Affordable Waterfront Condo

Waterstone Pier
102, 14200 Riverport Way, Richmond

MLS: V1001716
List Price: $458,888
Floor Area: 1100sqft
Unit: 2 Beds: 2 Bath
Taxes: $1826

I decided to stay close to home this month for the open house search.  When my husband, Mark, and I first looked at Waterstone Pier, it had that spark for us.  We love our unit, but often think about the beauty of the water side.  We get stunning sunsets from our southwest facing home, but the sunrises from the east side of the building are simply marvellous.  Mount Baker can take your breath away and when I walked into unit 102 of our 14200 building all I could think was how fabulous the mornings would be. The two bedrooms, the living room, kitchen and patio all have a front and centre view.  Even cooler, you can watch the ships that cruise past each day carrying all sorts of freight, most commonly the gigantic beasts that bring the automobiles to the Fraser Wharves.

This unit has direct access to the back green area – like it’s very own yard.  Perfect for a young family or dog lovers.  In and out for walks along the water in no time.  If you love the movies, hockey, trampolines, pubs, Subway, spaghetti, and farm markets – then this could be your dream home.  The unit is within a few steps of the Riverport Recreation Complex and only a 3-minute drive to one of the best farm markets in the lower mainland; Richmond Country Farms.  Great access to the highway, only 25-minutes to downtown Vancouver and direct routes to Ladner, Surrey, New Westminster, and Burnaby; it’s a central place to call home.

PROS

  • Great Views
  • Open Layout
  • High quality finishings
  • Access to green space and walk ways
  • Good layout
  • Large kitchen
  • 2 closets in each bedroom
  • Close to activity centres

CONS

  • Have to drive to groceries and shopping
  • Car dependent
  • Only one underground parking spot
  • Some decor (wallpaper) may not fit with your personal style and  may require updating

MORTGAGE DETAILS

Interest Rate: 2.89%
Purchase Price: $458,888

High Ratio Loan (less than 20% down payment); 25-year amortization
Down Payment (5%): $22,944.40
CMCH fees: $11,989
Total loan: $447,932.60
Amortization: 25 years
Payment: $2,095
Approximate income required: $100,800

Conventional Loan (20% or more down payment); 30-year amortization
Down Payment (20%): $91,777.60
Total Loan: $367,110.40
Amortization: 30 years
Payment: $1,526
Approximate income required: $79,500

From my home to yours –
Irene

Leave a Reply

Your email address will not be published. Required fields are marked *