185 Kelvin Grove Way

Lions Bay · MLS® R3072819

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

listed by James L Wang, RE/MAX City Realty

realtor's description

Beautiful ocean view! Bare land with potential for rezoning. Marketed together with the adjacent lot, 175 Kelvin Grove Way.

property details

type: Land, Vacant Land
lot: 3.21 acres
parking: 0
property tax: $5,733 / yr
days on market: 322
MLS®: R3072819

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	$1,790,000	$5,890

The listing shows $5,733 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

$21,232/mo

Mortgage $20,755 · Tax $478

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

estimated payment

$20,755/ monthly

loan $3,810,912

25-year amortization

down payment20% · $952,72820%+ 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: $2,415,505
property transfer tax: $156,182; BC general rate
cash to close: $1,108,910; down + PTT
total paid: $6,226,417

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.