175 Kelvin Grove Way

Lions Bay · MLS® R3072824

2.81 acres lot · Land · Vacant Land · 322 days on market

listed by James L Wang, RE/MAX City Realty

realtor's description

Ocean View! For sale together with the adjacent lot, 185 Kelvin Grove Way. Land Survey and Geotechnical Report Available.

property details

type: Land, Vacant Land
lot: 2.81 acres
parking: 0
property tax: $5,062 / yr
days on market: 322
MLS®: R3072824

the market here

listed now: 322 days; median for 2 homes for sale; this one 322 days

Homes in Lions Bay. Sale prices register 1 to 3 months after a sale closes.

property tax by year

year	assessed	est. tax
2026	$1,534,000	$5,047

The listing shows $5,062 a year in property tax.

Estimate: the BC Assessment value times Lions Bay'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

$18,827/mo

Mortgage $18,405 · Tax $422

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

estimated payment

$18,405/ monthly

loan $3,379,488

25-year amortization

down payment20% · $844,87220%+ down: no mortgage insuranceinterest rate4.34%Rates from Ratehub.ca (best 5-year fixed and variable), checked Oct 26, 2026. Semi-annual compounding; your lender's rate may differ.amortizationpayment frequency

total interest: $2,142,051
property transfer tax: $129,218; BC general rate
cash to close: $974,090; down + PTT
total paid: $5,521,539

first-time buyernewly builtforeign national

Estimates only. Rates change daily and lenders qualify at the stress-test rate. Talk to a mortgage broker before you offer. Transfer tax: 1% to $200k, 2% to $2M, 3% to $3M, 5% above. First-time buyers pay nothing on the first $500k for homes up to $835k (phasing out by $860k); newly built homes are exempt up to $1.1M (phasing out by $1.15M). Both need Canadian citizenship or permanent residence and other conditions; the 20% foreign buyer tax applies in Metro Vancouver, the Fraser Valley, the Capital Region, Central Okanagan and Nanaimo.