No photos available
Investment signal

$1,499,000

1 122 EIGHTH AVENUE

Beds

4

Baths

4

Sqft

Year

2024

About this home

The best Duplex in town! Only 1 remaining brand new home in GlenBrooke North which has everything you need: high ceilings, privacy, ample sunshine, A/C, HRV, radiant floor heating & security cameras. Open kitchen features a 5 burner gas stove, waterfall kitchen island, s/s appliances, garburator for convenience, and a modern family room overlooking the open patio with BBQ gas connection and big backyard. The spacious living and dining areas have a 60" fireplace whilst the luxurious powder room feels like a 5 star hotel. Upstairs, there are 3 bedrooms with ensuites. Below has a potential 2 bedroom suite with bath & separate entry, a great mortgage helper or can be used as a flex space for storage, home office, or gym. Level 2 EV ready carport. Walking distance to all levels of school. OPEN HOUSE SAT APR 18 2:00 - 4:00 PM (id:65958)

Subtype
Single Family
Architectural style
2 Level
Lot size
6,672 square feet
MLS#
R3079949
Area
NEW_WESTMINSTER
Negative cash flow ~$2,873/mo at these assumptions

Cash on cash

-11.50%

Cap rate

3.59%

GRM

16.7

Break-even rent

$10,524

Financing

Down payment$299,800
Loan amount$1,199,200
Mortgage$7,357/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$687
Insurance$80
Maintenance$1,249
CapEx reserve$625
Vacancy loss$375

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

Estimated $7,357/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.

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