$1,999,968
3370 VIEWMOUNT DRIVE
Beds
6
Baths
3
Sqft
—
Year
1979
About this home
Large family home on a private corner lot with an assembled Development Application for a 12 storey condo building with townhomes at the base for over 200 units. Strategically located within a Transit-Oriented Development (TOD) area, this property offers an opportunity to acquire a 3-lot land assembly with hundreds of thousands of dollars spent towards the project. The home was extensively updated in 2010. Currently tenant-occupied, providing attractive rental income with a full 3 bedroom rental up, and a full 3 bedroom rental down. Conveniently situated with easy access to transit and (400m) SkyTrain stations, nearby shops, recreational facilities, and restaurants. Once approved, this development land would potentially be worth more than double the asking price! (id:65958)
- Subtype
- Single Family
- Lot size
- 8,634 square feet
- MLS#
- R3072414
- Area
- PORT_MOODY
Cash on cash
-11.44%
Cap rate
3.60%
GRM
16.7
Break-even rent
$14,013
Financing
Operating expenses (monthly)
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.
Mortgage estimate
Listing brokerage
Listing brokerage on file
Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated Apr 13, 2026.