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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
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