For Sale · Specialty

#8 53206 Range Rd. 55A, Rural Parkland County

#8 53206 Range Rd. 55A, Rural Parkland County, AB T0E2B0

$519,000 total

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Asset Class

Specialty

Size

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Building class

A

Zoning

DC2 — Site Specific

$ / SF

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Occupancy

97%

Year Built

2017

Lot Size

0.1 ac

About this property

This modern modular home is situated on the 2nd. largest lot at Ph. 3 The Ridge, backing onto a green belt with a partial view of the Lake. It is 4 season, welded to screw piles, fenced & professionally landscaped with air conditioning, patio stones, rubber mulch, small rocks, 3 raised garden & flower beds, 3 patio/lounging areas, fruit trees including Saskatoon & Apple trees. This home has huge windows, vaulted ceilings, drywall vs plywood paneling, 2 year old engineered hardwood floors & 5 baseboards. The living room has an electric F/P, TV outlet, ceiling fan, a murphy bed & patio doors leading to the deck. The kitchen has 2 tone cabinets/drawers, corian counters, a large island, an electric stove, dishwasher, built-in microwave & fridge. Off the kitchen enjoy dining or office space with F/P, TV outlet, ceiling fan & patio doors leading to the BBQ area. The bedroom has wall to wall closets with a TV outlet & ceiling fan. Enjoy a 4 pce. bath. Possession Now or in the Spring. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$519K
Down payment30% · $156K
Interest rate6.25%
Amortization25 years
Occupancy97%
Expense growth2.5%

Monthly debt service

$2K

Projected NOI

$41K

Annual cash flow

$12K

Cash-on-cash

7.87%

DSCR

1.43

Going-in cap

7.90%

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

73,103

Households

25,393

Median income

$89,500

Median age

42.5

Daytime population

88,331

5-yr growth

8%

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

Secure deal room

Confidential diligence documents for #8 53206 Range Rd. 55A, Rural Parkland 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.