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Investment signal

$1,388,000

40 2603 162 STREET

Beds

Baths

Sqft

—

Year

2010

Location

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About this home

Welcome to Vinterra executive town homes in Morgan Heights! This beautiful duplex home has a clean, modern elegance. Step through your expansive entry w/ 18' ceiling leading to an open floor plan flooded w/ natural light. You'll appreciate the details in this 4 bed, 4 bath, 3 level home that's been impeccably kept. Upstairs, the primary suite features a walk-in closet & a spa-like ensuite, 2 good size bedrooms, a laundry rm & a balcony. Downstairs boasts a rec. rm, full bar & plenty of storage. Private backyard for your enjoyment. Amazing amenities include fireplace, gym at club house. Located steps to a top rated private school - Southridge, restaurants, & shopping. Don't miss! (id:65958)

Subtype: Single Family
Architectural style: 2 Level
Structure: Row / Townhouse
Common interest: Condo/Strata
Living area: 3,090 square feet
Parking: 2 total
Condo/HOA fee: $606.05 monthly
Stories: 3
Fireplace: 2
On market: Mar 26, 2026
Status changed: Apr 15, 2026
Annual tax: $4,867.5 (2025)
Photos: 40
MLS#: R3104150
Area: SURREY

Features and systems

Parking

GarageVisitor Parking

Basement

NoneUnknownUnknown

Appliances

WasherRefrigeratorDishwasherStoveDryerMicrowave

Heating

Forced airNatural gas

Community

Pets Allowed With RestrictionsRentals Allowed With Restrictions

Utilities

WaterNatural GasElectricity

Negative cash flow ~$2,661/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

-11.50%

Cap rate

3.59%

GRM

16.6

Break-even rent

$9,751

Financing

Down payment$277,600

Loan amount$1,110,400

Mortgage$6,812/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$636

Insurance$80

Maintenance$1,157

CapEx reserve$578

Vacancy loss$348

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

Mortgage estimate

Estimated $6,812/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 15, 2026.