201 225 W 3RD STREET
North Vancouver · MLS® R3170325
2 bed · 1 bath · 762 sq ft · 1 parking
Condo · Single Family · built 1974 · 11 days on market
Listed by Derek Hui, eXp Realty
Open house · Sunday, October 11, 2pm–4pm
Realtor's description
Welcome to Villa Valencia in the heart of vibrant Lower Lonsdale! This beautifully renovated 1-bed, 1-bath, 762 sqft condo faces the south side of the building, away from the noise on 3rd Street. Step out to your private balcony to enjoy stunning views of the Downtown Vancouver skyline. Enjoy unbeatable walkability, just steps to Lonsdale Quay, the SeaBus, Polygon Gallery, Alchemy Coffee, restaurants and boutiques. Building features include secure underground parking, a storage locker, elevator access, and shared laundry. An incredible opportunity to own in one of the North Shore's most highly sought-after waterfront communities! OPEN HOUSE OCT 11, 2-4PM.
Property details
- Type
- Condo, Single Family
- Bedrooms
- 2
- Bathrooms
- 1
- Living area
- 762 sq ft
- Parking
- 1
- Year built
- 1974
- Property tax
- $1,845 / yr
- Strata fee
- $459 / mo ($0.60 / sq ft)
- Strata rules
- Pets Allowed With Restrictions, Rentals Allowed With Restrictions
- Days on market
- 11
- MLS®
- R3170325
Features
- Elevator
- Pets Allowed With Restrictions
- Rentals Allowed With Restrictions
Monthly cost
20% down at 4.34% fixed (Ratehub.ca), 25 years; tax from the listing; strata fee from the listing.
If you rented it out
- Rent
- $2,589/mo
- After all costs
- −$575/mo
- Cap rate
- 3.9%
- yearly net rent ÷ price
Costs: mortgage $2,309 · tax $154 · strata $459 · insurance ~$35 · vacancy 3% · upkeep 5%.
Rent starts at CMHC's average for a 2-bedroom in North 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
- Selling within two years of buying can trigger the BC home flipping tax. gov.bc.ca
Location
Schools
Catchment schools, North Vancouver School District 44
- Elementary Queen Mary Elementaryhomes in this catchment
600 m away · 230 Keith Rd W, North Vancouver · 604-903-3720
- Secondary Carson Graham Secondaryhomes in this catchment
1.6 km away · 2145 Jones Ave, North Vancouver · 604-903-3555
From the North Vancouver School District 44'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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