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$2,588,000

2505 485 W 42ND AVENUE

Vancouver · MLS® R3120663

3 bed · 2 bath · 1,278 sq ft · 2 parking

Condo · Single Family · built 2026 · 153 days on market

Listed by Patsy Hui, RE/MAX Westcoast

Brand new home at Claridge House! This bright and modern residence at 2505-485 W 42nd Ave features a functional open layout with floor-to-ceiling windows, with views, air-conditioning, and premium finishes throughout. Ideally located across from Oakridge Park and steps to the Canada Line, offering easy access to Downtown and Richmond. Enjoy top-tier amenities including concierge, fitness centre, and elegant lounges. Close to Queen Elizabeth Park, Langara College, and top schools. A perfect blend of luxury and convenience.

Type: Condo, Single Family
Bedrooms: 3
Bathrooms: 2
Living area: 1,278 sq ft
Parking: 2
Year built: 2026
Strata fee: $758 / mo ($0.59 / sq ft)
Strata rules: Pets Allowed With Restrictions
Days on market: 153
MLS®: R3120663

Price per sq ft: $2,025 vs $1,020 median for condos in Vancouver for sale (2066)

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.

Central location
Elevator
Pets Allowed With Restrictions
All

On market 153 days

Listed now: 42 days; median for 2066 condos for sale; this one 153 days

Condos in 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 Maps can be out of date or miss a lot line; confirm with the municipality.

Catchment schools, Vancouver School Board

Elementary Van Horne Elementaryhomes in this catchment
600 m away · 5855 Ontario St, Vancouver · 604-713-4965
Secondary Eric Hamber Secondaryhomes in this catchment
1.1 km away · 960 W. 33rd Avenue, Vancouver · 604-713-8927

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.

$12,033/mo

Mortgage $11,276 · Strata $758

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

estimated payment

$11,276/ monthly

loan $2,070,400

25-year amortization

down payment20% · $517,60020%+ 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: $1,312,300
property transfer tax: $55,640; BC general rate
cash to close: $573,240; down + PTT
total paid: $3,382,700

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: $2,506/mo
After all costs: −$9,763/mo
Cap rate: 0.7%; yearly net rent ÷ price

Rent / moDown payment %Rate %

Costs: mortgage $11,276 · strata $758 · insurance ~$35 · vacancy 3% · upkeep 5%.

Rent starts at CMHC's average for a 2-bedroom in South Granville/Oak, 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

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