We use cookies for basic analytics + follow-up. Privacy
We remember this notice, run basic analytics, and use account activity like saved homes and listing views to provide real-estate follow-up. Privacy.
202, 408 1 Avenue SE
Swipe through similar matches — tap the heart to save, or open one for the full read.
Beds
2
Baths
2 full + 1 half
Sqft
736
Year
2014
Type
Single Family
On market
54d
Welcome to this beautifully maintained 2-bedroom condo located in the heart of Diamond Valley. This bright and inviting unit offers the perfect blend of comfort and convenience, making it ideal for first-time buyers, downsizers, or investors.Step inside to discover fresh paint and new luxury vinyl plank flooring throughout the kitchen, living area, and hallway, creating a clean, durable, and stylish living space. The functional layout features a spacious living area, a well-appointed kitchen, and two generously sized bedrooms. The second bedroom includes a Murphy bed and desk, originally priced at over $4,000, adding both flexibility and value to the space.A dedicated in-unit laundry room provides everyday convenience along with additional storage space. This unit also includes secure underground parking for year-round comfort and peace of mind. Adding even more practicality, the condo comes with two storage units located on either end of the balcony, offering rare and valuable extra storage.Residents of this well-cared-for building enjoy access to a variety of amenities, including a fully equipped fitness area, a welcoming common room perfect for hosting gatherings, and a cozy library space ideal for quiet relaxation.Situated in a prime location, this condo offers easy access to everything Diamond Valley has to offer. Enjoy nearby parks, walking paths, and local shops, along with essential services including a hospital, schools, and recreational facilities. Known for its friendly community atmosphere and stunning natural surroundings, Diamond Valley offers quick access to the foothills and endless outdoor adventures.Whether you're looking for a comfortable place to call home or a smart investment opportunity, this move-in-ready condo delivers exceptional value in a growing and vibrant community. (id:65958)
Main level
| Room | Dimensions | Features |
|---|---|---|
| 2pc Bathroom | 5.08 Ft x 5.17 Ft | |
| 4pc Bathroom | 4.92 Ft x 8.08 Ft | |
| Bedroom | 8.67 Ft x 10.92 Ft | |
| Other | 11.83 Ft x 13.42 Ft | |
| Laundry room | 5.08 Ft x 7.58 Ft | |
| Living room | 11.17 Ft x 11.08 Ft | |
| Primary Bedroom | 9.83 Ft x 18.67 Ft | |
| Other | 5.00 Ft x 19.00 Ft |
10-item due-diligence checklist. We can pre-flight most of these for you on a CMA call.
Comparable sales
Ask for 3–5 recent solds within ~1 km and the same beds/baths so the list price has context.
Property condition
Roof age, furnace age, hot-water tank age, electrical panel size, windows. Cosmetic vs structural.
Zoning
Confirm zoning matches your intent (single-family vs duplex vs secondary suite vs commercial).
Suite legality / potential
If suited or being marketed as suited: confirm permits, separate entrance, ceiling height, egress windows.
Monthly carrying cost
Mortgage + property tax + insurance + condo fee (if any) + utilities. Compare to your max budget.
Property taxes
Confirm the annual tax amount on the current assessment — and whether a reassessment is pending.
Insurance estimate
Get a same-day quote. Older homes, knob-and-tube wiring, polybutylene plumbing, flood plains all change the number.
Commute
Drive it (or transit it) at the actual time of day you'd commute. Map ETA lies during peak hours.
Deposit and financing conditions
Deposit size, financing condition window, condition removal date, possession date — all negotiable.
Inspection considerations
Budget for a home inspector ($500–700) and any specialty inspections (sewer scope, mould, asbestos for pre-1990 builds).
Cash on cash
-3.20%
Cap rate
4.22%
GRM
14.5
Break-even rent
$2,085
Financing
Operating expenses (monthly)
Save this analysis — go Pro (free)
Approximation only. Actual cash flow depends on financing terms, condition reports, current market rents, property tax assessment, condo fees, and tenant quality. Defaults: 4.5% rate, 30-year amortization, 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.
Rough ballpark only. Pick a down-payment option, then tap any underlined number below to plug in your real numbers — tax, condo fee, insurance, utilities. Total updates live. Confirm with a mortgage broker before writing an offer.
Cost lines (tax, condo, insurance, utilities) are editable inline above. These two control the mortgage payment math.
Approximation only. CMHC default insurance is included when down payment is under 20%. Property tax and condo fees come from MLS when listed and may not reflect the current billing year. Suite rental income depends on permits, market rent, and vacancy — confirm with a property manager. Always validate your scenario with a mortgage broker and your insurance provider before writing an offer.
We'll reply by text within a few hours. Comparable sales, condition flags, things worth checking — sent before you book a showing.
Listing brokerage
Listing brokerage on file
Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated Jun 2, 2026.
Nearby school, halal, mosque, grocery, park, and transit layers are still being built for Diamond Valley. The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.