For Sale · Specialty

5478 93/95 Highway Unit# 3, Fairmont Hot Springs

5478 93/95 Highway Unit# 3, Fairmont Hot Springs, BC V0B1L2

$288,800 total

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Asset Class

Specialty

Size

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Building class

C

Zoning

US — Urban Services

$ / SF

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Occupancy

84%

Year Built

2021

Lot Size

0.13 ac

About this property

A RARE OPPORTUNITY IN A GATED 4-SEASON COMMUNITY! Welcome to your Columbia Valley retreat! Situated on one of the larger titled lots in the community at approx 5555 sq.ft., this beautifully maintained 2020 Moduline Park Model offers the perfect combo of comfort, convenience & low-maintenance living. With year-round access & just minutes from golf courses, skiing, lakes, & hot springs, this property is ideally positioned to enjoy everything the Valley has to offer. This 1-owner home features 536 sq.ft. of thoughtfully designed living space, including an open-concept kitchen & spacious dining/living area with vaulted ceilings. The kitchen is equipped with Whirlpool appliances, including a propane stove, fridge & dishwasher. The bedroom offers built-in nightstands & dresser and the bathroom includes a tub/shower combo + ample storage. An LG all-in-one washer/dryer adds everyday convenience. Enjoy outdoor living on the treated 12'x32' deck with privacy rails, relax under the gazebo, and appreciate the added value of custom insulated skirting, eavestroughs, a storage shed, paved driveway & ample parking. The landscaped yard is enhanced by eight dwarf blue spruce trees, creating a private and welcoming outdoor space. The low yearly strata fees of $1295.98 include property taxes, water, sewer, garbage collection & road maintenance. A fantastic opportunity to enjoy year-round access to outdoor recreation at a price point that remains increasingly difficult to find in today’s market! (id:66811)

Financial sandbox

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Estimate
Purchase price$289K
Down payment30% · $87K
Interest rate6.25%
Amortization25 years
Occupancy84%
Expense growth2.5%

Monthly debt service

$1K

Projected NOI

$16K

Annual cash flow

$-75

Cash-on-cash

-0.09%

DSCR

1.00

Going-in cap

5.52%

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

116,707

Households

42,914

Median income

$130,000

Median age

37.1

Daytime population

124,893

5-yr growth

7%

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

Secure deal room

Confidential diligence documents for 5478 93/95 Highway Unit# 3, Fairmont Hot Springs.

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.