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$549,000

113 960 LYNN VALLEY ROAD

Vancouver · MLS® R3127326

1 bed · 1 bath · 714 sq ft · 1 parking

Condo · Single Family · built 2002 · 135 days on market

Listed by Vera Cosovan, Sutton Group-West Coast Realty

Ground-Floor Garden Oasis at Balmoral House (55+) Living at its finest. Rarely available and flooded with southeast light, this updated 1-bedroom home boasts soaring 9´6" ceilings and a private garden patio right off the living room, ideal for relaxation and your four-legged companion. Soaring ceilings, cozy fireplace, and an open-concept kitchen with granite counters and stainless steel appliances. In-suite laundry, secure underground parking, and a cozy lobby lounge on the same floor create a very livable home. Prime Location, steps to transit, historic Molly Nye House, and Karen Magnussen Rec Centre. A rare combination of high ceilings, outdoor space, and community amenities. Schedule your tour today.

Type: Condo, Single Family
Bedrooms: 1
Bathrooms: 1
Living area: 714 sq ft
Parking: 1
Year built: 2002
Property tax: $1,735 / yr
Strata fee: $431 / mo ($0.60 / sq ft)
Strata rules: Adult Oriented, Pets Allowed With Restrictions, Rentals Allowed With Restrictions
Days on market: 135
MLS®: R3127326

Below typical for the area (-25%)

Price per sq ft: $769 vs $1,020 median for condos in Vancouver for sale (2065)

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.

Adult Oriented
Pets Allowed With Restrictions
Rentals Allowed With Restrictions
All

On market 135 days

Listed now: 41 days; median for 2065 condos for sale; this one 135 days

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

FloodplainNo
Not within a designated floodplain on the provincial floodplain maps. These maps are historical and don't cover every river or the coast.
Source: Province of BC, Mapped Floodplains in BC
Agricultural Land ReserveNo
Not inside the Agricultural Land Reserve on the provincial map.
Source: Agricultural Land Commission, ALR boundary
HeritageNo
Not on the BC Register of Historic Places or in a heritage conservation area.
Source: BC Heritage Branch, historic places and conservation areas

From public government maps, matched to the listing's map pin. Maps can be out of date or miss a lot line; confirm with the municipality.

Catchment schools, North Vancouver School District 44

Elementary Boundary Elementaryhomes in this catchment
400 m away · 750 26th St E, North Vancouver · 604-903-3260
Secondary Argyle Secondaryhomes in this catchment
1.0 km away · 1131 Frederick Rd, North Vancouver · 604-903-3300

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.

$2,968/mo

Mortgage $2,392 · Tax $145 · Strata $431

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

estimated payment

$2,392/ monthly

loan $439,200

25-year amortization

down payment20% · $109,80020%+ down: no mortgage insuranceinterest rate4.34%Rates from Ratehub.ca (best 5-year fixed and variable), checked Oct 7, 2026. Semi-annual compounding; your lender's rate may differ.amortizationpayment frequency

total interest: $278,382
property transfer tax: $8,980; BC general rate
cash to close: $118,780; down + PTT
total paid: $717,582

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.

Rent: $1,807/mo
After all costs: −$1,340/mo
Cap rate: 2.3%; yearly net rent ÷ price

Rent / moDown payment %Rate %

Costs: mortgage $2,392 · tax $145 · strata $431 · insurance ~$35 · vacancy 3% · upkeep 5%.

Rent starts at CMHC's average for a 1-bedroom in Metro 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

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