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Investment signal

$1,299,000

228 PEMBINA STREET

Beds

Baths

Sqft

—

Year

1966

Location

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About this home

Tastefully renovated 5-bedroom family home with a 2-bedroom mortgage helper in the heart of Queensborough. Thoughtfully upgraded and featuring a functional floor plan, this move-in-ready property is ideal for families or buyers looking to offset their mortgage with rental income. The self-contained 2-bedroom suite offers excellent flexibility for extended family or added revenue. Conveniently located just minutes to Queensborough Landing, schools, parks, transit, and highway access. A well-updated home in a central location, priced very well for today's market. Let me know if you'd like more details or to schedule a private showing. (id:65958)

Subtype: Single Family
Architectural style: Basement entry
Structure: House
Common interest: Freehold
Living area: 2,021 square feet
Lot size: 6,515 square feet
Lot dimensions: 6515
Parking: 3 total
Fireplace: 1
On market: Apr 11, 2026
Status changed: Apr 16, 2026
Annual tax: $5,699.38 (2025)
Photos: 36
MLS#: R3110038
Area: NEW_WESTMINSTER

Features and systems

Parking

Carport

Basement

FinishedUnknownUnknown

Appliances

All

Heating

Natural gas

Lot

Central location

Negative cash flow ~$2,500/mo at these assumptions

Monthly rent (CAD)Adjust to your local market estimateDown payment (%)Investment props typically 20-25%Mortgage rate (% annual)2026 default 5.49% — adjust to your rate holdAmortization (years)

Cash on cash

-11.55%

Cap rate

3.58%

GRM

16.7

Break-even rent

$9,131

Financing

Down payment$259,800

Loan amount$1,039,200

Mortgage$6,375/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$595

Insurance$80

Maintenance$1,083

CapEx reserve$541

Vacancy loss$325

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 New Westminster. The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.

Mortgage estimate

Estimated $6,375/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 17, 2026.