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$484,900 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
88%
Year Built
2007
convenience at Lake Country's Sitara on the Pond. Enjoy an open-concept layout with a breakfast bar and seamless flow into the bright dining area and living room. Recent updates include new flooring, fresh paint, modern lighting and a new HVAC & heat pump unit—move-in ready! The private deck overlooks Pollard’s Pond (turned ice-skating rink in winter!) and the large pool—perfect for relaxing morning coffee with serene views. The primary suite offers resort-style ease with plenty of space, natural light, and ensuite access. The second bedroom is spacious with access to the second full bath. Features include in-suite laundry, central heating/cooling, 9 foot ceilings, one secure underground parking stall, an extra visitor parking spot and a storage locker. This pet- and rental-friendly complex has an outdoor pool, hot tub, gym and social room in a quiet, beautifully landscaped location with hiking trails and bird watching in your backyard. An unbeatable location: minutes from 3 lakes, highly sought-after Davidson Elementary plus 3 more schools, Turtle Bay Marina, shopping, and the famous Rail Trail for biking. Spion Kop offers panoramic hiking trails. Nearby are wineries, cafes, orchards, and local farms. Bonus: UBCO, YLW, Predator Ridge Golf Course, and Sparkling Hill Spa are just 15 minutes away. (id:66811)
Adjust the deal assumptions — returns recalculate instantly.
Monthly debt service
$2K
Projected NOI
$31K
Annual cash flow
$5K
Cash-on-cash
3.18%
DSCR
1.17
Going-in cap
6.49%
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.
Trade area within 3 miles of the property.
Population
55,129
Households
20,997
Median income
$64,000
Median age
39.8
Daytime population
66,972
5-yr growth
6.1%
Modelled estimates for illustration until a licensed census data provider is connected.
Confidential diligence documents for 2551 Shoreline Drive Unit# 204, Lake Country.
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.