Condo
$779,000
17% less per sq ft304 325 W 3RD STREET
North Vancouver45 days on market
MLS® R3158659
1 / 19
$700,000
207 122 E 3RD STREET
North Vancouver · MLS® R3117763
2 bed · 2 bath · 880 sq ft · 1 parking
Condo · Single Family · built 2005 · 162 days on market
Listed by Brad Richert, Real Broker B.C. Ltd.
Realtor's description
Set in the heart of Lower Lonsdale, one of North Vancouver´s most vibrant and walkable neighbourhoods, The Sausalito is a highly sought after buildings with premium finishes. Inside, the homes are finished to an exceptional standard: hardwood flooring, gas fireplace, soaker tubs, designer lighting & fixtures, and Kohler-appointed bathrooms. Kitchens feature granite countertops, gas ranges, and stainless steel KitchenAid Architect Series appliances. This 2 bdrm home (second bdrm is junior room) reflects the character of LoLo itself: modern, design-forward, and connected to everything. Residents are steps from the waterfront, Lonsdale Quay, Shipyards District, restaurants, cafés, and direct SeaBus access to downtown Vancouver.
Property details
- Type
- Condo, Single Family
- Bedrooms
- 2
- Bathrooms
- 2
- Living area
- 880 sq ft
- Parking
- 1
- Year built
- 2005
- Property tax
- $2,495 / yr
- Strata fee
- $607 / mo ($0.69 / sq ft)
- Strata rules
- Pets Allowed With Restrictions
- Days on market
- 162
- MLS®
- R3117763
Features
- Central location
- Elevator
- Pets Allowed With Restrictions
Floor plans
Found among the listing photos.
Monthly cost
$3,864/mo
Mortgage $3,050 · Tax $208 · Strata $607
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
- −$1,517/mo
- Cap rate
- 2.6%
- yearly net rent ÷ price
Costs: mortgage $3,050 · tax $208 · strata $607 · 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
North VancouverGoogle Maps ↗
Schools
Catchment schools, North Vancouver School District 44
- Elementary Cloverley Elementaryhomes in this catchment
- Secondary Sutherland Secondaryhomes in this catchment
2.2 km away · 1860 Sutherland Ave, North Vancouver · 604-903-3500
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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