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$1,125,000

1130 IRONWORK PASSAGE

Vancouver · MLS® R3111278

2 bed · 2 bath · 1,245 sq ft · 1 parking

Townhouse · Single Family · built 1978 · 176 days on market

Listed by Stephanie Dinh-Walsh, Macdonald Realty Westmar

Discover serene, single-level living in one of Vancouver´s most sought-after waterfront locations. This 2bed home where the 2nd bedrm can easily be converted to an office or den, open living space + a stunning 378sf Terrazzo patio with panoramic water, marina, city, & mountain views. Step right out your front door onto the False Creek Seawall. Walk to Granville Island in minutes or enjoy a scenic stroll to Olympic Village. This home delivers the perfect mix of urban convenience & tranquility in a lush, garden courtyard setting. Custom Cherry wood cabinetry, Bird´s Eye Maple solid-core doors, h/w floors, Raku-washed walls, wood-burning fp, Gas stove, privacy blinds, new sliding doors ~525sf of Crawlspace! Live the best of West Coast living-w/ nature, culture & downtown right at your doorstep.

Type: Townhouse, Single Family
Bedrooms: 2
Bathrooms: 2
Living area: 1,245 sq ft
Parking: 1
Year built: 1978
Property tax: $3,796 / yr
Strata fee: $541 / mo ($0.43 / sq ft)
Strata rules: Pets Allowed
Days on market: 176
MLS®: R3111278

Below typical for the area (-12%)

Price per sq ft: $904 vs $1,032 median for townhouses in Vancouver for sale (483)

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.

Central location
Private setting
Pets Allowed

On market 176 days

Listed now: 44 days; median for 483 townhouses for sale; this one 176 days

Townhouses 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 Maps can be out of date or miss a lot line; confirm with the municipality.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, Vancouver School Board

Elementary False Creek Elementaryhomes in this catchment
Secondary Kitsilano Secondaryhomes in this catchment

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.

$5,759/mo

Mortgage $4,902 · Tax $316 · Strata $541

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

estimated payment

$4,902/ monthly

loan $900,000

25-year amortization

down payment20% · $225,00020%+ 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: $570,455
property transfer tax: $20,500; BC general rate
cash to close: $245,500; down + PTT
total paid: $1,470,455

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: $2,506/mo
After all costs: −$3,628/mo
Cap rate: 1.4%; yearly net rent ÷ price

Rent / moDown payment %Rate %

Costs: mortgage $4,902 · tax $316 · strata $541 · 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

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