$325,000

LAND · MLS® A2278891
02 / Overview

PROPERTY OVERVIEW

Investment alert! 37.2 Acres of developable land in an established bare land condo close to Athabasca. Just minutes

north of town, there are proposed plans with this land for 45 additional lots for cabins, manufactured homes or RV's starting at 3/4 of an acre along with a community garden, washroom facilities, outdoor pool area and parking lot. Gas and power are available but are not yet installed. The land can be sold as part of the condominium corporation or could be...

03 / Details

PROPERTY DETAILS

Property TypeLAND
Building Type{}
Lot Size1,620,432 sq ft
ZoningCR4
Basement{}
04 / Investment

INVESTMENT ANALYSIS

Est. Monthly Cash Flow-$56After mortgage & expenses
Cap Rate5.7%Based on market rents
Cash on Cash Return-1.0%With 20% down payment
Est. Monthly Rent$2,000Based on comparable rentals
Want to run your own numbers?Customize down payment, rates, and rental assumptions
05 / Location

NONE

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Walk ScoreN/A
Avg Home PriceN/A
Price / Sq FtN/A
Avg Days on MarketN/A
Presented By

Alex Weinberger

Royal LePage Premier Real Estate