For Sale · Land

Lot 18, 210044 Highway 512, Rural Lethbridge County

Lot 18, 210044 Highway 512, Rural Lethbridge County, AB T1J5N9

$425,000 total

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Asset Class

Land

Size

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Building class

B

Zoning

AG — Agricultural

$ / SF

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Occupancy

89%

Lot Size

2.74 ac

About this property

Welcome home to this amazing 2.74 acres! A blank canvas for you to imagine and design your own acreage. Plenty of room for that spacious dream home, and a large shop! Close to the city, just far enough out to breathe. With wide open skies and less than a 10 minute drive, it's just enough time to unwind after a day at the office. This lot offers gas & electricity close by, and city water (not many of these left). Lot 19 (3.26 acres) is also available and listed separately. It doesn’t get much better than this! (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$425K
Down payment30% · $128K
Interest rate6.25%
Amortization25 years
Occupancy89%
Expense growth2.5%

Monthly debt service

$2K

Projected NOI

$21K

Annual cash flow

$-3K

Cash-on-cash

-2.22%

DSCR

0.88

Going-in cap

4.87%

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

74,786

Households

33,897

Median income

$94,500

Median age

45.1

Daytime population

106,100

5-yr growth

8.5%

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

Secure deal room

Confidential diligence documents for Lot 18, 210044 Highway 512, Rural Lethbridge 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.