Feels like Home

The Emerald
102, 833 W 16th Avenue, Vancouver, BC

List Price: $497,000
Floor Area: 875
Unit: 2 bed, 2 bath
Maintenance Fee: $395.69
Taxes: $1,527
MLS: V983499

This condo has the feeling of home from the moment you step in. The renovations give it a warm and inviting feel with a professional, clean finish. The master bedroom has a fabulous full wall closet with built-in storage compartments. The kitchen and bathrooms are the stars of the renovations, but the unit’s wrap around 728 sqft exterior patio is a “wow” factor. This ground level home is completely fenced in, making its patio the perfect spot for beautiful summer days on the coast. Includes: in-suite laundry, 2 parking stalls and extra storage.

A beautiful location with access to major routes along Cambie, Oak Street and Broadway. It’s a place that could be enjoyed by the young and young at heart.

PROS

  1. Nice renovations
  2. Very large patio
  3. Well maintained building with rain screening, new roof and other upgrades
  4. Pet-friendly
  5. Rentals allowed
  6. Two parking stalls
  7. Nice neighbourhood
  8. Additional storage
  9. In-suite laundry
  10. Open floor plan

CONS

  1. High maintenance fees
  2. Small closet in the second bedroom
  3. One parking stall is a rental until the end of 2013
  4. Not a large 2 bedroom unit

MORTGAGE DETAILS

Based on 3.04%; List Price: $497,000

High Ratio Loan (less than 20% down payment); 25-year amortization
Down Payment (5%): $24,850
CMCH fees: $12,984.12
Total loan: $485,134.12
Amortization: 25 years
Payment: $2,305.84
Approximate income required: $110,000

Conventional Loan (20% or more down payment); 30-year amortization
Down Payment: (20%) $99,400
Total Loan: $397,600
Amortization: 30 years
Monthly payment: $1680.79
Approximate income required: $86,000

From my home to yours –
Irene

Leave a Reply

Your email address will not be published.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