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British Columbia
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302-2435 Kingsway

$649,900

302-2435 Kingsway, Vancouver, BC, V5R 5G8

QuickQuote^TM: $687K - $821K

MLS® # R2973656

2 Beds

1 Bath

624 FEETSQ sqft

Property Information:

Welcome to WINDSOR by Imani, a concrete-built residence in the heart of Collingwood. This 1-bed+junior bed 1 bath layout is perfect for first-time buyers and investors! Situated in the quieter side of the building, this home offers a peaceful retreat while being steps away from all conveniences of city living. Kitchen boasts soft-close cabinetry, stainless steel sink, sleek quartz countertops, complemented by premium appliances including Bosch gas range & oven, Blomberg fridge, Whirlpool washer/dryer. Designed for comfort and accessibility, the building is wheelchair-friendly and features excellent amenities such as a gym and club lounge. 1 Parking 1 in-suite storage. With a high walk score, you're steps from shopping, dining and transit. Easy access to UBC and SFU (approx. 30 mins).

Building Features:

Floor Space: 624 Square Feet

Property Features:

Bedrooms: 2
Bathrooms: 1+0
Annual Tax Amount: $1,890
Accessibility Features: Wheelchair Access
Appliances: Washer/Dryer, Dishwasher, Refrigerator, Cooktop
Association Amenities: Bike Room, Clubhouse, Exercise Centre, Trash, Maintenance Grounds, Gas, Management, Snow Removal
Basement: None
Built in: 2021
Community Features: Shopping Nearby
Condo Fees: $412
Cooling: Central Air, Air Conditioning
Exterior Features: No Outdoor Area
Floor Space (approx): 624 Square Feet
Heating: Forced Air
Interior Features: Elevator, Storage
Laundry Features: In Unit
Lot Features: Central Location, Near Golf Course, Lane Access, Recreation Nearby
Other Equipment: Intercom
Parking Features: Garage Single, Underground, Guest, Lane Access, Rear Access, Garage Door Opener
Security Features: Smoke Detector(s), Fire Sprinkler System
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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Potential Investment Performance

Cumulative ROI

74.1%

Cumulative Market Appreciation

$95,137

Net Operating Income in Year 5

$34,483

Cash on Cash Return in Year 5

1.0%

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 %	$129,980
Mortgage Amount	$519,920
Mortgage Payment %	$2,697

Cash Flow Calculator

monthly

yearly

Income
Gross Rental Income Powered By	$
Vacancy Rate %	$
Other	$
Gross Operating Income	$3,495

Operating Expenses
Management Fees %	$
Property Tax	$
Repair Reserve %	$
Insurance	$
Condo/Strata Fees	$
Total Operating Expenses	$980
Net Operating Income	$2,515

Debt Service
Mortgage Payment	$2,697

Net Cash Flow	-$181

Cap Rate

4.65%

Acquistion Costs

Down Payment $129,980

Land Transfer Tax $10,998

Legal Fees $1,500

Adjustments $0

Appraisal $500

Total Acquisition Costs $142,978

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	$129,980	-	-	-	-	-	-	-	-	-
Closing Costs	$12,998	-	-	-	-	-	-	-	-	-
Mortgage Paydown	$8,089	$8,478	$8,885	$9,312	$9,760	$10,229	$10,721	$11,236	$11,776	$12,342
Total	$151,067	$8,478	$8,885	$9,312	$9,760	$10,229	$10,721	$11,236	$11,776	$12,342
Cash Invested	$151,067	$159,545	$168,431	$177,744	$187,504	$197,733	$208,455	$219,691	$231,468	$243,810

Rental Cash Flows
Rent and other income	$41,950	$43,208	$44,504	$45,840	$47,215	$48,631	$50,090	$51,593	$53,141	$54,735
Operating Expenses	-$11,762	-$12,040	-$12,325	-$12,618	-$12,917	-$13,225	-$13,539	-$13,862	-$14,192	-$14,531
Mortgage Payment	-$32,371	-$32,371	-$32,371	-$32,371	-$32,371	-$32,371	-$32,371	-$32,371	-$32,371	-$32,371
Net Cash Flow	-$2,183	-$1,203	-$192	$849	$1,925	$3,034	$4,179	$5,359	$6,576	$7,832

Returns
Property Price Appreciation	$18,002	$18,500	$19,013	$19,540	$20,081	$20,637	$21,209	$21,796	$22,400	$23,020
Mortgage Paydown	$8,089	$8,478	$8,885	$9,312	$9,760	$10,229	$10,721	$11,236	$11,776	$12,342
Net Cash Flow	-$2,183	-$1,203	-$192	$849	$1,925	$3,034	$4,179	$5,359	$6,576	$7,832
Total Return	$23,907	$25,775	$27,706	$29,702	$31,767	$33,902	$36,109	$38,392	$40,753	$43,196
Cumulative Return	$23,907	$49,683	$77,389	$107,092	$138,859	$172,761	$208,871	$247,263	$288,017	$331,214

Investment Metrics
Cumulative ROI	15.8%	31.1%	45.9%	60.3%	74.1%	87.4%	100.2%	112.6%	124.4%	135.8%
Cash On Cash	-1.4%	-0.8%	-0.1%	0.5%	1.0%	1.5%	2.0%	2.4%	2.8%	3.2%