For Sale · Land

Baptiste Trail Lot# 7561 S, Radium Hot Springs

Baptiste Trail Lot# 7561 S, Radium Hot Springs, BC V0A1M0

$2.1M total

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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

89%

Lot Size

160 ac

About this property

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)

Financial sandbox

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Estimate
Purchase price$2.10M
Down payment30% · $630K
Interest rate6.25%
Amortization25 years
Occupancy89%
Expense growth2.5%

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.

Area demographics

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.

Secure deal room

Confidential diligence documents for Baptiste Trail Lot# 7561 S, Radium Hot Springs.

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.