West Coquitlam - Townhouse - 2br unit + Lock-Off Studio Suite

A great investment property in Coquitlam West

Welcome to Robinsons Parkside Collection! This stunning 2-bed, 3-bath + LEGAL Lock-Off bachelor, townhome offers a spacious 1,152sq. ft. of interior living space. Featuring high-quality finishes, open concept living areas, and an 158 sq.ft. outdoor space. This home is perfect for families or professionals. The lock-off suite provides flexibility for rental income or a home office. Plus, enjoy the convenience of two parking stalls! Located in a vibrant community close to parks, SkyTrain, schools, and shopping. The best part - this home has $127,000 in value added upgrades including AC! Don't miss this opportunity to own in this sought-after development. Completion estimated Feb-Apr 2025. Low 10% deposit required to secure this home.

Listed by Ashley Casali, MacDonald Realty.

LINK TO MLS LISTING

The #'s

Asking Price: 1.099M
GST (5%): $55k.

Anticipated City Taxes: $3,000 ($250/month)
Anticipated Strata Fee: $3,360 ($280 month) 

Revenue: 
2BR suite: $31,200 ($2,600/month)
Studio: $20,400 ($1,700/month)

NOI: $45,240  ($3770/month)

CAP Rate: 3.9%

POSITIVE CASH FLOW ANALYSIS:

Down payment: $437,000 (38%)
Mortgage: $713,000 (4%, 25yrs amortization)

Address: 720 Robinson St, Coquitlam, BC
*640m to Burquitlam Station.