For Lease · Land

7 4622 SINCLAIR BAY ROAD, Pender Harbour

7 4622 SINCLAIR BAY ROAD, Pender Harbour, BC V0N1S1

$189,900 per sq ft / yr

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Asset Class

Land

Size

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Building class

A

Zoning

DC2 — Site Specific

$ / SF

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Occupancy

93%

Lot Size

0.188 ac

About this property

Farrington Cove is a wonderful recreational area. Build that special place as your home away from home; or perhaps live like your on holidays all year round. (2 house plans avail.) Lot is quiet, backing onto trees and a road allowance creates privacy from neighboring property below. Tennis Courts are one of the amenities. Enjoy the filtered ocean views of Duncan Bay. Underground Services are at the lot line and the previous excavated property has been prepped and ready to be formed for foundation. Moorage is offered for lease, depending on availability, and may accommodate boats up to 60 ft. or less. Have fun hiking, biking, boating, swimming, wildlife photography, or just relaxing in the idyllic paradise of Garden Bay. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$190K
Down payment30% · $57K
Interest rate6.25%
Amortization25 years
Occupancy93%
Expense growth2.5%

Monthly debt service

$877

Projected NOI

$10K

Annual cash flow

$-390

Cash-on-cash

-0.69%

DSCR

0.96

Going-in cap

5.34%

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

138,342

Households

59,444

Median income

$117,000

Median age

34.8

Daytime population

172,168

5-yr growth

0.6%

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

Secure deal room

Confidential diligence documents for 7 4622 SINCLAIR BAY ROAD, Pender Harbour.

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.