1 224 W 16th Street

20% down at 4.44% fixed (Ratehub.ca), 25 years; tax from the listing; strata fee from the listing.

rent

$3,940/mo

after all costs

−$4,921/mo

cap rate

1.8%

yearly net rent ÷ price

Costs: mortgage $7,478 · tax $443 · strata $450 · insurance ~$175 · vacancy 3% · upkeep 5%.

Rent is today's market rent for a 3+ bedroom in North Vancouver: CMHC's average there ($3,333) raised by what new tenants pay against everyone in the Vancouver area, then down 3.5% with Vancouver's asking rents, 2025 Q4 → 2026 Q2. (CMHC Rental Market Survey, October 2025; CMHC Rental Market Report 2025, table 6.0 (rents on units that turned over to a new tenant); trend: Statistics Canada.) Houses usually rent for more than apartments. 25-year mortgage; rental purchases need at least 20% down.

Catchment schools, North Vancouver School District 44

• Elementary Queen Mary Elementaryhomes in this catchment

  500 m away · 230 Keith Rd W, North Vancouver · 604-903-3720

• Secondary Carson Graham Secondaryhomes in this catchment

  800 m away · 2145 Jones Ave, North Vancouver · 604-903-3555

From the North Vancouver School District 44's published catchment maps. A catchment gives priority, not a guaranteed seat, and French immersion and choice programs work differently. The district confirms catchment: check with its school locator.