For Sale · Specialty

6408 Monck Park Road, Merritt

6408 Monck Park Road, Merritt, BC V1K0A1

$649,000 total

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Asset Class

Specialty

Size

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Building class

A

Zoning

US — Urban Services

$ / SF

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Occupancy

94%

Lot Size

1.02 ac

About this property

WATERFRONT! Rare opportunity to own approximately 1 acre in desirable Nicola Lakeshore Estates. Build your dream home or recreational getaway on the shores of beautiful Nicola Lake, just 3 hours from the Lower Mainland and approximately 2 hours from Sun Peaks. Enjoy four-season recreation right outside your door, including boating, water skiing, fishing and wind surfing in the summer, along with hiking, ATVing, cross-country skiing and fantastic snowmobiling throughout the surrounding area. The driveway has already been started, providing access toward the more level area near the waterfront. The natural slope of the property offers an excellent opportunity for a walkout basement design that takes advantage of the beautiful lake views and easy access to the beach. Paved road access plus water and sewer services available at the lot line add to the convenience of this exceptional property. Whether you're looking to build a year-round residence or your own four-season lake retreat, this is an opportunity to enjoy everything Nicola Lake has to offer. Book your appointment today and come experience this beautiful waterfront property for yourself. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$649K
Down payment30% · $195K
Interest rate6.25%
Amortization25 years
Occupancy94%
Expense growth2.5%

Monthly debt service

$3K

Projected NOI

$47K

Annual cash flow

$11K

Cash-on-cash

5.71%

DSCR

1.31

Going-in cap

7.26%

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

142,759

Households

62,033

Median income

$77,000

Median age

39.9

Daytime population

152,768

5-yr growth

4.2%

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

Secure deal room

Confidential diligence documents for 6408 Monck Park Road, Merritt.

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.