For Sale · Land

343 Cross Road S, Cranbrook

343 Cross Road S, Cranbrook, BC V1C6W6

$469,000 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

97%

Lot Size

5 ac

About this property

This beautiful 5-acre parcel on the edge of Cranbrook offers the perfect combination of privacy, natural beauty, and convenience. Surrounded by mature trees and showcasing beautiful mountain views, this peaceful property provides a private, wooded setting with plenty of space to build your dream home, and build the lifestyle you've always envisioned. Enjoy the best of Kootenay living with lakes, Crown land, hiking and recreational trails just minutes away, while still being conveniently close to downtown Cranbrook, the airport, schools, shopping, and amenities. Whether you're dreaming of a custom family home, space for a shop and recreational toys, gardens, or simply a quiet retreat surrounded by nature, these five acres provide an incredible canvas to make it your own. Properties offering this much land, privacy, mountain scenery, and proximity to Cranbrook are increasingly hard to find. Bring your plans, bring your dreams, and discover the possibilities of owning your own piece of the Kootenays. (id:66811)

Financial sandbox

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Estimate
Purchase price$469K
Down payment30% · $141K
Interest rate6.25%
Amortization25 years
Occupancy97%
Expense growth2.5%

Monthly debt service

$2K

Projected NOI

$20K

Annual cash flow

$-6K

Cash-on-cash

-4.28%

DSCR

0.77

Going-in cap

4.26%

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

49,714

Households

22,921

Median income

$96,000

Median age

31.6

Daytime population

74,380

5-yr growth

0.9%

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

Secure deal room

Confidential diligence documents for 343 Cross Road S, Cranbrook.

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.