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British Columbia
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103-210 13th Street W

$699,800

103-210 13th Street W, North Vancouver, BC, V7M 1N7

QuickQuote^TM: $685K - $834K

MLS® # R2971127

1 Beds

1 Bath

629 FEETSQ sqft

Property Information:

Welcome to the Kimpton! An intimate west coast inspired concrete building with only 50 units. Designed by award winning architect Richard Hulbart, this well appointed one bedroom welcomes you with a gourmet kitchen featuring granite counters and premium Fisher & Paykel appliances including a gas cooktop and double dish drawer. The living room features premium Kendall Lock hardwood flooring, custom lighting, travertine stone feature wall with fireplace and radiant floors throughout. The spa-inspired bathroom includes waterfall marble counters, a vessel sink, and a reimagined custom shower with Gioira & Redi fixtures and glass enclosure. Enjoy private grade access to your unit and an oversized terrace. Close to transit, Seabus and short stroll to the shipyards.1 parking and 1 storage locker.

Building Features:

Floor Space: 629 Square Feet

Property Features:

Bedrooms: 1
Bathrooms: 1
Annual Tax Amount: $1,958
Accessibility Features: Wheelchair Access
Appliances: Washer/Dryer, Washer, Dishwasher, Refrigerator, Cooktop, Microwave, Oven, Range
Architectural Style: Ground Level Unit
Association Amenities: Bike Room, Exercise Centre, Recreation Facilities, Trash, Maintenance Grounds, Gas, Heat, Hot Water, Management, Sewer, Snow Removal, Water
Basement: None
Built in: 2012
Community Features: Shopping Nearby
Condo Fees: $417
Fireplace Features: Insert, Electric
Floor Space (approx): 629 Square Feet
Heating: Electric, Radiant
Interior Features: Elevator, Storage
Laundry Features: In Unit
Lot Features: Central Location, Lane Access, Private, Recreation Nearby
Lot Frontage: 0.01 Feet
Parking Features: Garage Under Building, Lane Access
Structure Type: Multi Family, Residential Attached
Window Features: Window Coverings
No. of Parking Spaces: 1

The data relating to real estate on this web site comes in part from the MLS® Reciprocity program of the Greater Vancouver REALTORS®, the Fraser Valley Real Estate Board or Chilliwack & District Real Estate Board. Real estate listings held by participating real estate firms are marked with the MLS® Reciprocity logo and detailed information about the listing includes the name of the listing agent. This representation is based in whole or part on data generated by the Greater Vancouver REALTORS®, the Fraser Valley Real Estate Board or Chilliwack & District Real Estate Board which assumes no responsibility for its accuracy. The materials contained on this page may not be reproduced without the express written consent of the Greater Vancouver REALTORS®, the Fraser Valley Real Estate Board or Chilliwack & District Real Estate Board.

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Rating:

Notes:

Merrick Sandhu

Sales Representative Royal LePage Wolstencroft Realty *

Mobile:604.379.6080

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Potential Investment Performance

Cumulative ROI

93.4%

Cumulative Market Appreciation

$193,341

Net Operating Income in Year 5

$26,095

Cash on Cash Return in Year 5

-4.4%

Assumptions

Market Appreciation Per Year

Rent Increase Per Year

Expense Increase Per Year

The information below is based on user inputs and general assumptions for informational purposes only. The outputs are not legal, financial, investment, or other advice. Review all fields for accuracy and consult an agent for guidance.

Mortgage Calculator

Mortgage
Purchase Price	$
Down Payment %	$139,960
Mortgage Amount	$559,840
Mortgage Payment %	$2,904

Cash Flow Calculator

monthly

yearly

Income
Gross Rental Income Powered By	$
Vacancy Rate %	$
Other	$
Gross Operating Income	$2,818

Operating Expenses
Management Fees %	$
Property Tax	$
Repair Reserve %	$
Insurance	$
Condo/Strata Fees	$
Total Operating Expenses	$921
Net Operating Income	$1,896

Debt Service
Mortgage Payment	$2,904

Net Cash Flow	-$1,007

Cap Rate

3.25%

Acquistion Costs

Down Payment $139,960

Land Transfer Tax $11,996

Legal Fees $1,500

Adjustments $0

Appraisal $500

Total Acquisition Costs $153,956

Components of Return

Potential Returns

	Year 1	Year 2	Year 3	Year 4	Year 5	Year 6	Year 7	Year 8	Year 9	Year 10
Investments
Down Payment	$139,960	-	-	-	-	-	-	-	-	-
Closing Costs	$13,996	-	-	-	-	-	-	-	-	-
Mortgage Paydown	$8,710	$9,129	$9,567	$10,027	$10,509	$11,014	$11,544	$12,099	$12,680	$13,290
Total	$162,666	$9,129	$9,567	$10,027	$10,509	$11,014	$11,544	$12,099	$12,680	$13,290
Cash Invested	$162,666	$171,795	$181,363	$191,391	$201,901	$212,916	$224,460	$236,559	$249,240	$262,530

Rental Cash Flows
Rent and other income	$33,817	$34,831	$35,876	$36,953	$38,061	$39,203	$40,379	$41,591	$42,838	$44,123
Operating Expenses	-$11,054	-$11,310	-$11,572	-$11,841	-$12,116	-$12,397	-$12,685	-$12,981	-$13,283	-$13,593
Mortgage Payment	-$34,857	-$34,857	-$34,857	-$34,857	-$34,857	-$34,857	-$34,857	-$34,857	-$34,857	-$34,857
Net Cash Flow	-$12,094	-$11,336	-$10,553	-$9,745	-$8,911	-$8,051	-$7,163	-$6,247	-$5,302	-$4,327

Returns
Property Price Appreciation	$34,990	$36,739	$38,576	$40,505	$42,530	$44,657	$46,889	$49,234	$51,696	$54,280
Mortgage Paydown	$8,710	$9,129	$9,567	$10,027	$10,509	$11,014	$11,544	$12,099	$12,680	$13,290
Net Cash Flow	-$12,094	-$11,336	-$10,553	-$9,745	-$8,911	-$8,051	-$7,163	-$6,247	-$5,302	-$4,327
Total Return	$31,605	$34,532	$37,591	$40,787	$44,128	$47,620	$51,270	$55,086	$59,074	$63,244
Cumulative Return	$31,605	$66,138	$103,729	$144,517	$188,646	$236,266	$287,537	$342,623	$401,698	$464,942

Investment Metrics
Cumulative ROI	19.4%	38.5%	57.2%	75.5%	93.4%	111.0%	128.1%	144.8%	161.2%	177.1%
Cash On Cash	-7.4%	-6.6%	-5.8%	-5.1%	-4.4%	-3.8%	-3.2%	-2.6%	-2.1%	-1.6%