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$995,000

312 3480 MAIN STREET

Vancouver · MLS® R3172368

All units at 3480 Main St →

2 bed · 2 bath · 989 sq ft · 1 parking

Condo · Single Family · built 1993 · 4 days on market

Listed by Alastair Hart, Stilhavn Real Estate Services

Realtor's description

Welcome to The Newport, one of Main Streets best buildings! This beautifully updated 2 bed 2 bath home features a large open concept layout, with ample room for living & dining and an abundance of natural light. Separated bedrooms provide privacy, while the spacious primary retreat fits a king-sized bed and walk-in closet with California Closets, leading through to a private ensuite. Enjoy your fully updated kitchen, quartz counters, s/s appliances, laminate flooring throughout, cozy gas fireplace & covered patio! This fully rainscreened, well maintained, pet-friendly building with gym & garden, puts the best of Main Street at your doorstep. Explore independent boutiques, cafes and Michelin restaurants, with parks and transit close by. Space, comfort and a vibrant Main Street lifestyle!

Property details

Type: Condo, Single Family
Bedrooms: 2
Bathrooms: 2
Living area: 989 sq ft
Parking: 1
Year built: 1993
Property tax: $2,913 / yr
Strata fee: $688 / mo ($0.70 / sq ft)
Strata rules: Pets Allowed With Restrictions, Rentals Allowed With Restrictions
Days on market: 4
MLS®: R3172368

Buying in a building from 1982 to 2000: what to read first

Features

Central location
Elevator
Pets Allowed With Restrictions
Rentals Allowed With Restrictions
All

Floor plans

Found among the listing photos.

Price check

Typical for the area (-1.6%)

2026 assessment: $866,000 · asking is +15%
Price per sq ft: $1,006 vs $1,022 median for condos in Vancouver for sale (2038)

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 4 days · no price changes so far

The market here

Listed now: 38 days; median for 2209 condos for sale; this one 4 days

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

Property tax by year

Year	Assessed	Est. tax
2026	$866,000	$2,912
2025	$879,000	$2,738

Estimated tax up 6.4% from 2025 to 2026.

The listing shows $2,913 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

$5,266/mo

Mortgage $4,335 · Tax $243 · Strata $688

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

estimated payment

$4,335/ monthly

loan $796,000

25-year amortization

down payment20% · $199,00020%+ 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: $504,536
property transfer tax: $17,900; BC general rate
cash to close: $216,900; down + PTT
total paid: $1,300,536

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

Rent: $2,512/mo
After all costs: −$2,990/mo
Cap rate: 1.6%; yearly net rent ÷ price

Rent / moDown payment %Rate %

Costs: mortgage $4,335 · tax $243 · strata $688 · insurance ~$35 · vacancy 3% · upkeep 5%.

Rent starts at CMHC's average for a 2-bedroom 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

The building's lot: 8,115 m² (87,349 sq ft) · PID 018-377-378. From ParcelMap BC; property lines are approximate, a survey is the legal boundary.

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Location

VancouverGoogle Maps ↗

Schools

Catchment schools, Vancouver School Board

Elementary Livingstone Elementaryhomes in this catchment
500 m away · 315 23rd Ave E, Vancouver · 604-713-4985
Secondary Sir Charles Tupper Secondaryhomes in this catchment
700 m away · 419 24th Ave E, Vancouver · 604-713-8233

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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