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Legal suite

$1,389,000

504/505 3438 SAWMILL CRESCENT

Beds

3

Baths

3

Sqft

Year

2022

About this home

This rare 3 bedroom plus den, 3 bathroom home combines a 2 bedroom plus den residence with a separate LOCK-OFF LEGAL SUITE, each with its own private entrance (Unit #504: 427 square ft and Unit #505: 1,110 sq ft). Located at MODE by Wesgroup in River District, the home features a modem design with approximately $50,000 in upgrades, nearly 10-foot ceilings, southwest exposure, and abundant natural light. Comfort features include air conditioning, heating, and radiant bathroom floors. The building offers excellent amenities such as a fitness centre, yoga studio, work hub, outdoor hot tub, games and theatre rooms, guest suite, and concierge. Steps to shops, restaurants, cafes, transit, and a short drive to Metrotown Mall. (id:65958)

Subtype
Single Family
MLS#
R3086239
Area
VANCOUVER
Negative cash flow ~$1,361/mo at these assumptions

Cash on cash

-5.88%

Cap rate

4.71%

GRM

13.9

Break-even rent

$9,758

Financing

Down payment$277,800
Loan amount$1,111,200
Mortgage$6,817/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$637
Insurance$80
Maintenance$1,158
CapEx reserve$579
Vacancy loss$416

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 $6,817/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 14, 2026.

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