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$6,780,000

3308 DEERING ISLAND PLACE

Vancouver · MLS® R3158472

6 bed · 7 bath · 4,892 sq ft · 12,707 sq ft lot · 4 parking

House · Single Family · built 1993 · 46 days on market

Listed by Harry Li, Oakwyn Realty Ltd.

Realtor's description

Rarely available waterfront residence on exclusive Deering Island, substantially rebuilt in 2023 with exceptional craftsmanship throughout. This 4,892 sq.ft. home features top-of-the-line appliances, a metal roof, metal framing, Euroline windows, motorized window coverings and distinctive design details that give every room its own character. Elegant living and dining spaces flow to a gourmet kitchen and beautifully appointed entertaining areas. The top floor is the ultimate private retreat with ensuite, wet bar and terrace showcasing unobstructed Fraser River and Gulf Island views. Enjoy an outdoor putting green, indoor golf simulator and a legal suite ideal for extended family, nanny accommodation or mortgage helper. Too many special features to list-must be seen to be appreciated!

Property details

Type: House, Single Family
Bedrooms: 6
Bathrooms: 7
Living area: 4,892 sq ft
Lot: 12,707 sq ft
Parking: 4
Year built: 1993
Property tax: $23,401 / yr
Days on market: 46
MLS®: R3158472

Price check

2026 assessment: $4,618,000 · asking is +47%
Price per sq ft: $1,386 vs $1,010 median for houses in Vancouver for sale (1747)

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 46 days · no price changes so far

The market here

Listed now: 53 days; median for 1860 houses for sale; this one 46 days

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

Property tax by year

Year	Assessed	Est. tax
2026	$4,618,000	$15,529

The listing shows $23,401 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

$31,490/mo

Mortgage $29,540 · Tax $1,950

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

estimated payment

$29,540/ monthly

loan $5,424,000

25-year amortization

down payment20% · $1,356,00020%+ down: no mortgage insuranceinterest rate4.34%Rates from Ratehub.ca (best 5-year fixed and variable), checked Oct 10, 2026. Semi-annual compounding; your lender's rate may differ.amortizationpayment frequency

total interest: $3,437,943
property transfer tax: $257,000; BC general rate
cash to close: $1,613,000; down + PTT
total paid: $8,861,943

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: $29,912/mo; vs $31,665 without it

Suite rent / moDown payment %Rate %

Costs: mortgage $29,540 · tax $1,950 · 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: 1,188 m² (12,788 sq ft) · PID 017-169-135. 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 Kerrisdale Elementaryhomes in this catchment
2.2 km away · 5555 Carnarvon St, Vancouver · 604-713-5446

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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