











1/13On Range Road 20, Rural Red Deer County, AB T4S1S5
$1.9M total
—
Asset Class
Land
Size
—
Building class
C
Zoning
UR — Urban Reserve
$ / SF
—
Occupancy
89%
Lot Size
93.45 ac
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)
Adjust the deal assumptions — returns recalculate instantly.
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.
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.
Confidential diligence documents for On Range Road 20, Rural Red Deer County.
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.