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Investment signal

$279,900

4 20649 EDELWEISS DRIVE

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Beds

Baths

Sqft

—

Year

1988

Type

Single Family

Suite

Investment signal

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Location nearby

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

About this home

220K under assessment! Come and check out BC's best-kept secret and one of the few locations exempt from BC's new short-term rental restrictions (to be verified by each Buyer) This basement entry penthouse suite with log construction and two balconies boasts beautiful views of the mountain and the valley This unit comfortably sleeps 7 people in the bedrooms with plenty of room for a pullout in the living room! With its vaulted ceiling, beautiful Kingsman wood-burning stove, sauna, hot tub, and log construction, this can be your home away from home or a great investment opportunity for those looking to capitalize on the last remaining areas allowing short-term rentals. This location hosts year-round activities such as skiing/snowboarding/tubing/hiking/frisbee-golf/snowshoeing, and more! (id:65958)

Subtype: Single Family
Architectural style: Other, Penthouse
Structure: Apartment
Common interest: Condo/Strata
Living area: 1,054 square feet
Parking: 3 total
Condo/HOA fee: $282.64 monthly
On market: Jan 8, 2026
Status changed: Apr 22, 2026
Annual tax: $1,687.59 (2025)
Photos: 36
MLS#: R3076853
Area: MISSION

Features and systems

Parking

GarageVisitor Parking

Basement

FinishedFullUnknown

Appliances

WasherRefrigeratorStoveDryer

Heating

ElectricPropaneWood

View

Mountain view

Utilities

WaterElectricity

Positive cash flow ~$587/mo at these assumptions

Monthly rent (CAD)Adjust to your local market estimateDown payment (%)Investment props typically 20-25%Mortgage rate (% annual)Default 4.5% — adjust to your rate holdAmortization (years)

Cash on cash

12.59%

Cap rate

7.38%

GRM

9.7

Break-even rent

$1,782

Financing

Down payment$55,980

Loan amount$223,920

Mortgage$1,135/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$128

Insurance$80

Maintenance$233

CapEx reserve$117

Vacancy loss$120

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 $1,135/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 22, 2026.