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Investment signal

$2,888,000

13563 28 AVENUE

Beds

3

Baths

3

Sqft

Year

1971

About this home

BUILD YOUR OWN MANSION! Exceptional 1-acre rectangular lot in the prestigious, multi-million-dollar neighbourhood of Elgin Chantrell. Featuring 165 ft of frontage and 264 ft of depth, this North-South facing property offers the perfect canvas to design & build your dream luxury estate. The existing home is livable w/newer roof, providing rental income potential while you plan your future build. Preliminary architectural drawings are available upon request, including the possibility of a walk-out basement, maximizing both functionality & value. Located within walking distance to Chantrell Creek Elementary & Elgin Park Secondary, and just minutes from Hwy 99 and Nico-Wynd Golf Course, this location is unmatched for convenience and prestige. Let your imagination bring this DREAM HOME to life. (id:65958)

Subtype
Single Family
Architectural style
Ranch
Lot size
43,566 square feet
MLS#
R3096900
Area
SURREY
Negative cash flow ~$5,460/mo at these assumptions

Cash on cash

-11.34%

Cap rate

3.62%

GRM

16.7

Break-even rent

$20,198

Financing

Down payment$577,600
Loan amount$2,310,400
Mortgage$14,174/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$1,324
Insurance$80
Maintenance$2,407
CapEx reserve$1,203
Vacancy loss$723

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 $14,174/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 16, 2026.

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