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Investment signal

$312,000

7291 PROSPECTOR Avenue Unit# 501

Save this home

Beds

2

Baths

2

Sqft

Year

2011

Type

Single Family

Suite

Investment signal

Location nearby

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

About this home

Welcome to this beautifully finished 2-bedroom, 2 bathroom, new condo, offered fully furnished and NO GST, making it an exceptional opportunity for a full-time residence, weekend escape, or investment property. Thoughtfully designed with comfortable living spaces and quality finishes throughout, this condo delivers both style and convenience. The main living area is warm and inviting with a cozy fireplace, offering plenty of room to relax or entertain. It has an open living area, with modern kitchen, breakfast nook and dining area allowing everyone to be together. At the back of the condo, a balcony provides the ideal space for barbecuing, lounging, and enjoying the fresh mountain air with a view. It also features partial coverage for comfortable use on rainy days. The primary bedroom features a spacious layout complete with a large ensuite, including a double vanity, a sleek glass shower, and a relaxing corner drop-in soaking tub. The bathroom showcases elegant tile flooring, while the rest of the condo features durable, modern vinyl flooring. The primary bedroom also includes a private walkout, perfect for enjoying your morning coffee, sunshine, or fresh air in a peaceful setting. Move-in ready, fully furnished, and beautifully finished, this condo is an excellent opportunity in today’s market. (id:65958)

Subtype
Single Family
Structure
Apartment
Community
Radium Hot Springs
Common interest
Condo/Strata
Living area
1,093 square feet
Condo/HOA fee
$245 monthly
Stories
1
Fireplace
1
On market
Apr 7, 2026
Status changed
Apr 24, 2026
Annual tax
$0
Photos
16
MLS#
10382408
Area
RADIUM_HOT_SPRINGS

Features and systems

Heating

Heat PumpElectric

Cooling

Heat Pump

Exterior

Other

Flooring

TileVinyl

Roof

Asphalt shingleUnknown

Fee includes

Property ManagementWaste RemovalGround MaintenanceInsuranceOther, See RemarksReserve Fund Contributions
Negative cash flow ~$73/mo at these assumptions

Cash on cash

-1.40%

Cap rate

4.58%

GRM

13.7

Break-even rent

$1,977

Financing

Down payment$62,400
Loan amount$249,600
Mortgage$1,265/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$143
Insurance$80
Maintenance$260
CapEx reserve$130
Vacancy loss$95

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 $1,265/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 24, 2026.

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