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Investment signal

$949,000

4306A CORMORANT WAY

Save this home

Beds

3

Baths

3

Sqft

Year

2022

Type

Single Family

Suite

Investment signal

Location nearby

Nearby school, halal, mosque, grocery, park, and transit layers are still being built for Tsawwassen. The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.

About this home

WEST COAST STYLE DUPLEX FOR UNDER $1M! Welcome to Boardwalk 3 in Tsawwassen, a stylish duplex offering modern coastal living in a premier waterfront community. This home makes a grand impression with dramatic 15ft living room ceilings that maximize natural light, plus the convenience of a side-by-side garage equipped with an EV charger. Enjoy exclusive access to the world-class Beach House, a 22,000 sq. ft. resort-style clubhouse featuring an outdoor pool, fitness center, and social lounges. Ideally located just minutes from scenic beaches and Tsawwassen Mills, with seamless access to major highways and the BC Ferries, this is a rare opportunity to secure a high-tech, luxury lifestyle at an unbeatable price point. OPEN HOUSE Mar 22, 2-4pm (id:65958)

Subtype
Single Family
Architectural style
2 Level
Structure
Duplex
Common interest
Condo/Strata
Living area
1,691 square feet
Lot dimensions
0
Parking
4 total
Condo/HOA fee
$589.8 monthly
On market
Mar 10, 2026
Status changed
Apr 20, 2026
Annual tax
$4,245 (2025)
Photos
32
MLS#
R3098491
Area
TSAWWASSEN

Features and systems

Parking

Garage

Appliances

All

Heating

Natural gas

Community

Pets Allowed With RestrictionsRentals Allowed With Restrictions

Pool

Outdoor pool
Negative cash flow ~$1,035/mo at these assumptions

Cash on cash

-6.55%

Cap rate

3.55%

GRM

16.6

Break-even rent

$5,840

Financing

Down payment$189,800
Loan amount$759,200
Mortgage$3,847/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$435
Insurance$80
Maintenance$791
CapEx reserve$395
Vacancy loss$238

Estimates 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.

Mortgage estimate

Estimated $3,847/mo at 4.5% with 20% down, 30-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 20, 2026.

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