Comparison of two Richmond Rancher Townhomes

#10 Pugwash #13 Pugwash
Sunrise Park
#10 10177 Pugwash Place
MLS: V1030568
List Price: $514,900
Floor Area: 1253
Units: 3 Bed/2 Bath
Condo Fees: $223.51
Taxes: $1,948
Sunrise Park
#13 10177 Pugwash Place
MLS: V1033992
List Price: $509,900
Floor Area: 1253
Units: 3 Bed/2 Bath
Condo Fees: $223.51
Taxes: $1,948

Located in Steveson North, nestled in a quite neighbourhood, two rarely available rancher style townhomes units are now for sale.

I decided to visit both for a comparison.  The pictures clearly show one with renovations completed and one in its original form.

The unit layouts are mirror images of each other, with the yard size and lot placement being the main differentiators, besides the obvious upgrades.  The reason for choosing one over the other would depend on your interest in renovating to your tastes and available time and funds to do so.

Personally, I liked the idea of the bigger yard of unit #13.  It also backs onto a park, which is a nice feature.  However, the amount of work to bring the unit to my living comfort seems a bit daunting, especially having a partner like mine that’s not really your typical handyman.   The renovated unit does offer a nice backyard with a deck, shed, and landscaping for privacy.  It’s well maintained, and it I’m sure it would be well used.

For a family or retiree looking for that “home-like” place at a “condo-like” price, these units are a great bet.   It’s a nice community with schools, parks, and Stevestone village nearby.

PROS

  • Nice neighbourhood and close to Steveston village
  • Open floor plan
  • Backyard access
  • laundry room
  • Walk in closet in the master bedroom
  • Unit #10 – updates have been done to make this a move in ready space

CONS

  • Both units have original kitchens.  Painting or replacement of cupboards and new appliances would be a consideration
  • Spare bedrooms aren’t overly large in size
  • Unit #13 – extensive renovations required (floors, paint, bathrooms and kitchen)
  • Guest parking wasn’t visible – not sure if any is available or how far away it’s from the units
  • Bedrooms are close to the entrance way.

MORTGAGE DETAILS

Unit #10, 10177 Pugwash Place
Purchase Price: $514,900
Interest Rate: 3.39%
Term: 5-year

High Ratio Loan (less than 20% down payment)
Amortization: 25-year
Down Payment (5%): $25,745
CMCH fees: $13,451
Total loan: $502,606
Payments: $2,480

Approximate income required: $93,000

Conventional Loan (20% or more down payment)

Amortization: 30-year
Down Payment (20%): $
102,980
Total Loan: $
411,920
Payment: $
1,820

Approximate income required: $68,350

From my home to yours -
Irene

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