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Investment signal

$1,870,000

1320 TENTH AVENUE

Save this home

Beds

7

Baths

3

Sqft

Year

1928

Type

Single Family

Suite

Investment signal

Location nearby

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

About this home

Welcome to this exceptional corner-lot Character home in the desirable West End of New Westminster! This rare 7-bedroom property offers a thoughtfully designed layout that perfectly balances comfortable family living with outstanding income potential. The main residence provides spacious and functional living areas, while the home features two separate-entry suites for maximum flexibility. The basement includes a 3-bedroom rental suite, ideal for strong, consistent income. In addition, the upper level offers a 2-bedroom licensed Airbnb suite, creating an excellent opportunity for short-term rental revenue. Whether you're an investor or a homeowner looking to offset your mortgage, this unique property delivers impressive cash flow without compromising on lifestyle. (id:65958)

Subtype
Single Family
Architectural style
2 Level
Structure
House
Common interest
Freehold
Living area
2,724 square feet
Lot size
4,118.13 square feet
Lot dimensions
4118.13
Parking
1 total
Fireplace
1
On market
Apr 14, 2026
Status changed
Apr 27, 2026
Annual tax
$5,786.67 (2025)
Photos
30
MLS#
R3110813
Area
NEW_WESTMINSTER

Features and systems

Basement

FinishedUnknownUnknown

Appliances

All

Heating

Baseboard heatersElectric
Negative cash flow ~$1,972/mo at these assumptions

Cash on cash

-6.33%

Cap rate

3.60%

GRM

16.7

Break-even rent

$11,426

Financing

Down payment$374,000
Loan amount$1,496,000
Mortgage$7,580/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$857
Insurance$80
Maintenance$1,558
CapEx reserve$779
Vacancy loss$468

Estimates only. Actual cash flow depends on financing terms, condition reports, current market rents, property tax assessment, condo fees, and tenant quality. Defaults: 4.5% rate, 30-year amortization, 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.

Mortgage estimate

Estimated $7,580/mo at 4.5% with 20% down, 30-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 27, 2026.

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