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Investment signal

$1,288,000

2262 WILLOUGHBY WAY

Beds

6

Baths

3

Sqft

Year

1980

About this home

Welcome to this charming home in the hear of Willoughby! This spacious residence offers a versatile layout with endless possibilities. Boasting 4 bedrooms and 2 bathrooms on the upper level, this home is ideal for a growing family. The home has been thoughtfully upgraded with a modern kitchen (with plenty of storage) that flows beautifully into the spacious family room, ideal for those family gatherings. The lower level presents a large two bedroom suite that is like a home of its own, perfect for extended family or additional rental income. Situated in Willoughby, residents will enjoy convenient access to a range of amenities incl. shopping centers, restaurants, parks and reputable schools. Commuting is a breeze with easy access to major highways and public transportation. A MUST SEE! (id:65958)

Subtype
Single Family
Architectural style
Other, 2 Level
Lot size
4,071.19 square feet
MLS#
R3108060
Area
LANGLEY
Negative cash flow ~$2,474/mo at these assumptions

Cash on cash

-11.53%

Cap rate

3.58%

GRM

16.6

Break-even rent

$9,054

Financing

Down payment$257,600
Loan amount$1,030,400
Mortgage$6,321/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$590
Insurance$80
Maintenance$1,073
CapEx reserve$537
Vacancy loss$323

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 $6,321/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.

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