For Sale · Land

On Range Road 20, Rural Red Deer County

On Range Road 20, Rural Red Deer County, AB T4S1S5

$1.9M total

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Asset Class

Land

Size

—

Building class

C

Zoning

UR — Urban Reserve

$ / SF

—

Occupancy

89%

Lot Size

93.45 ac

About this property

A rare opportunity to acquire 93.45 acres west of Norglenwold, on the south side of Sylvan Lake and just 3km from the Town of Sylvan Lake. This mostly treed parcel lies on the south side of Honeymoon Drive and slopes gently toward the lake, with lake access at the end of Range Road 20. There is also public walking access between Honeymoon Drive and Grande Avenue, just off the NE corner of the property. Imagine creating your own private estate with room to roam, or holding the land for its longer-term potential. Currently zoned Agricultural, the property lies in an area identified for future residential use in the Sylvan Lake Area Intermunicipal Development Plan. Regional wastewater infrastructure is progressing, although the availability, timing and cost of servicing this parcel remain to be confirmed. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$1.85M
Down payment30% · $555K
Interest rate6.25%
Amortization25 years
Occupancy89%
Expense growth2.5%

Monthly debt service

$9K

Projected NOI

$91K

Annual cash flow

$-12K

Cash-on-cash

-2.14%

DSCR

0.88

Going-in cap

4.90%

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

85,791

Households

35,784

Median income

$81,500

Median age

45.9

Daytime population

128,967

5-yr growth

7.5%

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

Secure deal room

Confidential diligence documents for On Range Road 20, Rural Red Deer 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.