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$767,900

2.0 Beds

1 Bath

747 sqft

Reign - c_north
6280 Willingdon Ave Unit 215

Burnaby BC, V5H 2V3

MLS® # PB871-C_NORTH
C_North - Reign by Wesgroup Properties

Property Features:

  • Bedrooms: 2.0
  • Bathrooms: 1.0
  • Floor Space (approx): 747

This listing content provided by Brokers PlaybookTM

Potential Investment Performance

Cumulative ROI

96.8%

Cumulative Market Appreciation

$212,156

Net Operating Income in Year 5

$15,080

Cash on Cash Return in Year 5

-13.3%

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
%
$153,580
Mortgage Amount $614,320
Mortgage Payment
%
$3,187

Cash Flow Calculator

monthly
yearly
Income
Gross Rental Income
Powered By
$
Vacancy Rate
%
$
Other
$
Gross Operating Income $1,820
Operating Expenses
Management Fees
%
$
Property Tax
$
Repair Reserve
%
$
Insurance
$
Condo/Strata Fees
$
Total Operating Expenses $829
Net Operating Income $991
Debt Service
Mortgage Payment $3,187
Net Cash Flow -$2,196

Acquistion Costs

Deposit $115,185
Land Transfer Tax $13,358
Legal Fees $1,500
Adjustments $0
Development Charges $15,000
Down Payment Balance $38,395
Total Acquisition Costs $183,438

Deposit Schedule

With the Offer $10,000
Deposit @ 7 days $28,395
Deposit @ 120 days $38,395
Deposit @ 365 days $38,395
Total Deposit $115,185
Closing Date Dec 1, 2028

Components of Return

Potential Returns

Year 1Year 2Year 3Year 4Year 5Year 6Year 7Year 8Year 9Year 10
Investments
Deposits $76,790$38,395 - - - - - - - -
Closing Costs - - - $68,253 - - - - - -
Mortgage Paydown - - - $3,136$9,708$10,175$10,664$11,177$11,714$12,277
Total $76,790$38,395$0$71,389$9,708$10,175$10,664$11,177$11,714$12,277
Cash Invested $76,790$115,185$115,185$186,574$196,283$206,458$217,123$228,300$240,014$252,292
Rental Cash Flows
Rent and other income - - - $7,283$22,162$23,115$24,109$25,146$26,227$27,355
Operating Expenses - - - -$3,318-$10,038-$10,285-$10,540-$10,802-$11,072-$11,349
Mortgage Payment - - - -$12,749-$38,249-$38,249-$38,249-$38,249-$38,249-$38,249
Net Cash Flow - - - -$8,785-$26,124-$25,419-$24,680-$23,905-$23,093-$22,242
Returns
Property Price Appreciation $38,395$40,314$42,330$44,447$46,669$49,002$51,452$54,025$56,726$59,563
Mortgage Paydown - - - $3,136$9,708$10,175$10,664$11,177$11,714$12,277
Net Cash Flow - - - -$8,785-$26,124-$25,419-$24,680-$23,905-$23,093-$22,242
Total Return $38,395$40,314$42,330$38,798$30,253$33,759$37,437$41,297$45,347$49,597
Cumulative Return $38,395$78,709$121,040$159,838$190,092$223,851$261,288$302,585$347,933$397,531
Investment Metrics
Cumulative ROI 50.0% 68.3% 105.1% 85.7% 96.8% 108.4% 120.3% 132.5% 145.0% 157.6%
Cash On Cash - - - -4.7% -13.3% -12.3% -11.4% -10.5% -9.6% -8.8%

Location of c_north-6280 Willingdon Ave Unit 215, Burnaby, BC, V5H 2V3

Demographic Information of c_north-6280 Willingdon Ave Unit 215, Burnaby, BC, V5H 2V3

Life Stage

Young Singles

Employment Type

Service Sector

Average Household Income

$93,257.31

Average Number of Children

1.36

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

8.54 %

High school certificate or equivalent

23.0 %

Apprenticeship trade certificate/diploma

4.12 %

College/non-university certificate

13.29 %

University certificate (below bachelor)

3.51 %

University Degree

47.54 %

Commuter

Travel To Work

By Car

52.22 %

By Public Transit

32.79 %

By Walking

9.76 %

By Bicycle

0.44 %

By Other Methods

4.79 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

99.07 %

Houses

Own Vs. Rent