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For Sale · Specialty

500 Alpine Way, Elkford

500 Alpine Way, Elkford, BC V0B1H0

$499,900 total

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Asset Class

Specialty

Size

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Building class

C

Zoning

DC2 — Site Specific

$ / SF

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Occupancy

98%

Year Built

1984

Lot Size

1.18 ac

About this property

A unique opportunity to acquire an institutional property on approximately 1.18 acres in Elkford. Currently configured as a place of worship, the building offers a large open-concept upper level with a storage room, plus a walk-out lower level featuring a full kitchen, two washrooms, three storage rooms and additional flexible gathering space. A metal roof, treed portions of the site and generous gravel parking add to the property’s functionality. P-1 Institutional zoning supports a range of potential principal uses, including (but not limited to) places of worship, major child care centres, schools, libraries, museums, public culture and art centres, recreation or community centres, hospitals or diagnostic centres, outdoor recreation, and public safety buildings. Accessory uses may also be permitted in accordance with the zoning bylaw. An adaptable property with space to serve, gather, teach or create. Buyers should independently confirm their intended use, zoning requirements, licensing, parking, building-code compliance and any required municipal or other approvals with the District of Elkford and applicable authorities. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$500K
Down payment30% · $150K
Interest rate6.25%
Amortization25 years
Occupancy98%
Expense growth2.5%

Monthly debt service

$2K

Projected NOI

$39K

Annual cash flow

$11K

Cash-on-cash

7.47%

DSCR

1.40

Going-in cap

7.78%

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

120,617

Households

57,202

Median income

$75,000

Median age

40.5

Daytime population

195,398

5-yr growth

7.7%

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

Secure deal room

Confidential diligence documents for 500 Alpine Way, Elkford.

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.