1 / 26

$2,088,000

1596 ISLAND PARK WALK

Vancouver · MLS® R3130403

3 bed · 3 bath · 2,268 sq ft · 3 parking

Townhouse · Single Family · built 1989 · 128 days on market

Listed by Margaret Song, Macdonald Realty Westmar

Discover the luxury of waterfront living in The Lagoons at Granville Island! Gorgeous Ocean/City/Mountain views from all principal rooms. This beautifully maintained home offers 2268sqft, as well as 5 balconies/decks with spectacular views from every vantage point. Architectural intrigue combined with abundant natural light pours into each spacious room, making it perfect for reading or entertaining. The striking master suite soars with a vaulted ceiling, walk-through closet and large ensuite. The second bedroom has a walk-in closet, ensuite and lovely false creek water views. The huge rec room can also serve as a third bedroom or home office. Parking for 3 vehicles. Pets are welcome. A truly special home!

Type: Townhouse, Single Family
Bedrooms: 3
Bathrooms: 3
Living area: 2,268 sq ft
Parking: 3
Year built: 1989
Property tax: $6,865 / yr
Strata fee: $1,307 / mo ($0.58 / sq ft)
Strata rules: Pets Allowed
Days on market: 128
MLS®: R3130403

Buying in a building from 1982 to 2000: what to read first

Below typical for the area (-10%)

2026 assessment: $2,383,000 · asking is -12%
Price per sq ft: $921 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.

Central location
Private setting
Pets Allowed
All

On market 128 days

Listed now: 44 days; median for 480 townhouses for sale; this one 128 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 Maps can be out of date or miss a lot line; confirm with the municipality.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 Hudson Elementaryhomes in this catchment
700 m away · 1530 Maple Street, Vancouver · 604-713-5441
Secondary Kitsilano Secondaryhomes in this catchment
2.0 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.

$10,976/mo

Mortgage $9,097 · Tax $572 · Strata $1,307

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

estimated payment

$9,097/ monthly

loan $1,670,400

25-year amortization

down payment20% · $417,60020%+ 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: $1,058,765
property transfer tax: $40,640; BC general rate
cash to close: $458,240; down + PTT
total paid: $2,729,165

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: −$8,846/mo
Cap rate: 0.1%; yearly net rent ÷ price

Rent / moDown payment %Rate %

Costs: mortgage $9,097 · tax $572 · strata $1,307 · 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

Keep private notes and ratings on homes you're considering. Sign in (email only) and they follow you to every device.

VancouverGoogle Maps ↗