For Sale · Land

42 713019 Range Road 71, Rural Grande Prairie No. 1, County of

42 713019 Range Road 71, Rural Grande Prairie No. 1, County of, AB T8W5E9

$194,900 total

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Asset Class

Land

Size

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Building class

A

Zoning

UR — Urban Reserve

$ / SF

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Occupancy

83%

Lot Size

2.52 ac

About this property

Only 4 lots left! This is an exceptional opportunity to build your dream home on a beautiful acreage just 5 minutes west of Grande Prairie. The rolling terrain of the land provides added character, lots are all in grass and ready to mow, and offer potential for walkout basements. The lots are zoned CR-3, which allows for a variety of residential uses and restrictive covenants will keep the subdivision looking great for years to come. This is the perfect scenario for those looking to build a new home with more space and privacy. Properties are fully fenced and power and gas are to the property line, making these ready for immediate development. But that's not all, these acreages offer breathtaking views of the Grande Prairie skyline, the majestic Rocky Mountains and miles of picturesque farmland. Imagine waking up to the beautiful scenery every morning and enjoying the stunning views from your own backyard. This subdivision is truly one of a kind and offers the perfect combination of peaceful rural living with the convenience of being close to all the city amenities. Come have a look today and take the first step towards owning your piece of paradise. Contact your realtor for more details. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$195K
Down payment30% · $58K
Interest rate6.25%
Amortization25 years
Occupancy83%
Expense growth2.5%

Monthly debt service

$900

Projected NOI

$9K

Annual cash flow

$-2K

Cash-on-cash

-2.94%

DSCR

0.84

Going-in cap

4.66%

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

48,397

Households

21,409

Median income

$96,500

Median age

31.8

Daytime population

47,296

5-yr growth

8.9%

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

Secure deal room

Confidential diligence documents for 42 713019 Range Road 71, Rural Grande Prairie No. 1, County of.

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.