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$545,000

2903-10750 135a Street, Surrey, BC, V3T 0V4

QuickQuoteTM: Not Available
MLS® # R2977214

1 Beds

1 Bath

485 FEETSQ sqft

Property Information:

THE GRAND ON KING GEORGE! This 1 BDRM+Den unit offers breathtaking panoramic views of the mountains, city & Fraser Valley. The functional living space comes complete with features like custom millwork throughout, closet organizers w/built-in lights, central heating and cooling, wifi enable Samsung appliances, GAS cooktops (inc in strata) kitchen cabinet organizers and so much more! Residents enjoy exclusive access to 23,000 sq.ft. of indoor & outdoor amenities on the 6th floor including full gym and off leash dog area. Located just a four-minute walk from Gateway SkyTrain Station, this residential tower provides effortless access to downtown Vancouver & other Metro Vancouver cities! Everyday living at the Grand on King George is designed for ultimate comfort and luxury.

Building Features:

  • Floor Space: 485 Square Feet

Property Features:

  • Bedrooms: 1
  • Bathrooms: 1+0
  • Appliances: Washer/Dryer, Dishwasher, Refrigerator, Cooktop, Microwave
  • Association Amenities: Bike Room, Exercise Centre, Concierge, Caretaker, Trash, Gas, Hot Water, Management, Recreation Facilities
  • Basement: None
  • Built in: 2024
  • Community Features: Shopping Nearby
  • Condo Fees: $282
  • Cooling: Central Air, Air Conditioning
  • Exterior Features: Playground, Balcony
  • Floor Space (approx): 485 Square Feet
  • Heating: Forced Air, Heat Pump
  • Interior Features: Elevator, Guest Suite
  • Laundry Features: In Unit
  • Levels: One
  • Lot Features: Central Location, Near Golf Course, Recreation Nearby
  • Parking Features: Garage Under Building
  • Structure Type: Multi Family, Residential Attached
  • Window Features: Window Coverings
  • No. of Parking Spaces: 0

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.

Potential Investment Performance

Cumulative ROI

92.2%

Cumulative Market Appreciation

$150,573

Net Operating Income in Year 5

$19,917

Cash on Cash Return in Year 5

-4.7%

Assumptions

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
%
$109,000
Mortgage Amount $436,000
Mortgage Payment
%
$2,262

Cash Flow Calculator

monthly
yearly
Income
Gross Rental Income
Powered By
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Vacancy Rate
%
$
Other
$
Gross Operating Income $2,234
Operating Expenses
Management Fees
%
$
Property Tax
$
Repair Reserve
%
$
Insurance
$
Condo/Strata Fees
$
Total Operating Expenses $790
Net Operating Income $1,444
Debt Service
Mortgage Payment $2,262
Net Cash Flow -$817

Cap Rate

3.18%

Acquistion Costs

Down Payment $109,000
Land Transfer Tax $8,900
Legal Fees $1,500
Adjustments $0
Appraisal $500
Total Acquisition Costs $119,900

Components of Return

Potential Returns

Year 1Year 2Year 3Year 4Year 5Year 6Year 7Year 8Year 9Year 10
Investments
Down Payment $109,000 - - - - - - - - -
Closing Costs $10,900 - - - - - - - - -
Mortgage Paydown $6,783$7,109$7,451$7,809$8,184$8,578$8,990$9,422$9,875$10,350
Total $126,683$7,109$7,451$7,809$8,184$8,578$8,990$9,422$9,875$10,350
Cash Invested $126,683$133,793$141,244$149,054$157,239$165,817$174,808$184,231$194,107$204,457
Rental Cash Flows
Rent and other income $26,816$27,620$28,449$29,302$30,182$31,087$32,020$32,980$33,970$34,989
Operating Expenses -$9,483-$9,700-$9,922-$10,150-$10,383-$10,622-$10,867-$11,117-$11,373-$11,636
Mortgage Payment -$27,146-$27,146-$27,146-$27,146-$27,146-$27,146-$27,146-$27,146-$27,146-$27,146
Net Cash Flow -$9,813-$9,226-$8,619-$7,994-$7,348-$6,681-$5,993-$5,283-$4,550-$3,793
Returns
Property Price Appreciation $27,250$28,612$30,043$31,545$33,122$34,778$36,517$38,343$40,260$42,273
Mortgage Paydown $6,783$7,109$7,451$7,809$8,184$8,578$8,990$9,422$9,875$10,350
Net Cash Flow -$9,813-$9,226-$8,619-$7,994-$7,348-$6,681-$5,993-$5,283-$4,550-$3,793
Total Return $24,220$26,496$28,874$31,360$33,959$36,675$39,514$42,482$45,586$48,830
Cumulative Return $24,220$50,716$79,591$110,951$144,910$181,586$221,100$263,583$309,169$358,000
Investment Metrics
Cumulative ROI 19.1% 37.9% 56.3% 74.4% 92.2% 109.5% 126.5% 143.1% 159.3% 175.1%
Cash On Cash -7.7% -6.9% -6.1% -5.4% -4.7% -4.0% -3.4% -2.9% -2.3% -1.9%
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Location of 2903-10750 135a Street, Surrey, BC, V3T 0V4

Demographic Information of 2903-10750 135a Street, Surrey, BC, V3T 0V4

Life Stage

Young Singles

Employment Type

Service Sector

Average Household Income

$98,306.89

Average Number of Children

1.69

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

18.21 %

High school certificate or equivalent

30.35 %

Apprenticeship trade certificate/diploma

8.46 %

College/non-university certificate

16.58 %

University certificate (below bachelor)

1.61 %

University Degree

24.8 %

Commuter

Travel To Work

By Car

59.25 %

By Public Transit

34.42 %

By Walking

4.21 %

By Bicycle

0.46 %

By Other Methods

1.66 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

65.92 %

Houses

34.08 %

Own Vs. Rent