No photos available
Investment signal

$1,725,000

2217 ST GEORGE STREET

Beds

4

Baths

4

Sqft

Year

1954

About this home

Discover your next great investment! This inviting property offers 4 spacious 1-bedroom suites on a generous 8709 square ft lot. With new zoning, you have the exciting opportunity to expand to 6 suites or craft your dream home. Picture yourself renovating, rebuilding, or creating a stunning 3-storey residence to capture breathtaking water views. This is a rare opportunity for a visionary buyer to restore and reimagine a beloved community landmark. Enjoy seamless access to the West Coast Express, SFU, shopping, and a vibrant entertainment scene. Stroll to Rocky Point Park, scenic trails, and a variety of renowned eateries. Savor local craft breweries and experience everything this lively neighborhood has to offer-this is truly the place to be! (id:65958)

Subtype
Multi-family
Lot size
8,709 square feet
MLS#
R3094663
Area
PORT_MOODY
Negative cash flow ~$3,299/mo at these assumptions

Cash on cash

-11.48%

Cap rate

3.59%

GRM

16.7

Break-even rent

$12,098

Financing

Down payment$345,000
Loan amount$1,380,000
Mortgage$8,466/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$791
Insurance$80
Maintenance$1,438
CapEx reserve$719
Vacancy loss$431

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 $8,466/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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