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$699,000

206 3594 MALSUM DRIVE

North Vancouver · MLS® R3173408

2 bed · 2 bath · 752 sq ft · 2 parking

Condo · Single Family · built 2025 · listed today

Listed by Aamir Khan, Century 21 In Town Realty

Price: Listed $27K below assessed value. Vacant / Easy to show. Location: Ideally situated near local trails, the marina, and great neighborhood amenities-a wonderful opportunity for first-time home buyers! Specs: 2 Bedrooms, 2 Bathrooms | 752 sq. ft. Key Features: Modern, bright open-concept layout with built-in closets and a lovely private balcony with serene forest views. Included: 2 parking stalls (1 with EV charging) and 1 storage locker. Warranty: Balance of 2/5/10 home warranty remaining. Amenities: Gym, lounge, secure parking, and a cozy rooftop patio complete with BBQs and fire pits. Potential Rental Income : $3250/month Vacant & Easy to show!

Type: Condo, Single Family
Bedrooms: 2
Bathrooms: 2
Living area: 752 sq ft
Parking: 2
Year built: 2025
Property tax: $3,675 / yr
Strata fee: $406 / mo ($0.54 / sq ft)
Strata rules: Pets Allowed With Restrictions, Rentals Allowed With Restrictions
Days on market: 0
MLS®: R3173408

Typical for the area (-2.1%)

Price per sq ft: $930 vs $949 median for condos in North Vancouver for sale (441)

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.

Treed
Elevator
Pets Allowed With Restrictions
Rentals Allowed With Restrictions
All

On market 0 days

Listed now: 29 days; median for 441 condos for sale; this one listed today

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

FloodplainNo
Not within a designated floodplain on the provincial floodplain maps. These maps are historical and don't cover every river or the coast.
Source: Province of BC, Mapped Floodplains in BC
Agricultural Land ReserveNo
Not inside the Agricultural Land Reserve on the provincial map.
Source: Agricultural Land Commission, ALR boundary
HeritageNo
Not on the BC Register of Historic Places or in a heritage conservation area.
Source: BC Heritage Branch, historic places and conservation areas

From public government maps, matched to the listing's map pin. Maps can be out of date or miss a lot line; confirm with the municipality.

$3,758/mo

Mortgage $3,045 · Tax $306 · Strata $406

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

estimated payment

$3,045/ monthly

loan $559,200

25-year amortization

down payment20% · $139,80020%+ 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: $354,443
property transfer tax: $11,980; BC general rate
cash to close: $151,780; down + PTT
total paid: $913,643

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.

Rent: $2,589/mo
After all costs: −$1,411/mo
Cap rate: 2.8%; yearly net rent ÷ price

Rent / moDown payment %Rate %

Costs: mortgage $3,045 · tax $306 · strata $406 · 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

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