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$1,999,900

2537 WOODLAND DRIVE

Vancouver · MLS® R3162327

5 bed · 3 bath · 2,189 sq ft · 2,013 sq ft lot

House · Single Family · built 1912 · 31 days on market

Listed by Matt Grenaghan, Macdonald Realty

Realtor's description

Craftsman character on one of Grandview-Woodland's best blocks, minutes from Commercial Drive. 5 bedrooms, 2.5 baths, and the details worth keeping: 9' ceilings, original staircase, hardwood floors, many new windows throughout. The renovated kitchen anchors an open main floor made for long dinners and easy hosting, with gas range, stone counters and generous storage. Three well-proportioned bedrooms up. Below, a 2 bed suite with private entrance and a fully renovated bath, offering flexibility or income from day one. Catchment: Queen Alexandra Elementary (K-7) and Vancouver Technical Secondary (8-12). Coffee, produce, patios and the best of The Drive steps from the front porch. Open House Saturday, Sep 12th and Sunday, Sep 13th 2:00-4:00 PM.

Property details

Type: House, Single Family
Bedrooms: 5
Bathrooms: 3
Living area: 2,189 sq ft
Lot: 2,013 sq ft
Parking: 0
Year built: 1912
Property tax: $7,825 / yr
Days on market: 31
MLS®: R3162327

Features

Central location

Floor plans

Found among the listing photos.

Price check

Below typical for the area (-9.7%)

2026 assessment: $1,561,000 · asking is +28%
Price per sq ft: $914 vs $1,012 median for houses in Vancouver for sale (1713)

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 31 days · no price changes so far

The market here

Listed now: 56 days; median for 1823 houses for sale; this one 31 days

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

Property tax by year

Year	Assessed	Est. tax
2026	$1,561,000	$5,249

The listing shows $7,825 a year in property tax.

Estimate: the BC Assessment value times 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

$9,365/mo

Mortgage $8,713 · Tax $652

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

estimated payment

$8,713/ monthly

loan $1,599,920

25-year amortization

down payment20% · $399,98020%+ 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: $1,014,092
property transfer tax: $37,998; BC general rate
cash to close: $437,978; down + PTT
total paid: $2,614,012

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

Suite rent: $1,704/mo
Your cost after the suite: $7,973/mo; vs $9,540 without it

Suite rent / moDown payment %Rate %

Costs: mortgage $8,713 · tax $652 · insurance ~$175 · vacancy 3% · upkeep 5%.

Rent starts at CMHC's average for a 3+ bedroom (1-bedroom for the suite) in Mount Pleasant/Renfrew Heights, 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

Location

Lot outline: 188 m² (2,024 sq ft) · PID 010-156-798. From ParcelMap BC; property lines are approximate, a survey is the legal boundary.

VancouverGoogle Maps ↗

Location

VancouverGoogle Maps ↗

Schools

Catchment schools, Vancouver School Board

Elementary Queen Alexandra Elementaryhomes in this catchment
200 m away · 1300 Broadway E, Vancouver · 604-713-4599
Secondary Vancouver Technical Secondaryhomes in this catchment
1.7 km away · 2600 Broadway E, Vancouver · 604-713-8215

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.

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