$998,000
1353 CHERRYWOOD Boulevard
Beds
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Location
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Open the map for street view, commute checks, and nearby schools, groceries, mosques, parks, and transit stops.
About this home
Zoned for a 20 unit, 3 storey ground-oriented townhouse development and has been endorsed by the District for a 39 unit apartment complex as well. Sparwood is in need of multifamily residential accommodation with a vacancy rate of 3.4 % as of 2021 down significantly from 19.2% in 2017. Sparwood has a high demand for workers created by the expansion of Teck Coal the major industry of the area and the workers need accommodation. (id:65958)
- Subtype
- Recreational
- Structure
- Other
- Community
- Sparwood
- Common interest
- Freehold
- Lot size
- 1.1 acres
- Lot dimensions
- 1.1
- On market
- Apr 16, 2026
- Status changed
- Apr 16, 2026
- Annual tax
- $1,202
- Photos
- 3
- MLS#
- 10383208
- Area
- SPARWOOD
Features and systems
Utilities
Cash on cash
-11.62%
Cap rate
3.57%
GRM
16.6
Break-even rent
$7,035
Financing
Operating expenses (monthly)
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 Sparwood. The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.
Mortgage estimate
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.