No photos available
Investment signal

$574,900

506 1201 Henry Rd

Beds

3

Baths

2

Sqft

Year

1995

Location

See the block, not just the house.

Open the map for street view, commute checks, and nearby schools, groceries, mosques, parks, and transit stops.

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About this home

Top-Floor, Fully Renovated 3-Bed, 2-Bath Condo at Paradise Ridge, Mt. Washington — Mountain Views & Resort-Style Amenities Welcome to your mountain escape! This top-floor freehol 3-bedroom, 2-bathroom condo in the sought-after Paradise Ridge complex at Mt. Washington offers the perfect blend of comfort and adventure. Enjoy sweeping mountain views from your private perch, with access to year-round amenities including a heated outdoor pool, hot tub, and sauna. Inside, every detail has been thoughtfully upgraded: brand-new vinyl floors, cozy heated tile flooring, and new efficient baseboard heaters throughout. The modern kitchen shines with new cabinets, granite countertops, and stainless steel appliances. Fresh paint, new lighting, window blinds, curtains, and a stunning new fireplace and surround complete the fresh, contemporary feel. Added conveniences include underground parking, ski and bike storage, and the bonus of no GST! Whether you’re looking for a weekend getaway, full-time residence, or investment property, this move-in-ready condo delivers mountain living at its finest. (id:65958)

Subtype
Single Family
Structure
Apartment
Community
PARADISE RIDGE
Common interest
Condo/Strata
Living area
1,094 square feet
Parking
1 total
Condo/HOA fee
$862.3 monthly
Fireplace
1
On market
Apr 15, 2025
Status changed
Apr 16, 2026
Annual tax
$2,108
Zoning
Multi-Family
Photos
32
MLS#
995191
Area
COURTENAY

Features and systems

Parking

Underground

Appliances

WasherRefrigeratorStoveDryer

Heating

Baseboard heatersElectric

Cooling

See Remarks

Lot

Central locationPark settingOther

Community

Family OrientedPets Allowed With Restrictions

View

Mountain view

Pool

Outdoor pool
Negative cash flow ~$1,152/mo at these assumptions

Cash on cash

-12.03%

Cap rate

3.48%

GRM

16.7

Break-even rent

$4,088

Financing

Down payment$114,980
Loan amount$459,920
Mortgage$2,822/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$263
Insurance$80
Maintenance$479
CapEx reserve$240
Vacancy loss$144

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

Mortgage estimate

Estimated $2,822/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 16, 2026.

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