AMAZING INVESTMENT OPPORTUNITY with an 8% cap rate!!! This is your opportunity to own in the only property of its kind in Squamish! This top floor studio unit, with partially vaulted ceilings for a more spacious feel, is located in the popular, Executive Suites Hotel. Offering fantastic amenities like pool, hot tub, fitness centre & restaurant, this is the perfect retreat. A completely hands off investment, you can also use the place occasionally if you choose. Located at the North end of Squamish so easy access to World class skiing in Whistler should also be on your list when you stay!!
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Property History
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| Status | Date | Price |
|---|
Rooms
| Floor | Type | Dimensions |
|---|---|---|
| Main Level | Kitchen | 8' x 8' ft |
| Main Level | Living Room | 16' x 16' ft |
| Main Level | Foyer | 6' x 6' ft |
| Main Level | Other | 12' x 12' ft |
| Main Level | Dressing Room | 8' x 8' ft |
Bathrooms
| Floor | Ensuite | Pieces |
|---|---|---|
| Main Level | Yes | #4 |
NOTE: This representation is based in whole or in part on data generated by the Chilliwack & District Real Estate Board, Fraser Valley Real Estate Board or Greater Vancouver REALTORS® which assumes no responsibility for its accuracy.
Private Schools
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Welcome to this beautiful property located at 407 40900 Tantalus Road, Squamish, BC, MLS® R3078842. As we step into this charming neighborhood, you'll notice the proximity to excellent schools that make it an attractive option for families.
Let's start with the elementary school scene. The closest independent school to this home is Squamish Montessori Elementary School, rated No Rating, yet located a mere 2.59 km away. This school's unique approach to learning will provide your children with a comprehensive education that fosters creativity and intellectual curiosity.
As your child grows, they'll have access to top-notch secondary education at Coast Mountain Academy, also rated No Rating, but situated a comfortable 3.07 km from this property. This renowned institution offers a rigorous academic program that prepares students for success in their chosen fields.
Now, let's talk about the safety of the area. As of 2020, the crime rate near 407 40900 Tantalus Road, Squamish, BC is 8,556.59, which is considered Average compared to other Canadian cities. According to Statistics Canada's 2020 report, there were 1,862 incidents of various nature, but with a 2.24% year-over-year decrease. This indicates a stable and secure environment for you and your loved ones.
Regarding specific crime types, the drug crime rate in this area is Above Average, with a rating of 427.37. However, the year-over-year change in the illegal substances offences ranking is -3.99%, showing a positive trend. Meanwhile, property crimes are Average, with a rating of 3,818.76, and a year-over-year change of -1.84%. Violent crime rates are also Average, with 1,842.75 incidents, and a 25.37% year-over-year increase.
As you navigate the neighborhood, you'll find the Tantalus 40850 block (SB) bus station just 0.15 km away from this property. This convenient public transportation option makes it easy to get around Squamish and surrounding areas.
Now, let's dive into the demographics of this charming community. As of 2020, 27.5% of residents in this area hold a university certificate or degree, which is Above Average compared to other BC neighborhoods. Conversely, 12% of the population has no certificate or degree, a Low percentage compared to the average in BC.
The median household income in this area is $89,012, which is Above Average compared to the British Columbia average. Similarly, the median personal income is $40,119, also Above Average. Moreover, 72.4% of households in this area have a mortgage, a High percentage that indicates a stable and secure financial foundation.
The unemployment rate in this area is a mere 5.4%, which is Low compared to other province neighborhoods. This stable economic environment is perfect for individuals and families seeking a secure place to call home.
As we explore the neighborhood, you'll notice a population growth rate of 13.7% between 2011 and 2016, a High percentage that suggests a thriving and dynamic community. The population density per square kilometer is 186.1, which is Below Average, providing ample space for residents to enjoy the beautiful surroundings.
The average family size in this area is 2.9, an Average number compared to the whole region. Additionally, 60.3% of families in this area have children, an Average percentage. Married or living common-law couples make up 62.5% of households, an Above Average percentage that reflects the strong family values in this community.
The average age of the population in this area is 37.5, a Below Average number compared to other BC cities. This youthful demographic suggests a vibrant and energetic community that's perfect for families and individuals of all ages.
As we discuss the real estate context, you'll be pleased to know that the average value of dwellings in this neighborhood is $724,362, a High amount compared to other areas in British Columbia. With average owner payments of $1,733 and tenants paying $1,304, this area offers a comfortable and secure financial environment for homeowners and renters alike.
Finally, 27.3% of the population in this area are renters, an Average percentage compared to other BC cities and areas. The language spoken at home in this area is predominantly English, with 86.6% of residents speaking only English, and 0% speaking only French. The remaining 1.1% speak neither English nor French, an Average percentage compared to other BC cities.
As you navigate the neighborhood, you'll notice that 2.7% of residents use public transportation, a Below Average percentage. However, 85.3% of residents use cars, an Average percentage, while 4.1
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