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
- Nice renovations
- Very large patio
- Well maintained building with rain screening, new roof and other upgrades
- Pet-friendly
- Rentals allowed
- Two parking stalls
- Nice neighbourhood
- Additional storage
- In-suite laundry
- Open floor plan
CONS
- High maintenance fees
- Small closet in the second bedroom
- One parking stall is a rental until the end of 2013
- 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
