For Sale · Land

400 Railway AVENUE E, Outlook

400 Railway AVENUE E, Outlook, SK S0L2N0

$105,600 total

0 SF

Asset Class

Land

Size

0 SF

Building class

C

Zoning

DC2 — Site Specific

$ / SF

—

Occupancy

90%

Lot Size

0.39 ac

About this property

COMMERCIAL MIXED USE DEVELOPMENT OPPORTUNITY IN OUTLOOK! This property offers flexible zoning with a variety of permitted uses, including the opportunity to develop an apartment building. Whether you are looking to grow your business, invest in a multi-unit residential project, or pursue another commercial venture, this lot offers exciting potential in a growing Saskatchewan community. These properties are also eligible for development incentives through the Town of Outlook - please inquire for additional information. Outlook is a scenic and growing community situated along the South Saskatchewan River, offering full amenities, schools, recreation, shopping, healthcare and an expanding commercial sector. With continued development and new businesses coming to the community, this is an excellent location to invest and be part of Outlook's future growth. The Railyard Subdivision lots are already serviced with SaskPower, SaskEnergy and telecommunications located at the rear of the properties. SaskPower has indicated that developers may be eligible for a rebate related to servicing their lot(s). The purchaser will be responsible for installing water and sewer services to the mains located on Railway Avenue. With Commercial Mixed Use zoning, development incentives, nearby utilities and the flexibility for both commercial and multi-unit residential development, this is a great opportunity to secure land in a community with room to grow. Bring your plans to Outlook and explore the possibilities! (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$106K
Down payment30% · $32K
Interest rate6.25%
Amortization25 years
Occupancy90%
Expense growth2.5%

Monthly debt service

$488

Projected NOI

$4K

Annual cash flow

$-2K

Cash-on-cash

-5.10%

DSCR

0.72

Going-in cap

4.01%

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

47,879

Households

21,737

Median income

$105,500

Median age

32.3

Daytime population

53,344

5-yr growth

6.5%

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

Secure deal room

Confidential diligence documents for 400 Railway AVENUE E, Outlook.

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.