Executive Family Home

Windsor Gate
86, 1125 Kensal Walk, Coquitlam

List Price: $575,000
Floor Area: 1363
Unit: 3 bed, 2.5 bath
Maintenance Fee: $170
Taxes: $2967
MLS: V973804

Looking for an executive family home, like new, 2-5-10 New Home Warranty but with no HST?  This home is full of “wow” and then some.  The only unit available in this quaint, quiet and friendly complex includes a private fenced yard, open concept living, 9 ft ceilings, custom cabinetry, main floor powder room, and his & her master ensuite, but it doesn’t stop there.  You have access to another 18,000 sqft of “wow”; you’re steps away from a clubhouse comprised of three tennis courts, a basketball court, craft room, media centre, two foosball tables, state of the art fitness centre, swimming pool, BBQ area with outdoor space, and a party room.  You can wine, dine and entertain family and friends at home or on-site.

The garage is a tandem, but there is space for additional cars on the front pad.  With one car in the garage, there is ample space for additional storage or a workshop.

The main floor is up a flight of stairs, but welcomes you to an open space flowing from the kitchen/breakfast area through the dining room to the living room.  Access to the backyard is off the kitchen, which is cared for through the strata’s maintenance fees.  A bonus 1/2 bath is next to the kitchen.

The second floor has the master bedroom with ensuite at one end with laundry and second full bath separating the master from the two additional bedrooms.

Location is great with walking distance to shopping, transit, schools, parks, and trails.  There is guest parking readily available and additional street parking not too far away.

PROS

  1. Open concept that allows for flexible use on main floor
  2. 9′ ceilings
  3. Custom cabinetry
  4. Brand new and under warranty
  5. Additional 1/2 bath on main floor
  6. Laundry on bedroom level
  7. 18,000 sqft clubhouse with extensive amenities
  8. Low maintenance fees for services provided
  9. His & her sinks in master bathroom
  10. Two extra parking spots outside garage
  11. Guest parking near unit
  12. Location within walking distance to many amenities, shopping and transit

CONS

  1. Small additional bedrooms
  2. Limited storage in unit (mainly in garage)
  3. Number of stairs
  4. Tandem garage instead of side-by-side

MORTGAGE NOTES

Example at 3.09%; List Price: $575,000

High Ratio Loan (less than 20% down payment); 25-year amortization
Down payment (5%): $28,750 

Mortgage Amount: $546,250
Default Insurance (2.75%): 15,021.88
Loan Amount: $561,271.88
Monthly Payments: $2,682.18
Approximate Income Required: $118,000

Conventional Loan (20% or more down payment); 30-year amortization
Down payment (20%): $115,000

Mortgage Amount: $460,000
Loan Amount: $460,000
Monthly Payments: $1960.77
Approximate Income Required: $91,000

From my home to yours –
Irene

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