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Legal suite

$1,899,000

215 MABEL STREET

Save this home

Beds

6

Baths

6

Sqft

Year

2021

Type

Single Family

Suite

Legal suite

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 Queensborough, New Westminster! This spacious 2,995 sq. ft. home offers 6 bedrooms and 6 bathrooms with a modern open-concept layout. Includes a 2-bedroom legal suite that could generate $2,700/month - perfect as a mortgage helper! Huge detached garage with parking for 2 and plenty of street parking for tenants. Conveniently close to schools, shopping, fitness centre, and casino. Covered by 2-5-10 Home Warranty. Don´t miss this opportunity - book your private showing today! (id:65958)

Subtype
Single Family
Architectural style
2 Level
Structure
House
Common interest
Freehold
Living area
2,995 square feet
Lot size
4,861 square feet
Lot dimensions
4861
Parking
4 total
On market
Apr 21, 2026
Status changed
Apr 21, 2026
Annual tax
$7,100.23 (2025)
Photos
40
MLS#
R3113332
Area
NEW_WESTMINSTER

Features and systems

Parking

Detached Garage

Basement

UnfinishedCrawl spaceUnknown

Heating

Radiant heat
Negative cash flow ~$192/mo at these assumptions

Cash on cash

-0.61%

Cap rate

4.74%

GRM

13.9

Break-even rent

$11,602

Financing

Down payment$379,800
Loan amount$1,519,200
Mortgage$7,698/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$870
Insurance$80
Maintenance$1,583
CapEx reserve$791
Vacancy loss$570

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 $7,698/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 21, 2026.

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