For Sale · Multifamily

616 618 SMITH AVENUE, Coquitlam

616 618 SMITH AVENUE, Coquitlam, BC V3J2W3

$3.0M total

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Asset Class

Multifamily

Size

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Building class

A

Zoning

RA9 — High Rise

$ / SF

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Occupancy

82%

Year Built

1977

Lot Size

0.19100091827364554 ac

About this property

CENTRAL BURQUITLAM, LOCATED NEAR BURQUITLAM SKYTRAIN STATION, THE NEW YMCA, LOUGHEED MALL, SFU, CAFES, SHOPPING & SCHOOLS. PRIME HOLDING PROPERTY OR ASSEMBLE THE PARCEL AS PART OF A REDEVELOPMENT PROPERTY. 616-618 SMITH AVENUE ARE ONE TITLE. LARGE 8320 SQ.FT. LOT WITH 2 DUPLEXES WITH APPROXIMATELY 4400 SQ.FT. OF LIVING AREA. LIVE IN ONE HALF AND RENT OTHER SIDE OUT. NEW DEVELOPMENTS IN THE IMMEDIATE VICINITY, "POLYGON & ANTHEM PROPERTIES". CALL OR TEXT ALAN AT 604.828.6021 TO VIEW. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$2.95M
Down payment30% · $885K
Interest rate6.25%
Amortization25 years
Occupancy82%
Expense growth2.5%

Monthly debt service

$14K

Projected NOI

$77K

Annual cash flow

$-86K

Cash-on-cash

-9.75%

DSCR

0.47

Going-in cap

2.62%

Figures are modelled from the listed price and asset class for illustration only. Verify all income, expenses, and financing terms independently before making an offer.

Area demographics

Trade area within 3 miles of the property.

Population

89,296

Households

40,831

Median income

$131,500

Median age

34.5

Daytime population

77,647

5-yr growth

6.4%

Modelled estimates for illustration until a licensed census data provider is connected.

Secure deal room

Confidential diligence documents for 616 618 SMITH AVENUE, Coquitlam.

NDA required
  • Offering Memorandum

    PDF · 4.2 MB

  • Rent Roll & T-12

    XLSX · 820 KB

  • Environmental Phase I

    PDF · 6.7 MB

  • Site Survey & Plans

    PDF · 11.4 MB

  • Zoning Confirmation Letter

    PDF · 310 KB

Preview experience — the electronic NDA is illustrative and is not a binding agreement.