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$879,000

201 422 Lakewood Drive

Vancouver · MLS® R3163371

All units at 422 Lakewood Dr →

3 bed · 2 bath · 916 sq ft · 1 parking

Condo · Single Family · built 2026 · 30 days on market

Listed by Mehdi Shamei, Parallel 49 Realty

Realtor's description

EXCLUSIVE OFFERING: 25% OFF ALL HOMES! FIRST 10 HOMES TO REACH FIRM SALE! Price incentive reflected in the listed price. This 3BED + BALCONY home seamlessly blends style & functionality, featuring Waterproof Luxury Vinyl Flooring, Custom Closet Organizers & Smart-Home technology with App-Controlled Appliances, Entry locks, Lighting, A/C & Heating. The modern Kitchen showcases Open shelving, Matte Black appliances & Elegant Bettoglio Quartz surfaces. Enjoy Rooftop Amenities with Lush Urban Gardens & Panoramic City, Mountain & Water Views. The homes at HILLTOP offer premium living in Grandview-Woodland, a Walker´s & Biker´s Paradise! Stroll to The Drive, Pandora Park, Templeton Pool & an array of Popular Shops, Cafes & Restaurants - all just 10 minutes from Downtown Vancouver.

Property details

Type: Condo, Single Family
Bedrooms: 3
Bathrooms: 2
Living area: 916 sq ft
Parking: 1
Year built: 2026
Strata fee: $417 / mo ($0.46 / sq ft)
Strata rules: Pets Allowed With Restrictions
Days on market: 30
MLS®: R3163371

Features

Central location
Elevator
Pets Allowed With Restrictions
All

Price check

Typical for the area (-5.9%)

2026 assessment: $8,146,000 · asking is -89%
Price per sq ft: $960 vs $1,020 median for condos in Vancouver for sale (2064)

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.

Property insights

On market 30 days · no price changes so far

The market here

Listed now: 38 days; median for 2243 condos for sale; this one 30 days

Condos in Vancouver. Sale prices register 1 to 3 months after a sale closes.

Property tax by year

Year	Assessed	Est. tax
2026	$8,146,000	$27,392

Estimate: the BC Assessment value times Vancouver'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

$4,247/mo

Mortgage $3,830 · Strata $417

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

estimated payment

$3,830/ monthly

loan $703,200

25-year amortization

down payment20% · $175,80020%+ down: no mortgage insuranceinterest rate4.34%Rates from Ratehub.ca (best 5-year fixed and variable), checked Oct 10, 2026. Semi-annual compounding; your lender's rate may differ.amortizationpayment frequency

total interest: $445,716
property transfer tax: $15,580; BC general rate
cash to close: $191,380; down + PTT
total paid: $1,148,916

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.

If you rented it out

Rent: $2,608/mo
After all costs: −$1,883/mo
Cap rate: 2.7%; yearly net rent ÷ price

Rent / moDown payment %Rate %

Costs: mortgage $3,830 · strata $417 · insurance ~$35 · vacancy 3% · upkeep 5%.

Rent starts at CMHC's average for a 3+ bedroom in East Hastings, 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

The building's lot: 920 m² (9,903 sq ft) · PID 032-826-672. From ParcelMap BC; property lines are approximate, a survey is the legal boundary.

VancouverGoogle Maps ↗

Location

VancouverGoogle Maps ↗

Schools

Catchment schools, Vancouver School Board

Elementary Hastings Elementaryhomes in this catchment
800 m away · 2625 Franklin St, Vancouver · 604-713-5507
Secondary Templeton Secondaryhomes in this catchment
300 m away · 727 Templeton Dr, Vancouver · 604-713-8984

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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