Big, beautiful home near the border

Pacific Douglas
17358 1A Avenue, Surrey
MLS: F1416462

List Price: $699,000
Floor Area: 3123
Unit: 4 Bed/4 bath

Located between the Peace Arch and Pacific Highway Border crossings, this South Surrey/White Rock home is built near parks and a golf courses.  Even though this is a car dependent area, there are plenty of options for major shoppoing centres in south Surrey and across the border.

The house has an open plan. The large kitchen with tons of cupboard and counter space adjoins to a large family room and has access to the back yard and garage.   The living room/dinning is also connected, but separated for more privacy.

Upstairs is complete with three bedrooms, one den/office and a laundry room – that’s room, not a closet, and it’s equiped with a sink and cupboards!  The bedrooms are a good size with decent closet space. The Master bedroom is massive with a walkin closet and 4-peice bathroom.

The basement is finished with a media room and wet bar.  There is also a 4th bedroom, bathroom and living area that can easily be converted into a basment suite with it’s own outside acccess.

PROS

  • Beautiful kitchen
  • Large master suite
  • Laundry room
  • Backyard
  • Basement suite rental option for mortgage helper
  • Side by side garage
  • Finished basement with media room
  • Den could convert to guest room
  • 2-5-10 warranty

CONS

  • Not centrally located
  • New build adds taxes on top of asking price
  • Some inefficientcies need to be addressed (doors not opening/closing properly)
  • Car dependent for most amenities

 MORTGAGE DETAILS

Purchase Price: $699,000 + 5% GST
Total Purchase Price: $733,950*
Interest Rate: 2.99%

*there may be a 2% transitional tax, depending on the start date of construction

High Ratio Loan (less than 20% down payment)
Amortization: 25-year
Down Payment (5%): $36,698
CMCH fees: $21,964
Total loan: $719,216
Monthly Payments: $4000

Approximate income required: $127,000

Conventional Loan (20% or more down payment)

Amortization: 30-year
Down Payment (20%): $146,790
Total Loan: $587,160
Monthly Payment: $
2,475

Approximate income required: $93,000

From my home to yours -
Irene

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