$310,000
Residential ยท MLSยฎ A21892812Bedrooms
2Bathrooms
1,078Sq Ft
0Garage
2020Year Built
02 / Overview
PROPERTY OVERVIEW
UNIQUE AND REWARDING RECREATIONAL PROPERTY OPPORTUNITY! Located just 40 minutes south of Medicine Hat is the vacation community of Elkwater, in the heart of Cypress Hills Provincial Park. This is where you'll find the maintenance-free recreational property your family has been dreaming about. This fully furnished condo is unquestionably one of the nicest in the development, found on the TOP FLOOR of the newest building, and in the NW end of the building offering the best available views of Elkwater...
03 / Details
PROPERTY DETAILS
Property TypeRESI
Building TypeCabin
Total Finished Area1,078 sq ft
ZoningPP
HeatingOther
CoolingCentral Air
ParkingOff Street
ExteriorBALC
Basement{}
Year Built2020
04 / Investment
INVESTMENT ANALYSIS
Est. Monthly Cash Flow-$741After mortgage & expenses
Cap Rate3.0%Based on market rents
Cash on Cash Return-14.3%With 20% down payment
Est. Monthly Rent$2,200Based on comparable rentals
Want to run your own numbers?Customize down payment, rates, and rental assumptions
05 / Location
ELKWATER
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Investment ScoreN/A
Avg Home PriceN/A
Active ListingsN/A
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Listed by TORREY MATTSON ยท ROYAL LEPAGE COMMUNITY REALTY