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$2.1M total
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Asset Class
Land
Size
—
Building class
A
Zoning
DC2 — Site Specific
$ / SF
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Occupancy
89%
Lot Size
160 ac
This 160-acre mostly forested property surrounds most of the shoreline of Baptiste Lake offering a remarkably private setting just a few kms north of Radium Hot Springs. The property belongs to The Ranches at Elk Park, a gated community spanning more than 4,000 acres with only 16 acreages ranging from 36 to 480 acres. On the Property (known as Mckay Ranch) there are 2 main areas to consider for building (1) a site surrounded by level ground with views across the lake to the Rocky Mountains; or (2) a site perched on the hillside overlooking the length of the lake & out across the valley to the more distant Purcell Mtns. The lake measures roughly 2325 ft x 650 ft with only 2 private properties bordering its shores & no public lake access to the lake. The lake also serves as Edgewater’s drinking-water reservoir and has an avg lake depth of approx. 10 ft, up to a maximum of 19 ft. The original 1925 dam received major upgrades in 2018–2019. There is a 100 m building setback from the lake for a house & 60-m tree-clearing restriction around the lake plenty to open up views. The northern berm/dam area provides a scenic walking route that extends around established trails on this property & a year-round creek feeds the lake’s northern end. There is a water license in place as well as a drilled well & power runs along the private internal road. For those seeking room to explore & a choice of exceptional views, this acreage offers a distinctive Columbia Valley setting. (id:66811)
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Monthly debt service
$10K
Projected NOI
$75K
Annual cash flow
$-42K
Cash-on-cash
-6.61%
DSCR
0.64
Going-in cap
3.56%
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
140,968
Households
50,408
Median income
$101,500
Median age
45.2
Daytime population
237,843
5-yr growth
7.6%
Modelled estimates for illustration until a licensed census data provider is connected.
Confidential diligence documents for Baptiste Trail Lot# 7561 S, Radium Hot Springs.
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.