This is a good investment property for someone looking for a great cash flowing property and one with potential appreciation - a hard combo to find! With two suites, this property will cash flow approx. $420/month and this includes a vacancy allowance and repairs and maintenance allowance. Chilliwack is a rapidly growing community for young families. It is nestled in farmland and surrounded by scenic mountains. Businesses are also starting to move into the Chilliwack area as it offers an abundant supply of affordable housing for employees. In recent years it has seen the relocation of Ritchie Brothers and Molsons - more are sure to follow. We really like what Chilliwack has to offer for investors.
Click Here to View Listings
I like this property for lots of reasons. I feel that this area in Vancouver is currently undervalued. Most areas of Vancouver are selling for $1,100-$1,200/sqft. Collingwood is selling for approx. $850/sqft. I think this little pocket of Vancouver will see some good appreciation that will outperform the rest of the market, in the next 18 months or so. I also like the fact that it is 5 min to downtown and right on the skytrain line. At current market rents this property cash flows - a rare find in Vancouver with only 30% down!
Click Here to View Listings
2429 152 St #100, Surrey, BC
V4P 1N4