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$4,798,000

2987 W 40TH AVENUE

Vancouver · MLS® R3169784

6 bed · 5 bath · 3,576 sq ft · 4,257 sq ft lot · 2 parking

House · Single Family · built 2024 · 14 days on market

Listed by Sora Chung, Oakwyn Realty Ltd.

Realtor's description

A rare opportunity to own one of Kerrisdale's most exceptional modern homes. This CHBA-certified Net-Zero residence blends award-winning Habihaus Studios with Scandinavian architecture, refined interiors by Form Collective & exceptional craftsmanship by Moment Construction. Offering an impressive 3550 SF-including an exceptionally rare 500 SF of additional living area achieved through its innovative Net-Zero design-the home features 6 BDRMS, 5 BTHRMS, soaring 10' ceilings, bespoke millwork, oversized triple-pane windows, A/C, HRV, a 12.74kW solar array, integrated Sonos, legal 2-BDRM suite & EV-ready 2-car garage. No GST. A remarkable blend of luxury, sustainability & architectural excellence in one of Vancouver's most coveted neighbourhoods. Call for a private viewing.

Property details

Type: House, Single Family
Bedrooms: 6
Bathrooms: 5
Living area: 3,576 sq ft
Lot: 4,257 sq ft
Parking: 2
Year built: 2024
Property tax: $17,982 / yr
Days on market: 14
MLS®: R3169784

Features

Central location
Cul-de-sac
Treed

Floor plans

Found among the listing photos.

Price check

Above typical for the area (+33%)

2026 assessment: $4,264,000 · asking is +13%
Price per sq ft: $1,342 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 14 days · no price changes so far

The market here

Listed now: 55 days; median for 1822 houses for sale; this one 14 days

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

Property tax by year

Year	Assessed	Est. tax
2026	$4,264,000	$14,338

The listing shows $17,982 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

$22,403/mo

Mortgage $20,904 · Tax $1,498

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

estimated payment

$20,904/ monthly

loan $3,838,400

25-year amortization

down payment20% · $959,60020%+ 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: $2,432,928
property transfer tax: $157,900; BC general rate
cash to close: $1,117,500; down + PTT
total paid: $6,271,328

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: $1,905/mo
Your cost after the suite: $20,825/mo; vs $22,578 without it

Suite rent / moDown payment %Rate %

Costs: mortgage $20,904 · tax $1,498 · insurance ~$175 · vacancy 3% · upkeep 5%.

Rent starts at CMHC's average for a 3+ bedroom (1-bedroom for the suite) in Westside/Kerrisdale, 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: 395 m² (4,252 sq ft) · PID 007-076-142. 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 Kerrisdale Elementaryhomes in this catchment
200 m away · 5555 Carnarvon St, Vancouver · 604-713-5446
Secondary Point Grey Secondaryhomes in this catchment
1.4 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.

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