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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$120,000
Cap Rate
The capitalization rate is the rate of return on a real estate investment property based on the income that the property is expected to generate.
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Lot Size
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Building Size
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Premise Summary
Located in a peaceful rural pocket just off Westside Road, this nearly 0.5 acre freehold residential lot offers a rare chance to build in the highly regarded Valley of the Sun community. With pricing below BC Assessed Value, this property represents strong value in a location steps from Okanagan Lake. Ideally positioned between Vernon and Kelowna, the lot is only a 5 minute drive to Fintry Provincial Park, the beach, and the boat launch. Surrounded by mature forest, the setting feels private and serene while still being part of an established, welcoming neighbourhood. Over $30,000 has recently been invested in professional tree clearing, creating a strong starting point for future development while preserving natural greenery for privacy and shade. Water and hydro are available at the lot line, and the water levy has been paid in full, helping keep property taxes low and simplifying future planning. With no timeline to build, you have the flexibility to develop at your own pace and enjoy easy access to Okanagan Lake and year round outdoor recreation including swimming, boating, fishing, and nearby hiking trails. (id:39198)
Location
Province
British Columbia
City
Fintry
Address
Balsam
Postal Code
V1Z3V7
Location Highlights
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Listed by
RE/MAX Vernon British Columbia listing
Category
Property Information
Premise Status
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With Accommodation
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Tenancy
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Lot Size
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Available Space
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Building Size
0
Year Built
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Years Remaining in Current Lease Term
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Renewal Options
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Operational Information
Number of Working Owners
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Current Owner - years
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FF & E
Furniture, Fixtures & Equipment that remain with the business.
Not Included
Inventory Value - approximate
Consumable items the restaurant sells or uses such as food, beverages, cleaning supplies, etc.
Not Included
Franchise
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Financial Information
Yearly Rate
$120,000
Asking Price
$120,000
Cap Rate
The capitalization rate is the rate of return on a real estate investment property based on the income that the property is expected to generate.
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NOI
Net Operating Income equals all revenue from the property, minus all reasonably necessary operating expenses.
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Gross Revenue- annual
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Cash Flow - annual
1 Take your “Net Income before Taxes”, then,
2 Add up all payments to: owners + interest + allowances for asset depreciation.
3 ADD together 1 + 2 = CASH FLOW (aka Seller’s Discretionary Earnings)
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EBITDA
Earnings Before Interest, Taxes, Depreciation, Amortization.
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Premises Size (square feet)
0
Other Information
Owner willing to Finance
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Absentee Owner
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Support and Training
Not Included
Growth and Expansion
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Market Competition
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