NewHouse
$1,678,888
1 182 ONTARIO PLACE
Vancouver43 days on market
3 bd4 ba1,500 sq ft
MLS® R31586241 / 40
$1,999,000
132-134 W 12TH AVENUE
Vancouver · MLS® R3170387
6 bed · 4 bath · 2,300 sq ft · 4,026 sq ft lot · 4 parking
House · Single Family · built 1976 · 9 days on market
Listed by Neil Chahal, Sutton Group-West Coast Realty
Realtor's description
Purpose-built up/down duplex on a flat lot between Main & Cambie, boasting a highly-efficient and practical layout, with full-height ceilings on both floors. Two separate 3-bed, 2-bath suites, each with dedicated street-facing front doors, private outdoor areas, parking, and laundry. Units offer updated kitchens, bathrooms, flooring, paint, windows, with a hard-wearing metal roof and low-maintenance exterior stucco finish. Quiet, south-facing backyard receives ample natural light. Live in one unit and rent the other, use for multi-generational housing, or hold as a turnkey investment with potential rent of $7,000/month. Property offers lucrative development potential under the Broadway Corridor Plan. Short walk to Skytrain, City Hall, hospitals, cafés, and shops, and more.
Property details
- Type
- House, Single Family
- Bedrooms
- 6
- Bathrooms
- 4
- Living area
- 2,300 sq ft
- Lot
- 4,026 sq ft
- Parking
- 4
- Year built
- 1976
- Property tax
- $11,403 / yr
- Days on market
- 9
- MLS®
- R3170387
Features
- Central location
- All
Floor plans
Found among the listing photos.
Monthly cost
$9,660/mo
Mortgage $8,709 · Tax $950
20% down at 4.34% fixed (Ratehub.ca), 25 years; tax from the listing.
If you rented it out
- Suite rent
- $1,704/mo
- Your cost after the suite
- $8,267/mo
- vs $9,835 without it
Costs: mortgage $8,709 · tax $950 · insurance ~$175 · vacancy 3% · upkeep 5%.
Rent starts at CMHC's average for a 3+ bedroom (1-bedroom for the suite) in Mount Pleasant/Renfrew Heights, 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 ↗
Schools
Catchment schools, Vancouver School Board
- Elementary Fraser Elementaryhomes in this catchment
300 m away · 100 15th Ave W, Vancouver · 604-713-4946
- Secondary Eric Hamber Secondaryhomes in this catchment
2.6 km 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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