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Royal LePage
Royal LePage
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$830,000

809-159 2nd Avenue W, Vancouver, BC, V5Y 0L8

QuickQuoteTM: $766K - $969K
MLS® # R2977166

2 Beds

1 Bath

725 FEETSQ sqft

Property Information:

Welcome to this 2 BED & DEN corner home in Tower Green at West. This BRIGHT and inviting home features expansive views, separated bedrooms, gourmet kitchen with Fulgar Milano and Blomberg appliances, quartz countertops & breakfast bar. Enjoy this bright and cozy living room, LUXURY BATHROOM w/ dual vanity & large DEN. Exceptional BUILDING AMENITIES NEXT-DOOR include PARTY LOUNGE, MEDIA ROOM, and ROOF TOP TERRACE with BBQ and garden plots. Additional amenities include fully equipped gym & secure parcel lockers. Prime location with a WALKSCORE of 98, the seawall, bike path, cafes, breweries & chic restaurants and SKYTRAIN are just steps away.

Building Features:

  • Floor Space: 725 Square Feet

Property Features:

  • Bedrooms: 2
  • Bathrooms: 1+0
  • Annual Tax Amount: $2,463
  • Appliances: Washer/Dryer, Dishwasher, Refrigerator, Cooktop
  • Association Amenities: Bike Room, Clubhouse, Exercise Centre, Recreation Facilities, Caretaker, Trash, Maintenance Grounds, Gas, Hot Water, Management, Snow Removal, Water
  • Basement: None
  • Built in: 2018
  • Community Features: Shopping Nearby
  • Condo Fees: $499
  • Exterior Features: No Outdoor Area
  • Floor Space (approx): 725 Square Feet
  • Heating: Baseboard, Hot Water
  • Interior Features: Elevator
  • Laundry Features: In Unit
  • Lot Features: Central Location, Marina Nearby, Recreation Nearby
  • Parking Features: Underground, Lane Access
  • 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.

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Potential Investment Performance

Cumulative ROI

60.3%

Cumulative Market Appreciation

$73,878

Net Operating Income in Year 5

$47,150

Cash on Cash Return in Year 5

2.3%

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
%
$166,000
Mortgage Amount $664,000
Mortgage Payment
%
$3,445

Cash Flow Calculator

monthly
yearly
Income
Gross Rental Income
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$
Vacancy Rate
%
$
Other
$
Gross Operating Income $4,680
Operating Expenses
Management Fees
%
$
Property Tax
$
Repair Reserve
%
$
Insurance
$
Condo/Strata Fees
$
Total Operating Expenses $1,236
Net Operating Income $3,443
Debt Service
Mortgage Payment $3,445
Net Cash Flow -$1

Cap Rate

4.98%

Acquistion Costs

Down Payment $166,000
Land Transfer Tax $14,600
Legal Fees $1,500
Adjustments $0
Appraisal $500
Total Acquisition Costs $182,600

Components of Return

Potential Returns

Year 1Year 2Year 3Year 4Year 5Year 6Year 7Year 8Year 9Year 10
Investments
Down Payment $166,000 - - - - - - - - -
Closing Costs $16,600 - - - - - - - - -
Mortgage Paydown $10,331$10,827$11,348$11,893$12,465$13,064$13,692$14,350$15,040$15,762
Total $192,931$10,827$11,348$11,893$12,465$13,064$13,692$14,350$15,040$15,762
Cash Invested $192,931$203,758$215,106$227,000$239,465$252,529$266,222$280,572$295,612$311,375
Rental Cash Flows
Rent and other income $56,167$57,852$59,588$61,376$63,217$65,113$67,067$69,079$71,151$73,286
Operating Expenses -$14,843-$15,197-$15,561-$15,934-$16,316-$16,707-$17,108-$17,520-$17,941-$18,373
Mortgage Payment -$41,342-$41,342-$41,342-$41,342-$41,342-$41,342-$41,342-$41,342-$41,342-$41,342
Net Cash Flow -$17$1,312$2,684$4,099$5,558$7,063$8,615$10,216$11,867$13,569
Returns
Property Price Appreciation $14,276$14,521$14,771$15,025$15,283$15,546$15,814$16,086$16,362$16,644
Mortgage Paydown $10,331$10,827$11,348$11,893$12,465$13,064$13,692$14,350$15,040$15,762
Net Cash Flow -$17$1,312$2,684$4,099$5,558$7,063$8,615$10,216$11,867$13,569
Total Return $24,589$26,661$28,803$31,018$33,307$35,674$38,122$40,653$43,270$45,976
Cumulative Return $24,589$51,250$80,054$111,073$144,380$180,055$218,178$258,831$302,101$348,078
Investment Metrics
Cumulative ROI 12.7% 25.2% 37.2% 48.9% 60.3% 71.3% 82.0% 92.3% 102.2% 111.8%
Cash On Cash - 0.6% 1.2% 1.8% 2.3% 2.8% 3.2% 3.6% 4.0% 4.4%
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Market Price Trends

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Location of 809-159 2nd Avenue W, Vancouver, BC, V5Y 0L8

Demographic Information of 809-159 2nd Avenue W, Vancouver, BC, V5Y 0L8

Life Stage

Young Singles

Employment Type

White Collar

Average Household Income

$164,397.56

Average Number of Children

1.40

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

2.68 %

High school certificate or equivalent

13.47 %

Apprenticeship trade certificate/diploma

3.36 %

College/non-university certificate

15.43 %

University certificate (below bachelor)

4.01 %

University Degree

61.06 %

Commuter

Travel To Work

By Car

52.12 %

By Public Transit

16.66 %

By Walking

20.02 %

By Bicycle

6.2 %

By Other Methods

5.0 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

96.11 %

Houses

3.89 %

Own Vs. Rent

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The property information on this website is derived from Royal LePage listings and the Canadian Real Estate Association's Data Distribution Facility (DDF®). DDF® references real estate listings held by brokerage firms other than Royal LePage and its franchisees. The accuracy of information is not guaranteed and should be independently verified. The trademark DDF® is owned by The Canadian Real Estate Association (CREA) and identifies the REALTOR.ca Data Distribution Facility (DDF®).
*All offices are independently owned and operated. Those offices marked as “Royal LePage® Real Estate Services Ltd., Brokerage”, including its “Johnston & Daniel®” division, “Royal LePage® Credit Valley Real Estate, Brokerage”, “Royal LePage® West Real Estate Services”, “Royal LePage® Sussex”, and “Les Immeubles Mont-Tremblant / Mont-Tremblant Real Estate” are owned and operated by Bridgemarq Real Estate Services®.
The MLS® mark and associated logos identify professional services rendered by REALTOR® members of CREA to effect the purchase, sale and lease of real estate as part of a cooperative selling system.
The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA.

Royal LePage® is a registered Trademark of Royal Bank of Canada and is used under license by Bridgemarq Real Estate Services®.

Bridgemarq® & Design / Bridgemarq Real Estate Services® are registered Trademarks of Residential Income Fund L.P. and are used under licence by Bridgemarq Real Estate Services® Inc.

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.