[Hondaracer]

The rail traffic isn’t a concern for me. I grew up in Fraser heights where my grandparents place backed into the 176th CN terminal and over a short time you become use to the sounds. Where I am currently I’m close enough to hear rail traffic from the Vancouver ports and it’s a non-factor.

That house in question is not a house I could see living in for 15-20 years so I’m not going to peruse it further. However, in my current situation if I was to pull out the equity in my current home 4700-5200 would pay my mortgage on that house while living in the main home.

I’m not thrilled about having two different tenants while living in the home (in a perfect world I’d have no tenants) however, with that type of cash flow I wouldn’t hesitate. My wife is working on getting her Portuguese citizenship and we have considered moving abroad for quite some time. If I could be getting 5500-7000 renting out the entire home while away that could float us abroad fairly nicely.

Houses in Burnaby Heights with a view of downtown are likely starting at that price point and I prefer Hastings-Sunrise to the heights there personally due to the proximity to New Brighton and Commercial Drive. I also love the view of the north shore and imo it’s a far nicer view than the majority of the north shore east of Lonsdale due to the angle of the homes and the addition of new Silos which all but remove your views of downtown completely.

I walked by a couple half duplex today closer to commercial near Templeton and they are selling for 1.4, 3br/3ba with a detached single car garage. I know it’s a $400,000 difference but to have $4500+ rental income coming in while also owning a larger than normal lot outright I think your long term outlook is far brighter