!!OCEAN VIEWS!! Detached, 7-Bed, 3-Storey with Suite in White Rock!! Assigned

  • $1,130,000
  • 7 beds
  • 4 baths
  • 2184 sqft

Located just steps away from the beach, shops and restaurants is this amazing, 3-storey, oceanview property!! Boasting 3 south-facing patios/decks with ocean views, this property has enormous potential as a high-end flip, or 2-suite vacation rental!! The property includes 2000+ square feet of living space including, 7 bedrooms, 4 bathrooms, a separate suite, and a third-storey loft. Similar view properties in need of cosmetic renovations are selling for $150,000-$250,000 more on the open market. Opportunities like this one don’t come around often, and this is one property that you won’t want to miss!!

We are selling our assignable purchase contract.

Closing is December 30th, 2021
**As per our APS, the Seller will be permitted to live on the premises for no later than 92 calendar days after closing. The rate will be $133/day (excluding utilities, which shall be in the Seller’s name). $13,236.00 will be held back by the Seller’s lawyer in trust as compensation for the Seller’s stay and damage deposit. Once the Seller has vacated the property and left it in reasonable condition, the remaining balance, if any, of the holdback shall be released to the Seller within 2 business days.**

PROPERTY FEATURES
Please note: This property is listed on the BC assessment as being only a 1-storey with a basement level. We believe that this property more closely resembles a 3-storey, and it is important to note that the basement level is mostly above grade, and has it’s own separate entrance. The “basement” level of the property should be considered the first floor, the “first floor” of the property should be considered the second floor, and the loft area should be considered a third floor, which is not accounted for on the BC assessment either. The “basement” level is currently set up as a separate suite, and the stairs to walk up to the second floor have been blocked off.
  • This property is located steps away from Semiahmoo Park and a less than 2 minute walk from the beach and White Rock Promenade
  • 3-storeys
  • 7 bedrooms
    • 3 bedrooms are located in the first floor suite
    • 2 bedrooms are located on the second floor
    • 2 additional bedrooms are located on the third floor
      • Both of these bedrooms feature balcony access, one at the front of the property and the other at the back of the property
  • 4 full bathrooms
    • 2 full bathrooms are located in the main floor suite
    • 1 full bathroom is located on the second floor
    • 1 full bathroom is located on the third floor
  • Built in 1972
  • Interior square footage: 2184 sq ft (as per BC assessment)
    • First floor: 1092 sq ft (as per BC assessment)
      • This floor is referred to as the “basement” on the BC assessment
    • Second floor: 1092 sq ft (as per BC assessment)
      • This floor is referred to as the “first floor” on the BC assessment
    • Third floor loft: N/A
      • No square footage report for this floor is mentioned on the BC assessment (Buyer to verify exact square footage)
  • 2 fridges, 2 dishwashers, 2 stoves, 1 microwave, 1 barbecue, 2 shelving units, 2 washers & 2 dryers will all be included
  • Flooring is a mix of laminate, tile, and parquet throughout the property
  • 100 AMP breaker panel
  • Gas furnace is American Standard brand and was installed in 2015 (as per Seller)
  • HWT is owned, however the exact age is unknown as it pre-dates the current owner (as per Seller)
  • Roof is an unknown age, though will likely require replacement (see HERE, 3:35-4:03) 
    • The west side of the roof is covered with moss, and the gutter guards on the west side are also missing, so the gutters will have to be cleaned 
    • The east side of the roof still has gutter guards in place
  • Windows are a mix of original and vinyl all throughout the property
  • On municipal services
  • Property features:
    • Ocean views from all south-facing patios
    • Walking distance away from beach access (see HERE)
    • Retaining wall with decorative stone at the first patio level
    • Wood shed in the backyard that is in poor condition, and could benefit from repair or replacement (as per Seller)
  • 1-car, detached garage is located at the front of the property, at street level
    • While this garage could fit 1 small vehicle, it is currently being used for storage (as per Seller)
  • There is no driveway, however residents get a sticker for their vehicle which allows them to park for free on the street (Buyer to verify)
  • Lot size: 4131 sq ft (as per BC assessment)
  • Zoning: RS-1 (see HERE)
    • Some of the permitted uses in this Zoning Bylaw include, but are not limited to: an accessory registered secondary suite, a short term rental, and an accessory boarding use. However, the property must meet all provisions and requirements specified in this Bylaw, otherwise a 1-unit residential will be the only use permitted. (see HERE, pg 36-38)

