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Pemberton Holmes Ltd.

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REALTOR®, REALTORS®, and the REALTOR® logo are certification marks that are owned by REALTOR® Canada Inc. and licensed exclusively to The Canadian Real Estate Association (CREA). These certification marks identify real estate professionals who are members of CREA and who must abide by CREA's By-Laws, Rules, and the REALTOR® Code. The MLS® trademark and the MLS® logo are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA. Listing data via CREA's DDF®. about · terms of use · privacy · © 2026 mihom.

2903 W 42nd Avenue
homes for sale · Vancouver
2903 W 42nd Avenue — photo 1 of 40
1 / 40
$2,298,000

2903 W 42nd Avenue

Vancouver · MLS® R3154288

63

2,467 sq ft · 4,455 sq ft lot · House · Single Family · built 1938 · 77 days on market

listed by Sharene Shuster, Heller Murch Realty

realtor's description

PRICE REDUCED! Prime Kerrisdale! City Assess. $2,481,000 ! Incredible 33 X 135 corner lot offering exceptional lifestyle, investment, and future development potential. This charming character home features two bedrooms and a full bathroom on each of the three levels, beautiful hardwood floors, a cozy wood burning fireplace, and timeless character throughout. Entertainment size living room and separate dining room - perfect for entertaining. The flexible floor plan offers outstanding revenue potential with the upper level renting for approx $3600/month and the lower suite for aoorox $2600/month, or live upstairs with a mortgage helper. The detached garage has been converted into a bright art studio, home office, or gym. Ideally located just steps to Kerrisdale shops, cafes, parks, restaurants, top-rated schools, and transit. A rare opportunity for families, investors, or builders. Some photos have been virtually staged for your inspiration. A pleasure to show anytime! OPEN SAT OCT 31, , 2-4 pm

property details

similar homes nearby

type
House, Single Family
bedrooms
6
bathrooms
3
living area
2,467 sq ft
lot
4,455 sq ft
parking
0
year built
1938
property tax
$11,137 / yr
days on market
77
MLS®
R3154288

features

  • Central location
  • Private setting
  • All
  • Refrigerator

floor plans

found among the listing photos.

monthly cost

$10,940/mo
Mortgage $10,012 · Tax $928

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

estimated payment
$10,012/ monthly
loan $1,838,400
25-year amortization
total interest
$1,165,250
property transfer tax
$46,940
BC general rate
cash to close
$506,540
down + PTT
total paid
$3,003,650
transfer tax

Estimates only. Rates change daily and lenders qualify at the stress-test rate. Talk to a mortgage broker before you offer. Transfer tax: 1% to $200k, 2% to $2M, 3% to $3M, 5% above. First-time buyers pay nothing on the first $500k for homes up to $835k (phasing out by $860k); newly built homes are exempt up to $1.1M (phasing out by $1.15M). Both need Canadian citizenship or permanent residence and other conditions; the 20% foreign buyer tax applies in Metro Vancouver, the Fraser Valley, the Capital Region, Central Okanagan and Nanaimo.

if you rented it out

suite rent
$2,190/mo
your cost after the suite
$9,100/mo
vs $11,115 without it

Costs: mortgage $10,012 · tax $928 · insurance ~$175 · vacancy 3% · upkeep 5%.

Suite rent is today's market rent for a 1-bedroom in Westside/Kerrisdale, Vancouver: CMHC's average there ($1,905) raised by what new tenants pay against everyone in the Vancouver area, then down 1.5% with Vancouver's asking rents, 2025 Q4 → 2026 Q2. (CMHC Rental Market Survey, October 2025; CMHC Rental Market Report 2025, table 6.0 (rents on units that turned over to a new tenant); trend: Statistics Canada.) 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

schools

Catchment schools, Vancouver School Board

  • Elementary Kerrisdale Elementaryhomes in this catchment

    300 m away · 5555 Carnarvon St, Vancouver · 604-713-5446

  • Secondary Point Grey Secondaryhomes in this catchment

    1.3 km away · 5350 East Blvd, Vancouver · 604-713-8220

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.

Keep private notes and ratings on homes you're considering. (email only) and they follow you to every device.

listed by
Sharene Shuster
Heller Murch Realty
call Sharene · 604-240-3110
Powered by: REALTOR.ca
▶ virtual tour

location

VancouverGoogle Maps ↗

property tax by year

yearassessedest. tax
2026$2,481,800$8,345

The listing shows $11,137 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.

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location

lot outline: 413 m² (4,445 sq ft) · PID 011-893-516. from ParcelMap BC; property lines are approximate, a survey is the legal boundary.

VancouverGoogle Maps ↗
Drive times
  • Kerrisdale Elementary2 min
  • NewLink College3 min
  • Point Grey Secondary4 min
  • Children's & Women's Health Centre of British Columbia10 min
  • Downtown Vancouver15 min
  • YVR airport15 min
74

Walkability 74/100 · Walkable: many errands on foot

Within a 10 minute walk: 2 places to eat or drink, 1 cafe, 5 parks and playgrounds, 2 schools, 14 transit stops.

mihom score from OpenStreetMap places, by straight line distance.

the market here

listed now
56 days
median for 1773 houses for sale; this one 77 days

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