178118 229 Street W, Rural Foothills County178118 229 Street W, Rural Foothills County — photo 2178118 229 Street W, Rural Foothills County — photo 3178118 229 Street W, Rural Foothills County — photo 4178118 229 Street W, Rural Foothills County — photo 5178118 229 Street W, Rural Foothills County — photo 6178118 229 Street W, Rural Foothills County — photo 7178118 229 Street W, Rural Foothills County — photo 8178118 229 Street W, Rural Foothills County — photo 9178118 229 Street W, Rural Foothills County — photo 10178118 229 Street W, Rural Foothills County — photo 11178118 229 Street W, Rural Foothills County — photo 12178118 229 Street W, Rural Foothills County — photo 13178118 229 Street W, Rural Foothills County — photo 14178118 229 Street W, Rural Foothills County — photo 15178118 229 Street W, Rural Foothills County — photo 16178118 229 Street W, Rural Foothills County — photo 17178118 229 Street W, Rural Foothills County — photo 18
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For Sale · Land

178118 229 Street W, Rural Foothills County

178118 229 Street W, Rural Foothills County, AB T0L1W1

$389,000 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

88%

Lot Size

1.82 ac

About this property

Here's an opportunity to own your very own private pristine parklike 1.82 acres on the beautiful banks of Priddis Creek, right in the heart of the Hamlet of Priddis, and just a very quick drive to one of Calgary's large shopping centres. Priddis Creek Landing is a gorgeous six lot subdivision with a great mix of trees and meadow, with each approach via a paved cul-de-sac. Each lot has its own drilled well, with power, gas, and phone at property line. There is a 10-meter environmental reserve along the creek which increases the use. There is no building commitment. GST is applicable. Restrictive covenants are reasonable. An incredible opportunity to own and enjoy LOT 4, a piece of the majestic Rocky Mountain foothills on the banks of picturesque Priddis Creek!! For the avid golfer, only steps away from the prestigious Priddis Greens Golf and Country Club. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$389K
Down payment30% · $117K
Interest rate6.25%
Amortization25 years
Occupancy88%
Expense growth2.5%

Monthly debt service

$2K

Projected NOI

$14K

Annual cash flow

$-7K

Cash-on-cash

-6.13%

DSCR

0.67

Going-in cap

3.70%

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

67,171

Households

28,258

Median income

$122,000

Median age

36.5

Daytime population

90,042

5-yr growth

3%

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

Secure deal room

Confidential diligence documents for 178118 229 Street W, Rural Foothills County.

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.