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Legal suite

$1,290,000

1256 53A STREET

Beds

Baths

Sqft

—

Year

1969

Location

See the block, not just the house.

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About this home

Opportunity awaits in Tsawwassen Central! This beautifully updated 4-bedroom, 3-bathroom home sits on a spacious 16,340 sq. ft. lot and includes a legal one-bedroom suite - a perfect mortgage helper. Recent upgrades feature a durable metal roof, a triple-wide driveway, a 15´x30´ shed, a high-efficiency furnace, and an on-demand hot water system. Enjoy new flooring, updated countertops, and more! Conveniently located within a 10-minute walk to the town center, public transit, and Cliff Drive Elementary School. Downstair unit is a LEGAL secondary suite. Permit attached in the document page. Motivated Seller. Offers will be accepted any time. (id:65958)

Subtype: Single Family
Architectural style: 2 Level
Structure: House
Common interest: Freehold
Living area: 2,166 square feet
Lot size: 16,340 square feet
Lot dimensions: 16340
Parking: 6 total
Fireplace: 1
On market: Jan 28, 2026
Status changed: Apr 18, 2026
Annual tax: $4,813.33 (2025)
Photos: 28
MLS#: R3084303
Area: DELTA

Features and systems

Appliances

All

Heating

Forced airNatural gas

Lot

Central locationPrivate setting

Negative cash flow ~$1,252/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

-5.83%

Cap rate

4.72%

GRM

13.9

Break-even rent

$9,068

Financing

Down payment$258,000

Loan amount$1,032,000

Mortgage$6,331/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$591

Insurance$80

Maintenance$1,075

CapEx reserve$538

Vacancy loss$388

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

Mortgage estimate

Estimated $6,331/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 18, 2026.