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$1,599,000

1002 IRONWORK PASSAGE

Vancouver · MLS® R3169526

3 bed · 2 bath · 1,480 sq ft · 1 parking

Townhouse · Single Family · built 1976 · 14 days on market

Listed by Daryl Grimson, Sutton Group - Grimson Realty

Realtor's description

WATERFRONT CORNER TOWNHOUSE: 3 bdrms, lg den, 2 bthrms, 3 decks, 2 levels. Beautiful water, park, City & Mt. VIEWS. Features include: windows on 3 sides & skylights, new gas fireplace, new blinds, new hot water tank, doors & closets. Marine Mews is the best complex in all of False Creek: fully rain-screened, 50 yr. metal roofs, new parking podium & recently painted. Pets & Rentals OK. 1 parking-EV charging available, COV land lease to 2056 w/attractive end buyout. On the Seawall & Park. Close to everything: Granville Island, school, shopping, restaurants, bus, Canada Line, VGH, Cambie Corridor & downtown. World Class Location. OPen: Sunday Oct. 11, 1:00-2:30.

Property details

Type: Townhouse, Single Family
Bedrooms: 3
Bathrooms: 2
Living area: 1,480 sq ft
Parking: 1
Year built: 1976
Property tax: $4,874 / yr
Strata fee: $651 / mo ($0.44 / sq ft)
Strata rules: Pets Allowed With Restrictions, Rentals Allowed With Restrictions
Days on market: 14
MLS®: R3169526

Features

Central location
Private setting
Pets Allowed With Restrictions
Rentals Allowed With Restrictions
All

Floor plans

Found among the listing photos.

Price check

Typical for the area (+5.2%)

2026 assessment: $1,449,000 · asking is +10%
Price per sq ft: $1,080 vs $1,027 median for townhouses in Vancouver for sale (479)

An estimate from public BC Assessment records, registered sales and the listings for sale right now, not an appraisal. Condition, renovations, views and lot all move real value.

Property insights

On market 14 days · no price changes so far

The market here

Listed now: 45 days; median for 497 townhouses for sale; this one 14 days

Townhouses in Vancouver. Sale prices register 1 to 3 months after a sale closes.

Property tax by year

Year	Assessed	Est. tax
2026	$1,449,000	$4,872
2025	$1,524,000	$4,748

Estimated tax up 2.6% from 2025 to 2026.

The listing shows $4,874 a year in property tax.

Estimate: the BC Assessment value times Vancouver's residential tax rate for that year (Province of BC, local government statistics). Leaves out the home owner grant, parcel taxes and utility charges; the city's tax notice is the real figure.

Monthly cost

$8,024/mo

Mortgage $6,967 · Tax $406 · Strata $651

20% down at 4.34% fixed (Ratehub.ca), 25 years; tax from the listing; strata fee from the listing.

estimated payment

$6,967/ monthly

loan $1,279,200

25-year amortization

down payment20% · $319,80020%+ down: no mortgage insuranceinterest rate4.34%Rates from Ratehub.ca (best 5-year fixed and variable), checked Oct 9, 2026. Semi-annual compounding; your lender's rate may differ.amortizationpayment frequency

total interest: $810,807
property transfer tax: $29,980; BC general rate
cash to close: $349,780; down + PTT
total paid: $2,090,007

Estimates only. Rates change daily and lenders qualify at the stress-test rate; first-time-buyer and newly-built PTT exemptions aren't applied. Talk to a mortgage broker before you offer.

If you rented it out

Rent: $2,506/mo
After all costs: −$5,893/mo
Cap rate: 0.8%; yearly net rent ÷ price

Rent / moDown payment %Rate %

Costs: mortgage $6,967 · tax $406 · strata $651 · insurance ~$175 · vacancy 3% · upkeep 5%.

Rent starts at CMHC's average for a 2-bedroom in South Granville/Oak, Vancouver (CMHC Rental Market Survey, October 2025). Averages include long-time tenants, so new leases usually ask more; houses usually rent for more than apartments. 25-year mortgage; rental purchases need at least 20% down.

BC rules for landlords

Short-term rentals are limited to the host's principal residence in most communities. gov.bc.ca
Rent increases are capped once a year at the province's set amount. gov.bc.ca
The speculation and vacancy tax applies in many areas to homes not lived in or rented out. gov.bc.ca
Vancouver also charges an empty homes tax. vancouver.ca
Selling within two years of buying can trigger the BC home flipping tax. gov.bc.ca

Location

The building's lot: 3,352 m² (36,081 sq ft) · PID 007-430-850. From ParcelMap BC; property lines are approximate, a survey is the legal boundary.

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Location

VancouverGoogle Maps ↗

Schools

Catchment schools, Vancouver School Board

Elementary False Creek Elementaryhomes in this catchment
100 m away · 900 School Green, Vancouver · 604-713-4959
Secondary Kitsilano Secondaryhomes in this catchment
2.7 km away · 2706 Trafalgar St, Vancouver · 604-713-8961

From the Vancouver School Board'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.

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