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$559,000

202 212 FORBES AVENUE

North Vancouver · MLS® R3159796

2 bed · 1 bath · 833 sq ft · 2 parking

Condo · Single Family · built 1976 · 42 days on market

Listed by Kerri Demski, Babych Group Realty Vancouver Ltd.

Realtor's description

Great opportunity in Lower Lonsdale! This bright + spacious 2-bedroom, 1-bath corner home offers beautiful west-facing views of Cypress Mountain, spectacular sunsets and downtown skyline from the balcony. Inside you'll find laminate flooring, stainless appliances, fresh paint, a soaker tub + heated tile. The building has undergone extensive upgrades, incl. a full rainscreen, new exterior, double-glazed windows and sliding doors (2009), balconies, railings + plumbing (2010), roof (2017), intercom (2017), driveway (2019), elevator replacement (2026). A fantastic bonus is TWO PARKING plus a large storage locker. 2 CATS and 1 DOG! Walk to, off leash, Waterfront Park with your pooch, the Shipyards, Lonsdale Quay, SeaBus, restaurants, pubs, shops. Call to book your showing.

Property details

Type: Condo, Single Family
Bedrooms: 2
Bathrooms: 1
Living area: 833 sq ft
Parking: 2
Year built: 1976
Property tax: $1,906 / yr
Strata fee: $572 / mo ($0.69 / sq ft)
Strata rules: Pets Allowed With Restrictions, Rentals Allowed With Restrictions
Days on market: 42
MLS®: R3159796

Features

Central location
Elevator
Pets Allowed With Restrictions
Rentals Allowed With Restrictions
Refrigerator
Stove

Floor plans

Found among the listing photos.

Price check

Below typical for the area (-29%)

2026 assessment: $569,300 · asking is -1.8%
Price per sq ft: $671 vs $948 median for condos in North Vancouver for sale (422)

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 42 days · no price changes so far

The market here

Listed now: 30 days; median for 464 condos for sale; this one 42 days

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

Property tax by year

Year	Assessed	Est. tax
2026	$569,300	$1,868

The listing shows $1,906 a year in property tax.

Estimate: the BC Assessment value times North 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

$3,166/mo

Mortgage $2,436 · Tax $159 · Strata $572

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

estimated payment

$2,436/ monthly

loan $447,200

25-year amortization

down payment20% · $111,80020%+ down: no mortgage insuranceinterest rate4.34%Rates from Ratehub.ca (best 5-year fixed and variable), checked Oct 9, 2026. Semi-annual compounding; your lender's rate may differ.amortizationpayment frequency

total interest: $283,453
property transfer tax: $9,180; BC general rate
cash to close: $120,980; down + PTT
total paid: $730,653

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: $2,589/mo
After all costs: −$819/mo
Cap rate: 3.5%; yearly net rent ÷ price

Rent / moDown payment %Rate %

Costs: mortgage $2,436 · tax $159 · strata $572 · 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

The building's lot: 1,813 m² (19,515 sq ft) · PID 003-991-652. From ParcelMap BC; property lines are approximate, a survey is the legal boundary.

North VancouverGoogle Maps ↗

Location

North VancouverGoogle Maps ↗

Schools

Catchment schools, North Vancouver School District 44

Elementary Queen Mary Elementaryhomes in this catchment
700 m away · 230 Keith Rd W, North Vancouver · 604-903-3720
Secondary Carson Graham Secondaryhomes in this catchment
1.4 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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