Creston · V0B1G0
$4,815/mo
Jessica Kuan
Licensed Mortgage Broker
Estimate only. Rates and qualification depend on your application.
Schedule private showing
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Welcome to 1118 Erickson Street! A fantastic chance to own a multifamily 6-plex situated on a spacious 0.25 acre lot in the heart of beautiful Creston! Whether you’re looking to expand your investment portfolio, live in one unit while generating income from the others, or self-manage a cash-flowing property, this one checks the boxes. This well-maintained building features shared laundry, on-site parking, and approximately $6,500/month in rental income (currently confirming latest tenancy agreements). Opportunities like this are hard to find in a market like Creston, which has historically maintained an extremely low vacancy rate. Located in a convenient area close to shopping, schools, restaurants, parks, and everyday amenities, tenants love the accessibility and small-town lifestyle Creston offers.
1976
Year built
Multi-family
Type
Erickson
Area
Listed
August 20, 2026
Nearby & Commute
10 min
walk to Pealow's Your Independent Grocer
5h 41m
bike to Streetcar Museum
18h 54m
walk to Streetcar Museum
19h 13m
drive to downtown Vancouver
Estimated travel times. Map data © OpenStreetMap contributors.
Most listed
Detached · 52%
| Detached | 47 | 51.6% |
| Farm | 12 | 13.2% |
| Land | 11 | 12.1% |
| Mobile home | 8 | 8.8% |
| Other | 6 | 6.6% |
| Other | 7 | 7.7% |
| $10,000 to $14,999 | 5 | 1.9% |
| $15,000 to $19,999 | 10 | 3.8% |
| $20,000 to $24,999 | 20 | 7.7% |
| $25,000 to $29,999 | 15 | 5.8% |
| $30,000 to $34,999 | 10 | 3.8% |
| $35,000 to $39,999 | 15 | 5.8% |
| $40,000 to $44,999 | 15 | 5.8% |
| $45,000 to $49,999 | 15 | 5.8% |
| $50,000 to $59,999 | 25 | 9.6% |
| $60,000 to $69,999 | 20 | 7.7% |
| $70,000 to $79,999 | 20 | 7.7% |
| $80,000 to $89,999 | 10 | 3.8% |
| $90,000 to $99,999 | 20 | 7.7% |
| $100,000 to $124,999 | 25 | 9.6% |
| $125,000 to $149,999 | 10 | 3.8% |
| $150,000 to $199,999 | 15 | 5.8% |
| $200,000 and over | 10 | 3.8% |
A clearer view of the monthly and upfront costs connected to this home.
Monthly ownership costs
Estimated monthly total
Calculated estimate
$4,815
Principal and interest
Calculated estimate
$4,390
Property tax
Calculated estimate
$275/mo
Home insurance
Assumption
$150/mo
Purchase snapshot
List price
Listing data
$949,000
Down payment
Calculated estimate
$189,800 (20%)
Estimated mortgage
Calculated estimate
$759,200
Estimates update with the mortgage controls below. They do not include utilities, maintenance, legal fees, or other closing costs.
Mortgage estimate
Metro averages
Est. monthly total
$4,815
/mo
Rate
%
Amortization
Principal and interest
$4,390
Property tax (est.)
$275
P&I
Tax
Down payment
$189,800 (20%)
Get Pre-Approved
Jessica specialises in residential financing across Greater Vancouver, helping buyers secure competitive rates and navigate complex purchases with clarity.
Jessica Kuan
Licensed Mortgage Broker
This is an estimate only and does not constitute financial advice or a mortgage offer. Based on $189,800 down (20%) on $949,000, Canadian semi-annual compounding. Property tax estimated at Greater Vancouver metro average. 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.
Variable mortgages are quoted against this.
Fixed mortgage pricing follows this.
Set by the Bank of Canada.
These are benchmark rates, not mortgage quotes. Your rate depends on the lender, the term, and your file.
In a mapped wildland-urban interface zone. Affects insurance and FireSmart requirements.
Based on where this point falls in provincial map layers, not a site survey or a formal hazard assessment. Confirm with the municipality, a professional, and your insurer before relying on it.
At 8.4560 per $1,000 of assessed value.
Estimated by applying the municipal rate to the asking price. Your actual bill is based on the BC Assessment value, which is set separately and usually differs from the sale price. Home owner grants are not included.
