3370 Viewmount Drive

General property description

Large family home on a private corner lot with an assembled Development Application for a 12 storey condo building with townhomes at the base for over 200 units. Strategically located within a Transit-Oriented Development (TOD) area, this property offers an opportunity to acquire a 3-lot land assembly with hundreds of thousands of dollars spent towards the project. The home was extensively updated in 2010. Currently tenant-occupied, providing attractive rental income with a full 3 bedroom rental up, and a full 3 bedroom rental down. Conveniently situated with easy access to transit and (400m) SkyTrain stations, nearby shops, recreational facilities, and restaurants. Once approved, this development land would potentially be worth more than double the asking price!

Mortgage estimate

Tax from listing

Est. monthly total

$9,982

/mo

Rate

%

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Amortization

25 yr30 yr

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Principal and interest

$9,251

Property tax

$581

P&I

Tax

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This is an estimate only and does not constitute financial advice or a mortgage offer. Based on $399,994 down (20%) on $1,999,968, Canadian semi-annual compounding. Property tax sourced from listing. No strata fee on record for this listing. Home insurance, land transfer tax, and closing costs are not included. Consult a licensed mortgage professional for personalised advice. Mortgage professionals featured here are independent licensed brokers. Ray Rasouli may receive a referral fee if you choose to work with one. You are under no obligation to use any recommended provider. Full disclosure.