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New buildInvestment signal

$1,489,999

16505 20 AVENUE

Save this home

Beds

7

Baths

5

Sqft

Year

2026

Type

Single Family

Suite

Suite potential

Location nearby

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

About this home

Experience modern luxury in this brand new Grandview Heights duplex! Boasting 7 bedrooms and 5 bathrooms, the main floor features a spacious open-concept family and dining area, spice kitchen, and large patio perfect for entertaining. A main floor bedroom and full bath add flexibility for guests or multi-generational living. Upstairs offers a beautiful primary bedroom with a luxurious ensuite, plus three additional bedrooms. A legal 2-bedroom above-ground suite provides rental income potential. Conveniently located near a future Costco, Morgan Crossing Shopping Center, elementary school, golf course, and US border. (id:65958)

Subtype
Single Family
Architectural style
2 Level, 3 Level
Structure
Duplex
Common interest
Freehold
Living area
3,222 square feet
Lot size
2,403 square feet
Lot dimensions
2403
Parking
3 total
Fireplace
1
On market
Mar 19, 2026
Status changed
Apr 26, 2026
Annual tax
$3,582.02 (2025)
Photos
30
MLS#
R3100979
Area
SURREY

Features and systems

Parking

GarageOpen

Basement

FinishedFullUnknown

Appliances

WasherRefrigeratorDishwasherStoveDryerAlarm SystemCentral Vacuum - Roughed InGarage door opener

Heating

Forced air

Cooling

Air Conditioned

Utilities

WaterNatural GasElectricity

Security

Security systemSmoke Detectors
Negative cash flow ~$1,588/mo at these assumptions

Cash on cash

-6.39%

Cap rate

3.59%

GRM

16.7

Break-even rent

$9,121

Financing

Down payment$298,000
Loan amount$1,191,999
Mortgage$6,040/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$683
Insurance$80
Maintenance$1,242
CapEx reserve$621
Vacancy loss$373

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 $6,040/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 26, 2026.

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