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9 Rustic Road , Norglenwold, AB

$2,000,000

Residential · MLS® A2247198
5Bedrooms
3Bathrooms
3,606Sq Ft
2Garage
1989Year Built
02 / Overview

PROPERTY OVERVIEW

Lakefront living at its finest! This 2 owner home is on a large pie shaped lot with 62 ft of lake frontage in the beautiful SV of Norglenwold. It has unparalleled 180 degree stunning views of the lake with spectacular sunrises. The gentle slope to the water provides easy access for kids and the elderly, and also for all of your lake activities. Situated on a huge lot( 62 x 195 x 107 x 195), there is plenty of...

03 / Details

PROPERTY DETAILS

Property TypeResidential
Building TypeHouse
Total Finished Area3,606 sq ft
Lot Size16,546 sq ft
ZoningR1
HeatingBoiler • In Floor • Forced Air • Hot Water • Natural Gas • Wood • Wood Stove
CoolingNone
ParkingDouble Garage Attached • Garage Door Opener • Heated Garage • Interlocking Driveway • Oversized • Parking Pad • RV Access/Parking • Workshop in Garage
ExteriorBalcony • BBQ gas line • Dock • Fire Pit • Private Yard • Storage
BasementNone
Year Built1989
04 / Investment

INVESTMENT ANALYSIS

Est. Monthly Cash Flow-$2,463After mortgage & expenses
Cap Rate3.0%Based on market rents
Cash on Cash Return-7.4%With 20% down payment
Est. Monthly Rent$6,561Based on comparable rentals
Want to run your own numbers?Customize down payment, rates, and rental assumptions
05 / Location

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Needs Review
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Investment Score53/100
Avg Home PriceN/A
Active ListingsN/A
Listed by Lorne Therriault · RE/MAX real estate central alberta