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$1,599,000

2972 VENABLES STREET

Vancouver · MLS® R3152410

5 bed · 5 bath · 1,781 sq ft · 4,835 sq ft lot · 2 parking

House · Single Family · built 2023 · 66 days on market

Listed by Connie Buna, Oakwyn Realty Ltd.

Realtor's description

An East Van standout! NO GST on this nearly new (2023) 5 bed and 5 bath back duplex offering exceptional space, style and flexibility. The bright, open-concept main floor is made for gathering, featuring white oak hardwood, radiant in-floor heat, A/C, HRV and a beautifully appointed kitchen with Fisher & Paykel appliances. Generous bedrooms include built-in closet organizers and ensuites, with a spacious primary that easily accommodates a king bed. Downstairs, the fully self-contained 2 bed legal rental suite with its own laundry and gas range is ideal for mortgage help, extended family or guests. Fantastic East Van location close to the PNE, Notre Dame Secondary, restaurants, transit and easy Hwy 1 access.

Property details

Type: House, Single Family
Bedrooms: 5
Bathrooms: 5
Living area: 1,781 sq ft
Lot: 4,835 sq ft
Parking: 2
Year built: 2023
Property tax: $5,521 / yr
Days on market: 66
MLS®: R3152410

Features

Central location
All
Refrigerator
Stove
Washer & Dryer

Floor plans

Found among the listing photos.

Price check

Below typical for the area (-11%)

2026 assessment: $1,575,000 · asking is +1.5%
Price per sq ft: $898 vs $1,012 median for houses in Vancouver for sale (1715)
Last sold: $1,764,000 · Jan 22, 2024

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 66 days · no price changes so far

The market here

Listed now: 56 days; median for 1825 houses for sale; this one 66 days

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

Property tax by year

Year	Assessed	Est. tax
2026	$1,575,000	$5,296

The listing shows $5,521 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

$7,427/mo

Mortgage $6,967 · Tax $460

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

estimated payment

$6,967/ monthly

loan $1,279,200

25-year amortization

down payment20% · $319,80020%+ 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: $810,807
property transfer tax: $29,980; BC general rate
cash to close: $349,780; down + PTT
total paid: $2,090,007

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: $6,045/mo; vs $7,602 without it

Suite rent / moDown payment %Rate %

Costs: mortgage $6,967 · tax $460 · 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: 448 m² (4,822 sq ft). 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 Lord Elementaryhomes in this catchment
400 m away · 555 Lillooet St, Vancouver · 604-713-4620
Secondary Templeton Secondaryhomes in this catchment
1.4 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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