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$4,990,000

3 Beds

3 Baths

3393 sqft

penthouse_2-2452 Marine Dr, West Vancouver, BC, V7V 1L1

West Vancouver BC, V7V 1L1

MLS® # PB708-PENTHOUSE_2
Penthouse_2 - Pierwell by Brimming Development

Property Features:

  • Bedrooms: 3.0
  • Bathrooms: 3.0
  • Floor Space (approx): 3393

This listing content provided by Brokers PlaybookTM

Potential Investment Performance

Cumulative ROI

83.1%

Cumulative Market Appreciation

$1,378,644

Net Operating Income in Year 5

$88,319

Cash on Cash Return in Year 5

-12.9%

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
%
$998,000
Mortgage Amount $3,992,000
Mortgage Payment
%
$20,712

Cash Flow Calculator

monthly
yearly
Income
Gross Rental Income
Powered By
$
Vacancy Rate
%
$
Other
$
Gross Operating Income $9,873
Operating Expenses
Management Fees
%
$
Property Tax
$
Repair Reserve
%
$
Insurance
$
Condo/Strata Fees
$
Total Operating Expenses $3,995
Net Operating Income $5,878
Debt Service
Mortgage Payment $20,712
Net Cash Flow -$14,834

Acquistion Costs

Deposit $998,000
Land Transfer Tax $167,500
Legal Fees $1,500
Adjustments $0
Development Charges $15,000
Down Payment Balance $0
Total Acquisition Costs $1,182,000

Deposit Schedule

With the Offer $0
Deposit @ 90 days $249,500
Deposit @ 90 days $249,500
Deposit @ 90 days $249,500
Total Deposit $998,000
Closing Date Dec 1, 2027

Components of Return

Potential Returns

Year 1Year 2Year 3Year 4Year 5Year 6Year 7Year 8Year 9Year 10
Investments
Deposits $998,000 - - - - - - - - -
Closing Costs - - $184,000 - - - - - - -
Mortgage Paydown - - $25,525$63,338$66,382$69,572$72,916$76,421$80,094$83,944
Total $998,000$0$209,525$63,338$66,382$69,572$72,916$76,421$80,094$83,944
Cash Invested $998,000$998,000$1,207,525$1,270,863$1,337,246$1,406,819$1,479,735$1,556,157$1,636,252$1,720,196
Rental Cash Flows
Rent and other income - - $49,368$120,606$125,792$131,201$136,843$142,727$148,864$155,265
Operating Expenses - - -$19,976-$48,448-$49,675-$50,937-$52,235-$53,572-$54,948-$56,365
Mortgage Payment - - -$103,564-$248,553-$248,553-$248,553-$248,553-$248,553-$248,553-$248,553
Net Cash Flow - - -$74,172-$176,396-$172,436-$168,289-$163,946-$159,398-$154,637-$149,653
Returns
Property Price Appreciation $249,500$261,974$275,073$288,827$303,268$318,432$334,353$351,071$368,625$387,056
Mortgage Paydown - - $25,525$63,338$66,382$69,572$72,916$76,421$80,094$83,944
Net Cash Flow - - -$74,172-$176,396-$172,436-$168,289-$163,946-$159,398-$154,637-$149,653
Total Return $249,500$261,974$226,426$175,769$197,214$219,715$243,324$268,094$294,082$321,347
Cumulative Return $249,500$511,475$737,901$913,671$1,110,885$1,330,601$1,573,925$1,842,019$2,136,101$2,457,449
Investment Metrics
Cumulative ROI 25.0% 51.3% 61.1% 71.9% 83.1% 94.6% 106.4% 118.4% 130.5% 142.9%
Cash On Cash - - -6.1% -13.9% -12.9% -12.0% -11.1% -10.2% -9.5% -8.7%

Location of penthouse_2-2452 Marine Dr, West Vancouver, BC, V7V 1L1

Demographic Information of penthouse_2-2452 Marine Dr, West Vancouver, BC, V7V 1L1

Life Stage

Middle-Aged with Teens

Employment Type

White Collar

Average Household Income

$227,667.27

Average Number of Children

1.58

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

6.6 %

High school certificate or equivalent

26.66 %

Apprenticeship trade certificate/diploma

4.97 %

College/non-university certificate

10.88 %

University certificate (below bachelor)

3.22 %

University Degree

47.67 %

Commuter

Travel To Work

By Car

71.3 %

By Public Transit

10.46 %

By Walking

2.11 %

By Bicycle

0.55 %

By Other Methods

15.58 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

34.19 %

Houses

65.81 %

Own Vs. Rent