For Sale · Land

205 Edward Street Lot# 61, Balfour

205 Edward Street Lot# 61, Balfour, BC V0G1C0

$139,000 total

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Asset Class

Land

Size

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Building class

A

Zoning

AG — Agricultural

$ / SF

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Occupancy

93%

Lot Size

0.07 ac

About this property

PREMIUM BELLA VISTA RETREAT WITH STUNNING KOOTENAY VIEWS! Elevate your lifestyle on Lot 61, an oversized 3,260 sq. ft. view lot bordering the Balfour Golf Course in Phase 3 of Queens Bay Resort. Wake up to breathtaking, panoramic views of Kootenay Lake and the surrounding Purcell Mountains. This premium parcel is ready for your stick-built, manufactured, park model, or tiny home on wheels. Underground power, water, and common sewer are at the lot line—ready for connection with your private, on-site 2-stage septic tank and pump. Enjoy up to 3 years of temporary RV usage on-site from water/sewer connection! Stroll to the common beach, or enjoy nearby golf, pickleball, tennis, disc golf, and the relaxing Ainsworth Hot Springs. Inquire about our flexible developer financing options! This is a share sale. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$139K
Down payment30% · $42K
Interest rate6.25%
Amortization25 years
Occupancy93%
Expense growth2.5%

Monthly debt service

$642

Projected NOI

$8K

Annual cash flow

$-54

Cash-on-cash

-0.13%

DSCR

0.99

Going-in cap

5.50%

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

45,295

Households

17,092

Median income

$85,000

Median age

43.8

Daytime population

65,533

5-yr growth

5.1%

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

Secure deal room

Confidential diligence documents for 205 Edward Street Lot# 61, Balfour.

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.