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Investment signal

$325,000

705 1090 Johnson St

Beds

0

Baths

1

Sqft

Year

2013

Location

See the block, not just the house.

Open the map for street view, commute checks, and nearby schools, groceries, mosques, parks, and transit stops.

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About this home

Welcome to this impressive and modern studio condo in a popular steel and concrete building. ''The Mondrian'' is conveniently located within walking distance to the Downtown Core, Cook St. village, multiple cafes and restaurants, transportation, the ocean and all of your day to day amenities. This unit has an efficient layout for those who live a minimal lifestyle. You will love the chic and modern fully equipped kitchen with stainless steel appliances, quartz countertops and cabinets with slow close drawers. This unit features over height smooth finished ceilings, quality laminate floors, in-suite laundry, 4pc bathroom with soaker tub, separate storage and has access to secure bike storage and an on-site caretaker. This building allows rentals, there are no age restrictions plus BBQ's and pets are allowed (see bylaws for details). This could be your new cozy urban home, your alternative ''working from home'' office oasis or a fantastic affordable investment property! Call now to view! (id:65958)

Subtype
Single Family
Structure
Apartment
Community
Downtown
Common interest
Condo/Strata
Living area
400 square feet
Lot size
400 square feet
Lot dimensions
400
Condo/HOA fee
$294 monthly
On market
Mar 8, 2026
Status changed
Apr 16, 2026
Annual tax
$1,736
Zoning
Multi-Family
Photos
17
MLS#
1028135
Area
VICTORIA

Features and systems

Appliances

WasherRefrigeratorDishwasherStoveDryerMicrowave

Heating

Baseboard heatersElectric

Cooling

None

Lot

Other

Community

Family OrientedPets Allowed

View

City viewMountain view
Negative cash flow ~$687/mo at these assumptions

Cash on cash

-12.67%

Cap rate

3.35%

GRM

16.7

Break-even rent

$2,348

Financing

Down payment$65,000
Loan amount$260,000
Mortgage$1,595/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$149
Insurance$80
Maintenance$271
CapEx reserve$135
Vacancy loss$81

Estimates only. Actual cash flow depends on financing terms, condition reports, current market rents, property tax assessment, condo fees, and tenant quality. Defaults: 5% vacancy, 1%/yr maintenance, 0.5%/yr CapEx reserve, $80/mo insurance. Property tax estimated at 0.55%/yr where not provided. Talk to a mortgage broker before relying on these numbers.

Lifestyle nearby

Nearby school, halal, mosque, grocery, park, and transit layers are still being built for Victoria. The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.

Mortgage estimate

Estimated $1,595/mo at 5.49% with 20% down, 25-yr amortization.Estimate only — actual payment varies by qualification + insurance.

Listing brokerage

Listing brokerage on file

Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated Apr 16, 2026.

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