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$1,100,000

203 540 WATERS EDGE CRESCENT

West Vancouver · MLS® R3129446

2 bed · 2 bath · 895 sq ft · 1 parking

Condo · Single Family · built 2007 · 132 days on market

Listed by Lisa Zumpano, Engel & Volkers Vancouver

Realtor's description

Serene 2 bedroom, 2 bath Waters Edge condo with soaring 1O' ceilings and plenty of light. Feel like you've walked into a timelessly elegant building, the likes of which you'd see in New York or London. This concrete low rise is steps to the seawall, Park Royal and the Capilano river trail. Beautifully appointed with hardwood flooring throughout, stone countertops, two patios and plenty of sunshine. Enjoy the amenities of the complex: gym, sauna, library. An excellent price point to get into a two bedroom condo in a concrete building in West Vancouver. By appointment.

Property details

Type: Condo, Single Family
Bedrooms: 2
Bathrooms: 2
Living area: 895 sq ft
Parking: 1
Year built: 2007
Property tax: $2,975 / yr
Strata fee: $670 / mo ($0.75 / sq ft)
Strata rules: Pets Allowed With Restrictions, Rentals Allowed With Restrictions
Days on market: 132
MLS®: R3129446

Features

Pets Allowed With Restrictions
Rentals Allowed With Restrictions

Floor plans

Found among the listing photos.

Price check

Typical for the area (+6.6%)

Price per sq ft: $1,229 vs $1,153 median for condos in West Vancouver for sale (91)

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 132 days

The market here

Listed now: 56 days; median for 91 condos for sale; this one 132 days

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

Monthly cost

$5,711/mo

Mortgage $4,793 · Tax $248 · Strata $670

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

estimated payment

$4,793/ monthly

loan $880,000

25-year amortization

down payment20% · $220,00020%+ down: no mortgage insuranceinterest rate4.34%Rates from Ratehub.ca (best 5-year fixed and variable), checked Oct 7, 2026. Semi-annual compounding; your lender's rate may differ.amortizationpayment frequency

total interest: $557,778
property transfer tax: $20,000; BC general rate
cash to close: $240,000; down + PTT
total paid: $1,437,778

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: $3,252/mo
After all costs: −$2,754/mo
Cap rate: 2.2%; yearly net rent ÷ price

Rent / moDown payment %Rate %

Costs: mortgage $4,793 · tax $248 · strata $670 · insurance ~$35 · vacancy 3% · upkeep 5%.

Rent starts at CMHC's average for a 2-bedroom in West 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