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$499,800

417-10688 140 Street, Surrey, BC, V3T 0M6

QuickQuoteTM: $447K - $534K
MLS® # R2976978

1 Beds

1 Bath

636 FEETSQ sqft

Property Information:

Trillium Living, very well maintained - one bedroom plus an open den with 636sqft, high ceilings, and floor to ceiling windows in living, providing lots of natural light and a nice view! Features quartz countertops, stainless steel appliances, sleek cabinetry and open kitchen overlooking the dining and living area. Amenities include a recreation room/party room, an private outdoor basketball court, an indoor table tennis, and a trail across the street. Including a parking stall and a storage locker. Walk to Forsyth Road Elementary & Hawthorne Park, Gateway SkyTrain, SFU & Pattullo Bridge, 10-minutes away. Perfect for first time buyers! Quick possession! Don't miss out!

Building Features:

  • Floor Space: 636 Square Feet

Property Features:

  • Bedrooms: 1
  • Bathrooms: 1+0
  • Annual Tax Amount: $1,320
  • Appliances: Washer/Dryer, Dishwasher, Refrigerator, Cooktop, Oven
  • Association Amenities: Trash, Hot Water, Management, Snow Removal
  • Basement: None
  • Built in: 2018
  • Community Features: Shopping Nearby
  • Condo Fees: $339
  • Exterior Features: Balcony
  • Floor Space (approx): 636 Square Feet
  • Heating: Baseboard, Electric
  • Interior Features: Elevator, Storage
  • Laundry Features: In Unit
  • Lot Features: Central Location, Recreation Nearby
  • Parking Features: Underground, Garage Door Opener
  • Road Surface Type: Gravel
  • Structure Type: Multi Family, Residential Attached
  • 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.

Potential Investment Performance

Cumulative ROI

100.1%

Cumulative Market Appreciation

$138,085

Net Operating Income in Year 5

$20,695

Cash on Cash Return in Year 5

-3.0%

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
%
$99,960
Mortgage Amount $399,840
Mortgage Payment
%
$2,074

Cash Flow Calculator

monthly
yearly
Income
Gross Rental Income
Powered By
$
Vacancy Rate
%
$
Other
$
Gross Operating Income $2,234
Operating Expenses
Management Fees
%
$
Property Tax
$
Repair Reserve
%
$
Insurance
$
Condo/Strata Fees
$
Total Operating Expenses $730
Net Operating Income $1,504
Debt Service
Mortgage Payment $2,074
Net Cash Flow -$570

Cap Rate

3.61%

Acquistion Costs

Down Payment $99,960
Land Transfer Tax $7,996
Legal Fees $1,500
Adjustments $0
Appraisal $500
Total Acquisition Costs $109,956

Components of Return

Potential Returns

Year 1Year 2Year 3Year 4Year 5Year 6Year 7Year 8Year 9Year 10
Investments
Down Payment $99,960 - - - - - - - - -
Closing Costs $9,996 - - - - - - - - -
Mortgage Paydown $6,221$6,520$6,833$7,161$7,506$7,866$8,245$8,641$9,056$9,491
Total $116,177$6,520$6,833$7,161$7,506$7,866$8,245$8,641$9,056$9,491
Cash Invested $116,177$122,697$129,530$136,692$144,198$152,065$160,310$168,951$178,008$187,500
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 -$8,763-$8,966-$9,174-$9,387-$9,605-$9,828-$10,057-$10,291-$10,531-$10,776
Mortgage Payment -$24,895-$24,895-$24,895-$24,895-$24,895-$24,895-$24,895-$24,895-$24,895-$24,895
Net Cash Flow -$6,842-$6,241-$5,620-$4,979-$4,318-$3,636-$2,932-$2,205-$1,456-$682
Returns
Property Price Appreciation $24,990$26,239$27,551$28,929$30,375$31,894$33,488$35,163$36,921$38,767
Mortgage Paydown $6,221$6,520$6,833$7,161$7,506$7,866$8,245$8,641$9,056$9,491
Net Cash Flow -$6,842-$6,241-$5,620-$4,979-$4,318-$3,636-$2,932-$2,205-$1,456-$682
Total Return $24,368$26,518$28,764$31,111$33,562$36,124$38,801$41,598$44,521$47,576
Cumulative Return $24,368$50,886$79,651$110,762$144,325$180,449$219,251$260,850$305,372$352,949
Investment Metrics
Cumulative ROI 21.0% 41.5% 61.5% 81.0% 100.1% 118.7% 136.8% 154.4% 171.5% 188.2%
Cash On Cash -5.9% -5.1% -4.3% -3.6% -3.0% -2.4% -1.8% -1.3% -0.8% -0.4%
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Location of 417-10688 140 Street, Surrey, BC, V3T 0M6

Demographic Information of 417-10688 140 Street, Surrey, BC, V3T 0M6

Life Stage

Midlife Families

Employment Type

Blue Collar/Primary, Blue Collar/Service Sector

Average Household Income

$102,443.10

Average Number of Children

1.70

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

17.42 %

High school certificate or equivalent

29.53 %

Apprenticeship trade certificate/diploma

6.26 %

College/non-university certificate

16.94 %

University certificate (below bachelor)

2.87 %

University Degree

26.98 %

Commuter

Travel To Work

By Car

75.09 %

By Public Transit

18.82 %

By Walking

3.76 %

By Bicycle

0.31 %

By Other Methods

2.02 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

69.36 %

Houses

30.64 %

Own Vs. Rent