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For new mortgages, if the downpayment or equity is less then 20% of the purchase price, the amortization cannot exceed 25 years and the maximum purchase price must be less than $1,000,000.
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12617 113 Avenue, Surrey
MLS®: R2863132
2652
Sq.Ft.
4
Baths
8
Beds
8,063
Lot SqFt
1994
Built
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Description
This property boasts 8 bedrooms and 4 bathrooms on a spacious 8000+ sq ft rectangular lot, constructed in 1994 with recent updates including new flooring and lighting. It features two separate entrance 2-bedroom suites, providing excellent mortgage helper opportunities. Currently, one suite is rented for $1800/month and the other for $1900/mo. The upstairs unit is rented for $3000/month. In total, the property has the potential to generate over $67000 in monthly income. The location is convenient, with a 5-minute walk to transit and skytrain, as well as easy access to highways. The sizeable lot adds further value to this investment.
Taxes (2023): $5,285.13
Amenities
None
Features
ClthWsh
Dryr
Frdg
Stve
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Listed By: Royal LePage Fairstone Realty.
Disclaimer: Listing data is based in whole or in part on data generated by the Real Estate Board of Greater Vancouver and Fraser Valley Real Estate Board which assumes no responsibility for its accuracy.