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$535,000

205-1785 Esquimalt Avenue, West Vancouver, BC, V7V 1R7

QuickQuoteTM: $573K - $684K
MLS® # R2976066

1 Beds

1 Bath

575 FEETSQ sqft

Property Information:

Best priced 1 bedroom condo unit in concrete highly desirable area in the heart of Ambleside. Newer flooring, updated kitchen, second floor corner unit with privacy and treed outlook. The Shalimar building is located at end of cul-de-sac and nestled by private creek side setting. Just short walk to Transportation, stores, rec center, Sea Wall, Doctors offices, pharmacy and amenities.

Building Features:

  • Floor Space: 575 Square Feet

Property Features:

  • Bedrooms: 1
  • Bathrooms: 1
  • Annual Tax Amount: $1,451
  • Appliances: Refrigerator, Cooktop
  • Association Amenities: Bike Room, Trash, Heat, Hot Water, Management, Sewer, Water
  • Basement: Partial
  • Built in: 1963
  • Community Features: Shopping Nearby
  • Condo Fees: $450
  • Exterior Features: Garden, Balcony
  • Floor Space (approx): 575 Square Feet
  • Heating: Baseboard, Hot Water
  • Interior Features: Elevator, Storage
  • Laundry Features: Common Area
  • Lot Features: Central Location, Cul-De-Sac, Greenbelt, Private, Recreation Nearby
  • Lot Frontage: 0 Feet
  • Other Structures: Workshop Detached
  • Parking Features: Carport Multiple
  • Structure Type: Multi Family, Residential Attached
  • Window Features: Window Coverings

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

107.4%

Cumulative Market Appreciation

$101,333

Net Operating Income in Year 5

$34,479

Cash on Cash Return in Year 5

5.0%

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
%
$107,000
Mortgage Amount $428,000
Mortgage Payment
%
$2,220

Cash Flow Calculator

monthly
yearly
Income
Gross Rental Income
Powered By
$
Vacancy Rate
%
$
Other
$
Gross Operating Income $3,496
Operating Expenses
Management Fees
%
$
Property Tax
$
Repair Reserve
%
$
Insurance
$
Condo/Strata Fees
$
Total Operating Expenses $981
Net Operating Income $2,515
Debt Service
Mortgage Payment $2,220
Net Cash Flow $294

Cap Rate

5.64%

Acquistion Costs

Down Payment $107,000
Land Transfer Tax $8,700
Legal Fees $1,500
Adjustments $0
Appraisal $500
Total Acquisition Costs $117,700

Components of Return

Potential Returns

Year 1Year 2Year 3Year 4Year 5Year 6Year 7Year 8Year 9Year 10
Investments
Down Payment $107,000 - - - - - - - - -
Closing Costs $10,700 - - - - - - - - -
Mortgage Paydown $6,659$6,979$7,314$7,666$8,034$8,420$8,825$9,249$9,694$10,160
Total $124,359$6,979$7,314$7,666$8,034$8,420$8,825$9,249$9,694$10,160
Cash Invested $124,359$131,338$138,653$146,319$154,354$162,775$171,600$180,850$190,545$200,705
Rental Cash Flows
Rent and other income $41,958$43,217$44,513$45,849$47,224$48,641$50,100$51,603$53,152$54,746
Operating Expenses -$11,774-$12,053-$12,339-$12,631-$12,931-$13,239-$13,553-$13,876-$14,207-$14,546
Mortgage Payment -$26,648-$26,648-$26,648-$26,648-$26,648-$26,648-$26,648-$26,648-$26,648-$26,648
Net Cash Flow $3,535$4,515$5,526$6,569$7,644$8,754$9,898$11,078$12,296$13,551
Returns
Property Price Appreciation $18,885$19,552$20,242$20,956$21,696$22,462$23,255$24,076$24,926$25,806
Mortgage Paydown $6,659$6,979$7,314$7,666$8,034$8,420$8,825$9,249$9,694$10,160
Net Cash Flow $3,535$4,515$5,526$6,569$7,644$8,754$9,898$11,078$12,296$13,551
Total Return $29,080$31,046$33,083$35,192$37,376$39,637$41,979$44,405$46,916$49,518
Cumulative Return $29,080$60,127$93,210$128,402$165,778$205,416$247,396$291,801$338,718$388,236
Investment Metrics
Cumulative ROI 23.4% 45.8% 67.2% 87.8% 107.4% 126.2% 144.2% 161.3% 177.8% 193.4%
Cash On Cash 2.8% 3.4% 4.0% 4.5% 5.0% 5.4% 5.8% 6.1% 6.5% 6.8%
QuickQuoteTM Powered by RPS

Location of 205-1785 Esquimalt Avenue, West Vancouver, BC, V7V 1R7

Demographic Information of 205-1785 Esquimalt Avenue, West Vancouver, BC, V7V 1R7

Life Stage

Later Years

Employment Type

Service Sector/White Collar

Average Household Income

$150,603.95

Average Number of Children

1.38

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

7.57 %

High school certificate or equivalent

25.77 %

Apprenticeship trade certificate/diploma

4.75 %

College/non-university certificate

18.4 %

University certificate (below bachelor)

3.36 %

University Degree

40.14 %

Commuter

Travel To Work

By Car

59.9 %

By Public Transit

19.86 %

By Walking

16.45 %

By Bicycle

1.22 %

By Other Methods

2.57 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

78.54 %

Houses

21.46 %

Own Vs. Rent