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Legal suite

$998,000

942 LEE STREET

Save this home

Beds

2

Baths

1

Sqft

Year

1955

Type

Single Family

Suite

Legal suite

Location nearby

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

About this home

Build Your Ocean View Dream Home in Prime White Rock Beach! Ideally located just two blocks from the oceanfront promenade, dining, and sandy beaches, this 4,135 sq. ft. lot offers the ultimate West Coast lifestyle. Plans in final revision stage with approval expected in weeks for a stunning 3-level, 4,200 sq. ft. residence designed to maximize ocean views from the top floor. This home allows for a legal secondary suite, making it a versatile investment or multi-generational living option. Walk to East Beach, parks, the pier, restaurants, and cafes. Designed with open-concept living areas, modern finishes, and exceptional outdoor spaces. Call your realtor today for details! (id:65958)

Subtype
Single Family
Architectural style
Other
Structure
House
Common interest
Freehold
Living area
560 square feet
Lot size
4,135 square feet
Lot dimensions
4135
On market
Apr 29, 2026
Status changed
Apr 29, 2026
Annual tax
$0 (2025)
Photos
13
MLS#
R3113149
Area
WHITE_ROCK

Features and systems

Parking

Open

Basement

NoneUnknownUnknown

Appliances

WasherRefrigeratorStoveDryer

Heating

Forced airNatural gas

View

Ocean view

Utilities

Natural GasElectricity
Negative cash flow ~$130/mo at these assumptions

Cash on cash

-0.78%

Cap rate

4.71%

GRM

13.9

Break-even rent

$6,137

Financing

Down payment$199,600
Loan amount$798,400
Mortgage$4,045/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$457
Insurance$80
Maintenance$832
CapEx reserve$416
Vacancy loss$300

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.

Location nearby

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

Mortgage estimate

Estimated $4,045/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 29, 2026.

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