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$500,000

1 Beds

1 Bath

529 FEETSQ sqft

QuickQuoteTM: $483K - $577K

Surrey BC, V3R 3E5

MLS® # R2940478

Property Information:

Viktor is centrally located near Surrey City Centre & all amenities including SkyTrain and Retail. 1 Bedroom unit pn the ground floor one of the bigger 1 beds in the building with a door on the outside walk right out to your large size patio. 529 sq ft inside and 213 sq ft patio. Easy to show

Building Features:

  • Floor Space: 529 Square Feet

Property Features:

  • Bedrooms: 1
  • Bathrooms: 1+0
  • Annual Tax Amount: $999
  • Appliances: Washer/Dryer, Dishwasher, Refrigerator
  • Association Amenities: Exercise Centre, Maintenance Grounds, Sewer, Snow Removal
  • Basement: None
  • Built in: 2024
  • Condo Fees: $255
  • Exterior Features: Playground
  • Fireplace Features: Electric
  • Floor Space (approx): 529 Square Feet
  • Heating: Electric
  • Parking Features: Underground
  • 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

106.1%

Cumulative Market Appreciation

$138,140

Net Operating Income in Year 5

$22,509

Cash on Cash Return in Year 5

-1.7%

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
%
$100,000
Mortgage Amount $400,000
Mortgage Payment
%
$2,075

Cash Flow Calculator

monthly
yearly
Income
Gross Rental Income
Powered By
$
Vacancy Rate
%
$
Other
$
Gross Operating Income $2,264
Operating Expenses
Management Fees
%
$
Property Tax
$
Repair Reserve
%
$
Insurance
$
Condo/Strata Fees
$
Total Operating Expenses $621
Net Operating Income $1,642
Debt Service
Mortgage Payment $2,075
Net Cash Flow -$432

Cap Rate

3.94%

Acquistion Costs

Down Payment $100,000
Land Transfer Tax $8,000
Legal Fees $1,500
Adjustments $0
Appraisal $500
Total Acquisition Costs $110,000

Components of Return

Potential Returns

Year 1Year 2Year 3Year 4Year 5Year 6Year 7Year 8Year 9Year 10
Investments
Down Payment $100,000 - - - - - - - - -
Closing Costs $10,000 - - - - - - - - -
Mortgage Paydown $6,223$6,522$6,836$7,164$7,509$7,870$8,248$8,644$9,060$9,495
Total $116,223$6,522$6,836$7,164$7,509$7,870$8,248$8,644$9,060$9,495
Cash Invested $116,223$122,746$129,582$136,747$144,256$152,126$160,374$169,019$178,079$187,575
Rental Cash Flows
Rent and other income $27,170$27,985$28,825$29,690$30,580$31,498$32,443$33,416$34,419$35,451
Operating Expenses -$7,457-$7,634-$7,815-$8,001-$8,192-$8,387-$8,588-$8,793-$9,003-$9,219
Mortgage Payment -$24,905-$24,905-$24,905-$24,905-$24,905-$24,905-$24,905-$24,905-$24,905-$24,905
Net Cash Flow -$5,191-$4,553-$3,895-$3,216-$2,516-$1,794-$1,049-$281$510$1,327
Returns
Property Price Appreciation $25,000$26,249$27,562$28,940$30,387$31,907$33,502$35,177$36,936$38,783
Mortgage Paydown $6,223$6,522$6,836$7,164$7,509$7,870$8,248$8,644$9,060$9,495
Net Cash Flow -$5,191-$4,553-$3,895-$3,216-$2,516-$1,794-$1,049-$281$510$1,327
Total Return $26,032$28,219$30,503$32,888$35,380$37,982$40,700$43,540$46,507$49,606
Cumulative Return $26,032$54,251$84,754$117,643$153,023$191,005$231,706$275,246$321,754$371,360
Investment Metrics
Cumulative ROI 22.4% 44.2% 65.4% 86.0% 106.1% 125.6% 144.5% 162.8% 180.7% 198.0%
Cash On Cash -4.5% -3.7% -3.0% -2.4% -1.7% -1.2% -0.7% -0.2% 0.3% 0.7%
QuickQuoteTM Powered by RPS

Location of W108-10828 139a Street Street, Surrey, BC, V3R 3E5

Demographic Information of W108-10828 139a Street Street, Surrey, BC, V3R 3E5

Life Stage

Midlife Families

Employment Type

Blue Collar/Primary, Blue Collar/Service Sector

Average Household Income

$106,280.38

Average Number of Children

1.81

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

23.4 %

High school certificate or equivalent

32.09 %

Apprenticeship trade certificate/diploma

6.55 %

College/non-university certificate

13.63 %

University certificate (below bachelor)

2.42 %

University Degree

21.92 %

Commuter

Travel To Work

By Car

75.28 %

By Public Transit

20.21 %

By Walking

1.37 %

By Bicycle

0.15 %

By Other Methods

2.99 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

39.36 %

Houses

60.64 %

Own Vs. Rent