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New buildInvestment signal

$699,900

SLB2 LOT B Tulip Ave

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Beds

Baths

Sqft

—

Year

2026

Type

Single Family

Suite

Investment signal

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Location nearby

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

About this home

Discover modern living in this brand-new half-duplex... Offering 983 sq ft of well-designed single-level living, this home features 2 bedrooms, 2 bathrooms, and garage. The open-concept layout is bright and inviting, highlighted by tray ceilings and a stylish kitchen with white shaker cabinetry, quartz countertops, stainless appliances, and pantry storage. The primary bedroom is thoughtfully designed with dual closets and a private ensuite with a glass-door shower. Quality finishings throughout with luxury vinyl plank flooring, tile in the bathrooms and laundry, brushed nickel fixtures, and a heat pump with air conditioning for year-round comfort. Outside, enjoy a fenced backyard, rear patio, and low-maintenance lot, all with no strata fees. Located within walking distance to amenities, this is an excellent opportunity for first-time buyers, downsizers, or investors seeking a move-in ready home in a prime Parksville location. GST and property transfer tax exemptions may apply. For more information contact the listing agent, Kirk Walper, at 250-228-4275. (id:65958)

Subtype: Single Family
Structure: Duplex
Community: Tulip Ave Duplex
Common interest: Freehold
Living area: 983 square feet
Lot size: 3,701 square feet
Lot dimensions: 3701
Parking: 1 total
Condo/HOA fee: $0 monthly
On market: Mar 25, 2026
Status changed: Apr 24, 2026
Annual tax: $5,216.68
Zoning: Residential
Photos: 25
MLS#: 1029970
Area: PARKSVILLE

Features and systems

Heating

Heat PumpForced airNatural gas

Cooling

Air Conditioned

Lot

Central locationOther

Negative cash flow ~$788/mo at these assumptions

Monthly rent (CAD)Adjust to your local market estimateDown payment (%)Investment props typically 20-25%Mortgage rate (% annual)Default 4.5% — adjust to your rate holdAmortization (years)

Cash on cash

-6.75%

Cap rate

3.51%

GRM

16.7

Break-even rent

$4,329

Financing

Down payment$139,980

Loan amount$559,920

Mortgage$2,837/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$321

Insurance$80

Maintenance$583

CapEx reserve$292

Vacancy loss$175

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 $2,837/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.