Condo
$599,000
11% less per sq ft8 2023 W 4th Avenue
Vancouver6 days on market
listed by Rennie & Associates Realty Ltd.
MLS® R3176447
318 3138 Riverwalk Avenue
221
1,036 sq ft · Condo · Single Family · built 2015 · 12 days on market
listed by Gary Serra, Oakwyn Realty Ltd.
realtor's description
Welcome to this spacious 2-bedroom, 2-bathroom home in Vancouver's vibrant River District! Offering 1,036 sq. ft. of living space across two levels, this unique layout provides comfort, functionality, and flexibility. The versatile second bedroom can easily double as a home office, perfect for working from home. Complete with 1 parking stall and 1 storage locker. Enjoy an unbeatable location surrounded by beautiful riverfront walking and biking trails, lush green spaces, parks, and the scenic Fraser River. Just minutes from River District Crossing, offering grocery stores, restaurants, cafes, shops, and everyday conveniences. Families will appreciate nearby schools, playgrounds, and recreational facilities, while commuters benefit from convenient transit connections and easy access to major routes. Experience the perfect balance of urban convenience and outdoor living in this growing waterfront community. A fantastic opportunity to call River District home!
property details
- type
- Condo, Single Family
- bedrooms
- 2
- bathrooms
- 2
- living area
- 1,036 sq ft
- parking
- 1
- year built
- 2015
- property tax
- $2,718 / yr
- strata fee
- $605 / mo ($0.58 / sq ft)
- strata rules
- Pets Allowed With Restrictions, Rentals Allowed With Restrictions
- days on market
- 12
- MLS®
- R3174608
features
- Central location
- Private setting
- Elevator
- Pets Allowed With Restrictions
- Rentals Allowed With Restrictions
- All
floor plans
found among the listing photos.
monthly cost
$3,990/mo
Mortgage $3,159 · Tax $227 · Strata $605
20% down at 4.34% fixed (Ratehub.ca), 25 years; tax from the listing; strata fee from the listing.
if you rented it out
- rent
- $2,670/mo
- after all costs
- −$1,569/mo
- cap rate
- 2.6%
- yearly net rent ÷ price
Costs: mortgage $3,159 · tax $227 · strata $605 · insurance ~$35 · vacancy 3% · upkeep 5%.
Rent is today's market rent for a 2-bedroom in Southeast Vancouver, Vancouver: CMHC's average there ($2,359) raised by what new tenants pay against everyone in the Vancouver area, then down 0.8% 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
location
VancouverGoogle Maps ↗
schools
Catchment schools, Vancouver School Board
- Elementary Cook Elementaryhomes in this catchment
1.6 km away · 3340 54th Ave E, Vancouver · 604-713-4828
- Secondary Killarney Secondaryhomes in this catchment
2.2 km away · 6454 Killarney St, Vancouver · 604-713-8950
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.
