37.1

Daytime population

88,825

5-yr growth

1.6%

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

Secure deal room

Confidential diligence documents for 224 Alder St, Ucluelet.

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.