For Sale · Land

305 Meadow Ridge DRIVE, Candle Lake

305 Meadow Ridge DRIVE, Candle Lake, SK S0J3E0

$129,000 total

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Asset Class

Land

Size

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Building class

A

Zoning

UR — Urban Reserve

$ / SF

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Occupancy

92%

Lot Size

1.44 ac

About this property

Big lot. Big possibilities. This 1.44-acre pie-shaped lot at 305 Meadow Ridge Dr. is cleared and ready to go, with an extra-wide driveway and culvert already installed.Private, quiet, and backing onto nature, this fully serviced lot (Sask Energy, Power & Tel) offers approx. 98’ x 394’ of space to build your dream cottage or bring in your favourite RTM. Whether you’re envisioning cozy and simple or spacious and luxurious, this property delivers the flexibility and privacy you’re looking for. Tons of VALUE. Enjoy year-round recreation at Candle Lake—boating, swimming, fishing, golf, hiking, biking, snowmobiling, skiing, and ice fishing—plus crystal-clear water, sand dunes, and nearly 30 km of sandy beaches. This could be #yourhappyplace. (id:66811)

Financial sandbox

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Estimate
Purchase price$129K
Down payment30% · $39K
Interest rate6.25%
Amortization25 years
Occupancy92%
Expense growth2.5%

Monthly debt service

$596

Projected NOI

$6K

Annual cash flow

$-1K

Cash-on-cash

-2.71%

DSCR

0.85

Going-in cap

4.73%

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

91,570

Households

40,629

Median income

$69,500

Median age

37.9

Daytime population

106,915

5-yr growth

6.4%

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

Secure deal room

Confidential diligence documents for 305 Meadow Ridge DRIVE, Candle Lake.

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.