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Investment signal

$995,000

757 PRESTON ROAD

Beds

Baths

Sqft

Year

About this home

1.76-acre Multi-Family zoned Riverfront Property!! Opportunity to create an exclusive multi-family development along the picturesque Nechako River. Water and sewer available off of Preston Rd. Currently zoned RM1 to develop 13 townhomes that would be a hot seller or discuss with City to go for a larger development of unmatched quality. Could also just be your own personal estate to build your dream home on the river. Also on Residential - see MLS# R3083682 (id:65958)

Subtype
Vacant Land
Lot size
1.76 acres
MLS#
C8075581
Area
PRINCE_GEORGE
Negative cash flow ~$1,937/mo at these assumptions

Cash on cash

-11.68%

Cap rate

3.55%

GRM

16.7

Break-even rent

$7,014

Financing

Down payment$199,000
Loan amount$796,000
Mortgage$4,883/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$456
Insurance$80
Maintenance$829
CapEx reserve$415
Vacancy loss$249

Estimates only. Actual cash flow depends on financing terms, condition reports, current market rents, property tax assessment, condo fees, and tenant quality. Defaults: 5% vacancy, 1%/yr maintenance, 0.5%/yr CapEx reserve, $80/mo insurance. Property tax estimated at 0.55%/yr where not provided. Talk to a mortgage broker before relying on these numbers.

Mortgage estimate

Estimated $4,883/mo at 5.49% with 20% down, 25-yr amortization.Estimate only — actual payment varies by qualification + insurance.

Listing brokerage

Listing brokerage on file

Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated Apr 13, 2026.

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