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$2,699,000

2962 KITCHENER STREET

Vancouver · MLS® R3154185

8 bed · 7 bath · 3,701 sq ft · 4,255 sq ft lot

House · Single Family · built 2018 · 60 days on market

Listed by Kevin Mak, Royal Pacific Realty Corp.

Realtor's description

LIKE NEW. Custom-built 8 yrs old home. 3 level residence offers 3,024 sqft living space featuring 4 bdrms upstairs, a bright open-concept main floor, central A/C, radiant heating, premium craftsmanship and finishes throughout, 10-ft high ceiling living, dining ,family room, wok-kitchen and den on main. 9ft upstair. Basement includes 1 self-contained 2-bdrm suite with separate entrance and extra rec rm and computer rm for owner use. A rare 10ft ceiling 677sqft rancher style detached 2-bdrm laneway home provides excellent rental income or flexible multigeneratonal living. Total over $5,000 rental income. Conveniently located near parks, school, shopping, restaurants,and public transit, with quick access to Downtown, Brentwood. Wakwanes te Syaqwem Elementary and Templeton Secondary school.

Property details

Type: House, Single Family
Bedrooms: 8
Bathrooms: 7
Living area: 3,701 sq ft
Lot: 4,255 sq ft
Parking: 0
Year built: 2018
Property tax: $9,141 / yr
Days on market: 60
MLS®: R3154185

Features

Central location
All

Price check

Below typical for the area (-28%)

2026 assessment: $2,577,000 · asking is +4.7%
Price per sq ft: $729 vs $1,012 median for houses in Vancouver for sale (1712)

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 60 days · no price changes so far

The market here

Listed now: 55 days; median for 1822 houses for sale; this one 60 days

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

Property tax by year

Year	Assessed	Est. tax
2026	$2,577,000	$8,666

The listing shows $9,141 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

$12,521/mo

Mortgage $11,759 · Tax $762

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

estimated payment

$11,759/ monthly

loan $2,159,200

25-year amortization

down payment20% · $539,80020%+ 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: $1,368,585
property transfer tax: $58,970; BC general rate
cash to close: $598,770; down + PTT
total paid: $3,527,785

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: $1,692/mo
Your cost after the suite: $11,139/mo; vs $12,696 without it

Suite rent / moDown payment %Rate %

Costs: mortgage $11,759 · tax $762 · insurance ~$175 · vacancy 3% · upkeep 5%.

Rent starts at CMHC's average for a 3+ bedroom (1-bedroom for the suite) in East Hastings, 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: 394 m² (4,241 sq ft) · PID 014-581-159. From ParcelMap BC; property lines are approximate, a survey is the legal boundary.

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Location

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Schools

Catchment schools, Vancouver School Board

Elementary wək̓ʷan̓əs tə syaqʷəm Elementaryhomes in this catchment
Secondary Templeton Secondaryhomes in this catchment
1.5 km away · 727 Templeton Dr, Vancouver · 604-713-8984

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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