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Investment signal

$1,388,000

740 PORTER STREET

Beds

3

Baths

1

Sqft

Year

1957

About this home

ATTENTION Builders and Investors..take Advantage of being in COQUITLAM'S BEST POCKET...JUST STEPS TO THE LAKE! This Corner Property offers a Prime Location on almost 8000 sq.ft of Unmatched Development Opportunity. Future Possibilities include Coquitlam's Small Scale Housing Program to allow for Multi-Plex, Duplex or Triplex. In this Family orientated Neighborhood you can Enjoy Easy Access to the Lake, Transit, Schools, Shops and More! (id:65958)

Subtype
Single Family
Architectural style
Bungalow
Lot size
7,854 square feet
MLS#
R3111519
Area
COQUITLAM
Negative cash flow ~$2,661/mo at these assumptions

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.

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.

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