Home > All listings > 317 5535 Admiral Way

$1,150,000

317 5535 Admiral Way

Neilsen Grove, Delta, BC, V4K 0E3

2 | 2 | 2 | 1,180 sq.ft. | Year Built: 2021 |

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WATER FACING VIEW! Live in this amazing 2 bed 2 bath 1,184 sq. ft. luxury, one of a kind waterfront penthouse with sweeping water views in the master-planned community of Hampton Cove. This North-West facing, bright unit boasts open living area, 10' ceilings and an expansive kitchen with a large central island, perfect for entertaining! Each bedroom has own walk-in closet. Enjoy the large deck off the living room with expansive water views. 2 large side by sign parkings, separate large storage locker on the same floor. Enjoy the one of a kind Hampton Club offers outdoor pool with expansive deck, year around hot tub, gym, basketball court and much more.

Property Info

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MLS®: R3024820

Listing Courtesy of Heller Murch Realty

Total Bedrooms 2

Total Bathrooms 2

Floor Space 1180 sq.ft.

Title Type Freehold Strata

Date Listed XXXX-XX-XX

Property Type Condo

Listed Price $1,150,000

Unit Pricing $975/sq.ft.

Strata Fee $596.97

Tax Estimate $3,720/Year

Year Built 2021

Interior Features

Rooms

More Details

Storey 1

Floor Space Finished 1180.00 sq.ft.

Rules Cats OK, Dogs OK, Yes

Roof XXXXXXXX

Zoning CD-430

Exterior Finish XXXXXXXXXXXXXXXXXXXXXXXXXXX

Parking Underground, Guest, Front Access

Parking Cover 2

Parking Total 2

Fuel Heating Forced Air, Heat Pump

Water Supply XXXXXX

Foundation Concrete Perimeter

Summary

Location and General Information

MLS Area Major: Ladner
Street Name: Admiral
City: Delta
State Or Province: BC
Postal Code: V4K 0E3
Property Type: Residential
Property Sub Type: Apartment/Condo

Taxes and HOA Information

Tax Year: 2025

Interior and Exterior Features

Bathrooms Information

Bathrooms Full: 2

Interior Features

Basement: None
Interior Features: Elevator, Guest Suite, Storage

Exterior Features

Exterior Features: Garden, Balcony
Roof: Torch-On
Pool Features: Outdoor Pool

Property

Utilities

Sewer: Sanitary Sewer, Storm Sewer
Water Source: Public

Property and Assessments

Foundation Details: Concrete Perimeter
Year Built: 2021
Building Area Total: 1180
Living Area: 1180

Lot Information

Lot Features: Cul-De-Sac, Marina Nearby, Private, Rural Setting, Wooded
Parcel Number: 031279546

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City Introduction

Overview of Delta, BC, Canada

Population

Delta is a city in the Greater Vancouver region of British Columbia, with a population of approximately 108,000 (2021). The population density is 603.7 people per square kilometer. Delta is a multicultural city, with about 45% of residents belonging to visible minorities, including a significant South Asian community (26.1%) and a Chinese community (9%).

Economy

Key Industries: Agriculture, fishing, logistics, and tourism. Delta is known for its fertile farmland and rich fishing resources, making it a key agricultural and fishing hub in BC.
Commercial Centers: Tsawwassen Mills is the fourth-largest shopping center in BC, attracting both consumers and investors.
Transportation Hub: The Tsawwassen Ferry Terminal is the largest ferry terminal in North America, connecting Greater Vancouver to Vancouver Island and other islands.

Living Features

Natural Environment: Delta boasts abundant natural landscapes, including Boundary Bay Park and numerous community parks, ideal for outdoor activities.
Transportation: Delta is well-connected to downtown Vancouver via highways and ferries, with a commute time of about 40 minutes.
Multiculturalism: The city's diverse communities and cultural events make it an inclusive and vibrant place to live.

Real Estate Investment

Prices: Delta's housing prices are relatively moderate compared to Vancouver, with detached homes averaging $1.2 million CAD and condos around $600,000 CAD (2024).

Opportunities:

Stable rental market: Delta's transportation links and natural environment attract a steady stream of renters, ensuring high rental yields.
Long-term growth potential: Proximity to downtown Vancouver and ongoing infrastructure projects support sustained property value growth.

Risks:

Foreign buyer taxes (20%) and vacancy taxes may increase investment costs.
Rapid price increases in some areas require careful timing for investments.

Verdict

Delta is ideal for those seeking a high quality of life and long-term investment. Popular residential areas include Tsawwassen and Ladner, while properties near transportation hubs are attractive for investors.

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