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Let's CRUNCH THE NUMBERS
Let's assume you are 9 months away from beginning your renovation or demolition.
Property Valued At | $2,239,300 |
|---|---|
3% Vancouver Empty Homes Tax | $67,179 |
1% BC Speculation Tax | $22,393 |
Total Tax Cost | $89,572 |
note: the totals don't yet include additional considerations and why owners choose to rent to sunwise
Hiring A Property Manager | Leasing To Sunwise Property | |
|---|---|---|
Potential Rental Income | $4500/m x 8 (less 1 m rent) | $2650/m x 8 (less 1 m rent) |
Rental Income | $36,000 | $21,000 |
Management Fees | - $6,000 | *Fully operated by Sunwise |
Necessary Upgrades & Repair Downtime | - $16,000 | *Fully operated by Sunwise |
Net Income | $14,000 | $21,200 |
Net Income Difference | + $7,200 | |
Potential Empty Homes Tax Savings | $89,572 | $89,572 |
Potential Total Financial Benefit | $103,572 | $110,772 |
Considerations | Benefits |
|---|---|
Property Management companies avoid short term leases and are expensive | We will consider distressed homes and 6-month minimum leases |
Risk of tenants overstaying lease term | Defined lease terms with occupants and planned transitions at end of term |
Free month’s rent mandatory offering | Reliable monthly rent through a single lease with Sunwise |
Having reliable contractors and trades who can meet short timelines are hard to find | In-house staff ready to work immediately |
Out-of-pocket repair cost just to have the house rent-ready | We pay for all our internal repairs. |
Owner must have city building permits in-hand before issuing 4-month's notice to vacate | We use fixed-term agreements with clear vacancy timelines established from the start |
GALLERY

Bedroom

Bedroom

Kitchen

Bedroom
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what owners are saying
"It was truly great to work with you, and I appreciate all the care and attention you put into the property.
I’m grateful for the hassle-free experience and the effort you made to align everything with my plans—it really did feel like a win for everyone."
- Alireza, Homeowner awaiting redevelopment


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