Investment signal

$64,900

Lot 24-3 East Mountain Road

Beds

Baths

Sqft

Year

About this home

Lot 24-3 East Mountain is a 2.35 acre property located very conveniently near Bible Hill amenities, Mountain Golf Course and the main Highway 2. Location certificate and subdivision documents available. Currently zoned as Rural General property, allowing for a duplex unit - consult county for current and future potential uses. Book your viewing! (id:65958)

Subtype
Vacant Land
Lot size
2.35 acres
MLS#
202601947
Area
EAST_MOUNTAIN
Positive cash flow ~$1,771/mo at these assumptions

Cash on cash

163.69%

Cap rate

38.63%

GRM

2.3

Break-even rent

$536

Financing

Down payment$12,980
Loan amount$51,920
Mortgage$319/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$30
Insurance$80
Maintenance$54
CapEx reserve$27
Vacancy loss$120

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 $319/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 17, 2026.

We use a single cookie to remember if you’ve dismissed this notice and a no-PII analytics ping. By using this site you consent. Privacy.