Investment Profile
In Central Surrey you can purchase a 1 bedroom, skytrain accessible condo in a high rise that completes in 2027 – 2028 for $480,000 – $500,000 with 10-15% down. In today’s market the condo will rent for $1,850 and with 5.5% annual rent inflation, the condo will rent for $2,300 by 2027. With 20% down, the condo will break even on rent. If properties in the area appreciate at a rate of 5.5% per year then the projected profit on closing for this property is $120,000. Meaning that you can purchase the property and resell it as soon as it completes for a profit, or you can hold it and rent it out for even bigger profits.
The District Northwest is offering 1 bedroom condos starting at $488,000 with 5% down now and 5% due in 12 months. The condos complete in 2027 and are located just steps from the strain and a park, making them highly rentable.
Looking to create your investment strategy? I can help with that.
Get in touch today and let me help you find just the right place. Click on the link or me at 604-376-3350 to get the process started.
If you are looking to buy or sell, I can help. Get in touch today!
Looking for a one-of-a-kind place to call home?
Want reasonable terms on your purchase agreement?
Want expert guidance on the home purchase process?
ABOUT LIZ PENNER YOUR BEST LANGLEY REAL ESTATE AGENT
Liz Penner is a top-selling licensed real estate salesperson with the Fraser
Valley Real Estate Board and has been a top-selling realtor specializing in the residential resale of condos, townhomes, and houses for over a decade. Liz assists residents of the Langley and Surrey areas to sell real estate while looking out for the client’s best interests. Liz also helps first-time homebuyers, families, and repeat purchasers with their property search process, ensuring that her clients get access to the very best homes on the market while receiving excellent service ensuring that they find the perfect place to call home.
Liz holds a BBA in leadership and has completed a variety of specific training through the Fraser Valley Real Estate Board in the areas of selling strata properties, foreclosures, estate sales, and new construction properties. Liz is also well versed in POAs, the Strata Property Act, and more. If you are looking for a knowledgeable and professional real estate agent that is willing to do everything possible to ensure that you get top dollar for the sale of your home or to find the dream home you are looking for in the Surrey and Langley, BC areas then get in contact today.
If you are looking for a knowledgeable and professional real estate agent that is willing to do everything possible to ensure that you get top dollar for the sale of your home or to find the dream home you are looking for in the Surrey and Langley, BC areas then get in contact today.
WHY LIST YOUR HOME FOR SALE WITH LIZ PENNER
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- I’ve helped sell over 400 properties throughout the Langley and Cloverdale area, and I’d love the opportunity to do the same for you.
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- I’ve experienced straightforward sales and sales that have gone off the rails, back on the rails, off the rails, and then back on again. That’s just the way the real estate train rolls, and it never rattles me.
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- I’ve got a solid toolkit to pull from when a problem arises. I take my job seriously each time, and I will make sure you get top dollar for your Fraser Valley, Langley, or Cloverdale home, smooth sailing, or otherwise.
