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$1,999,998

107 551 W 28TH AVENUE

Vancouver · MLS® R3146221

3 bed · 3 bath · 1,453 sq ft · 2 parking

Townhouse · Single Family · built 2025 · 86 days on market

Listed by Tory Haakstad, Rennie & Associates Realty Ltd.

Realtor's description

Welcome to Soto on W28 by FORME Development. This move-in ready 3 bed & Flex + 2.5 bath townhome offers 1,453 sqft of refined living with a rare 20´ wide layout, up to 10´ ceilings, and expansive floor-to-ceiling windows that fill the home with natural light. The modern kitchen features matte cabinetry, an oversized island with wine fridge, and a full Gaggenau appliance package. Enjoy A/C, engineered flooring, a custom media wall, private storage, and an EV-ready double garage with direct access. Outdoor living includes front and back patios plus a private rooftop terrace with sweeping mountain and city views. All set in one of Vancouver´s best neighborhoods-steps to Cambie Village, Queen Elizabeth Park, rapid transit, shops, cafés, and top school catchments.

Property details

Type: Townhouse, Single Family
Bedrooms: 3
Bathrooms: 3
Living area: 1,453 sq ft
Parking: 2
Year built: 2025
Strata fee: $567 / mo ($0.39 / sq ft)
Strata rules: Pets Allowed With Restrictions, Rentals Allowed With Restrictions
Days on market: 86
MLS®: R3146221

Features

Private setting
Pets Allowed With Restrictions
Rentals Allowed With Restrictions
All

Floor plans

Found among the listing photos.

Price check

Above typical for the area (+34%)

2026 assessment: $2,421,000 · asking is -17%
Price per sq ft: $1,376 vs $1,027 median for townhouses in Vancouver for sale (475)

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 86 days · no price changes so far

The market here

Listed now: 45 days; median for 494 townhouses for sale; this one 86 days

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

Property tax by year

Year	Assessed	Est. tax
2026	$2,421,000	$8,141

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

$9,280/mo

Mortgage $8,714 · Strata $567

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

estimated payment

$8,714/ monthly

loan $1,599,998

25-year amortization

down payment20% · $400,00020%+ 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: $1,014,141
property transfer tax: $38,000; BC general rate
cash to close: $438,000; down + PTT
total paid: $2,614,140

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: −$7,150/mo
Cap rate: 0.9%; yearly net rent ÷ price

Rent / moDown payment %Rate %

Costs: mortgage $8,714 · strata $567 · 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

VancouverGoogle Maps ↗

Location

VancouverGoogle Maps ↗

Schools

Catchment schools, Vancouver School Board

Elementary Cavell Elementaryhomes in this catchment
800 m away · 500 20th Ave W, Vancouver · 604-713-4932
Secondary Eric Hamber Secondaryhomes in this catchment
900 m away · 960 W. 33rd Avenue, Vancouver · 604-713-8927

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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