FLOOR BREAKDOWN
Main Floor Suite:

  • The main floor previously functioned as a separate in-law suite, however it has never had tenants during the Seller’s ownership. The main floor also does not have its own hydro meter and would not be considered a legal suite (as per Seller)
  • 3 bedrooms
    • 1 bedroom features a 3-piece ensuite bathroom
    • 1 bedroom has the laundry machines located in its closet
      • This bedroom is missing the subfloor and flooring on half of its floor area. The flooring was previously damaged by a leak in the washer. The washer is no longer leaking, however the flooring has not yet been replaced (as per Seller) — see HERE
  • 2 full bathrooms
    • 4-piece bathroom
    • 3-piece bedroom ensuite
      • The paint on the ceiling of both bathrooms is peeling, likely due to condensation from the showers (see HERE, 2:35-3:07, 4:07-4:33)
  • Separate entrances:
    • Main entrance located at the side of the property leads directly into the living room area
    • Sliding glass door in the living room leads out to the front patio
  • Flooring: parquet, tile and laminate
  • Windows: 6 windows and 1 sliding door on the main floor appear to be original (Buyer to verify)
  • Kitchen area
  • Living room features a wood fireplace with a stone mantle
    • The fireplace has been sealed off and is no longer used (as per Seller)
  • The living room also features large, south-facing windows, as well as access to the covered, front patio
  • There used to be stair access to the second floor, however those have been blocked off and are no longer in use (as per Seller) — see HERE

Second Floor:

  • 2 bedrooms
  • 1 full bathroom
    • 4-piece bathroom with double vanity
      • This bathroom has ensuite-access from 1 of the bedrooms, but can also be accessed from the dining area
  • Separate entrances:
    • Main entrance located at the side of the property, which opens to a small landing with a set of stairs that lead up to the second floor dining area
    • Sliding glass door in the living room leads out to a south-facing covered patio on the second floor, that boasts ocean views
    • Sliding glass door just off of the kitchen area leads out to the back patio
  • Flooring: tile and laminate
  • Windows:
    • 9 windows on the second floor and 2 sliding doors, in total
    • 6 of the windows and both sliding doors were replaced with vinyl windows/doors approximately 10-years-ago, and 3 remaining windows on this floor have not yet been replaced (as per Seller)
  • Kitchen was installed approximately 10-years-ago, and is IKEA-style with stone counter top (as per Seller)
  • Small laundry room
  • Living room features south-facing windows and an exit out to the patio, as well as an electric fireplace
    • The ceiling of this family room has evidence of water damage from a previous leak that has now been fixed. The resulting cosmetic damage is all that needs to be repaired still (as per Seller)
  • There is a metal staircase that goes from the second floor to the third floor loft. A few stairs on this staircase are wobbly, and could benefit from repair or replacement

Third Floor Loft:

  • 2 bedrooms
    • Both bedrooms feature patio access:
      • 1 south-facing patio on the third floor is accessed from one of the bedrooms, and boasts ocean views
      • 1 north-facing patio on the third floor is accessed from the second bedroom and looks out over the backyard
    • Both bedrooms also feature a walk through bathroom and closet space, the can be accessed from either bedroom
  • 1 full bathroom
    • 4-piece bathroom
      • There are a few visible water marks on the ceiling of this bath/shower (see HERE, 4:53-4:59)
  • Flooring: laminate and tile
PROPERTY NEEDS
  • Cosmetic updating
  • Roof replacement, gutter cleaning and new gutter guards on the west side of the property
  • Legalize the main floor suite, if desired (Buyer to verify)
The Seller answered ‘Maybe’ on the property disclosure statement, as to whether there is an encroachment on the property. Their garage may encroach onto either city property or adjacent public property. A topographic survey of the property has been made available to us by the Seller (see HERE) — Buyer to verify
Please click HERE for more pictures and information.
Price:
$1,130,000
Address:
Marine Dr & Maple St
White Rock, BC
Square Feet:
2184
Lot Size:
4131 sq ft
Bedrooms:
7
Bathrooms:
4
Terms:
Assignment of Contract
Property Type:
Home
Year Built:
1972

Call (647) 400-2093 for more details

Property Location