About this home

Priced below assessed value and LEGAL SUITE! Exceptional investment opportunity with outstanding future redevelopment potential! Situated on a large, flat lot in a desirable family-friendly neighbourhood, this versatile property is zoned MF1, offering exciting possibilities for future development potential. The home features 7 bedrooms plus a den, including a spacious and fully self-contained 2-bedroom legal suite (currently being used as a 3 bedroom suite), making it an excellent income-generating property or ideal for multi-generational living. The upper level is currently rented for $3,500/month plus utilities, while the suite generates an additional $2,500/month plus utilities, providing strong rental income. An additional summer kitchen offers even more flexibility for extended family or entertaining. Major mechanical updates have already been completed, including a new furnace, hot water tank, and air conditioner, offering peace of mind for years to come. Located in a sought-after neighbourhood close to excellent schools, parks, public transit, shopping, restaurants, and everyday amenities, this property offers both immediate cash flow and long-term upside.

Property details

7

Beds

5 full

Baths

3,584 ft²

Floor area

1991

Year built

2

Storeys

1

Parking

$6,057/yr

Gross tax

Location & structure

Single Family

Type

1

Fireplace

Rutland South

Area

Listed

July 10, 2026

Structure

House

PID

016-428-218

Property highlights

Air conditioning

Features & inclusions

Appliances

Refrigerator, Oven - Electric, Cooktop - Electric, Range - Electric, Dishwasher, Washer & Dryer

Heating

See remarks

Cooling

Central air conditioning

Flooring

Carpeted

Roof

Asphalt shingle, Unknown

Parking

Additional Parking

Lot

Central island, Balcony

Additional details

Common interest

Freehold

Nearby & Commute

13 min

walk to IGA

16 min

bike to Orchard Park Exchange

53 min

walk to Orchard Park Exchange

11h 3m

drive to downtown Vancouver

Estimated travel times. Map data © OpenStreetMap contributors.

Most listed

Detached · 45%

Documents and due diligence

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Property disclosure statement

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Title search

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Inspection reports

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Building and renovation permits

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Survey or site plan

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Financial overview

A clearer view of the monthly and upfront costs connected to this home.

Monthly ownership costs

Estimated monthly total

Calculated estimate

$5,091

Principal and interest

Calculated estimate

$4,436

Property tax

Listing data

$505/mo

Home insurance

Assumption

$150/mo

Purchase snapshot

List price

Listing data

$959,000

Down payment

Calculated estimate

$191,800 (20%)

Estimated mortgage

Calculated estimate

$767,200

Estimates update with the mortgage controls below. They do not include utilities, maintenance, legal fees, or other closing costs.

Mortgage estimate

Tax from listing

Est. monthly total

$5,091

/mo

Rate

%

Amortization

Principal and interest

$4,436

Property tax

$505

P&I

Tax

Down payment

$191,800 (20%)

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Licensed Mortgage Broker

This is an estimate only and does not constitute financial advice or a mortgage offer. Based on $191,800 down (20%) on $959,000, 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.

Detached	136	44.9%
Condo / Apartment	73	24.1%
Townhouse	53	17.5%
Duplex	11	3.6%
Land	10	3.3%
Other	20	6.6%

Under $5,000	5	2.4%
$15,000 to $19,999	10	4.8%
$30,000 to $34,999	10	4.8%
$35,000 to $39,999	5	2.4%
$40,000 to $44,999	10	4.8%
$45,000 to $49,999	5	2.4%
$50,000 to $59,999	20	9.5%
$60,000 to $69,999	15	7.1%
$70,000 to $79,999	15	7.1%
$80,000 to $89,999	10	4.8%
$90,000 to $99,999	15	7.1%
$100,000 to $124,999	30	14.3%
$125,000 to $149,999	20	9.5%
$150,000 to $199,999	25	11.9%
$200,000 and over	15	7.1%

Detached	136	44.9%
Condo / Apartment	73	24.1%
Townhouse	53	17.5%
Duplex	11	3.6%
Land	10	3.3%
Other	20	6.6%

Under $5,000	5	2.4%
$15,000 to $19,999	10	4.8%
$30,000 to $34,999	10	4.8%
$35,000 to $39,999	5	2.4%
$40,000 to $44,999	10	4.8%
$45,000 to $49,999	5	2.4%
$50,000 to $59,999	20	9.5%
$60,000 to $69,999	15	7.1%
$70,000 to $79,999	15	7.1%
$80,000 to $89,999	10	4.8%
$90,000 to $99,999	15	7.1%
$100,000 to $124,999	30	14.3%
$125,000 to $149,999	20	9.5%
$150,000 to $199,999	25	11.9%
$200,000 and over	15	7.1%

693 Mayfair Court

693 Mayfair Court

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