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Investment signal

$679,900

118 2477 KELLY AVENUE

Beds

Baths

Sqft

—

Year

2008

Location

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About this home

Welcome to your new home! This ideally situated, immaculate ground floor 2 bedroom 2 bathroom unit with private entrance is the perfect starter, downsizer or investment property! Recent upgrades include laminate flooring throughout, granite counters, lighting, and fireplace surround, custom dining room wall feature, paint and more! The ground floor location offers a huge gated balcony with private street entrance just half a block to the newly refurbished Gates Park and all the shopping, recreation, restaurants and transit Downtown Port Coquitlam has to offer. Comes with 1 underground parking spot plus gym and a theatre room! Excellent quality building, very well run strata, everything you need in one convenient location! Book your private showing today! (id:65958)

Subtype: Single Family
Structure: Apartment
Common interest: Condo/Strata
Living area: 980 square feet
Lot dimensions: 0
Parking: 1 total
Condo/HOA fee: $509.87 monthly
On market: Mar 17, 2026
Status changed: Apr 19, 2026
Annual tax: $2,353.21 (2025)
Photos: 22
MLS#: R3100897
Area: PORT_COQUITLAM

Features and systems

Parking

Underground

Appliances

All

Heating

Baseboard heatersElectric

Lot

Central locationElevatorWheelchair access

Community

Pets Allowed With Restrictions

Security

Sprinkler System-Fire

Negative cash flow ~$1,348/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

-11.90%

Cap rate

3.51%

GRM

16.7

Break-even rent

$4,819

Financing

Down payment$135,980

Loan amount$543,920

Mortgage$3,337/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$312

Insurance$80

Maintenance$567

CapEx reserve$283

Vacancy loss$170

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

Mortgage estimate

Estimated $3,337/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 19, 2026.