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$1,449,000

402 3131 DEER RIDGE DRIVE

West Vancouver · MLS® R3174036

All units at 3131 Deer Ridge Dr →

2 bed · 2 bath · 1,448 sq ft · 2 parking

Condo · Single Family · built 1996 · 1 day on market

Listed by Tim Neame, Sotheby's International Realty Canada

Realtor's description

Perched high above the ocean with stunning views stretching from the City to the islands, this meticulously updated 1,448 sqft 2-bedroom, 2-bathroom suite is exceptional. Generous room sizes and open-concept living and dining spaces are framed by spectacular vistas. The modern kitchen is a chef´s dream, featuring high-end stainless steel appliances, custom cabinetry and a striking glass backsplash. An adjoining family or eating area opens onto a sun-drenched deck overlooking the beautifully landscaped grounds and ocean beyond. Both bedrooms enjoy balcony access, while the spacious primary retreat features a large walk-in closet and spa-inspired 5-piece ensuite. Additional highlights include rich laminate flooring, an electric fireplace, a dedicated laundry room, two parking stalls and large storage locker. Explore acres of beautifully landscaped grounds, tennis courts or wander scenic trails to the Pop-up. With Mulgrave School nearby and skiing and year-round outdoor adventures just minutes away. Exceptional!

Property details

Type: Condo, Single Family
Bedrooms: 2
Bathrooms: 2
Living area: 1,448 sq ft
Parking: 2
Year built: 1996
Property tax: $4,660 / yr
Strata fee: $908 / mo ($0.63 / sq ft)
Strata rules: Pets Allowed With Restrictions, Rentals Allowed With Restrictions
Days on market: 1
MLS®: R3174036

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

Features

Private setting
Elevator
Gated community
Pets Allowed With Restrictions
Rentals Allowed With Restrictions
All

Floor plans

Found among the listing photos.

Price check

Below typical for the area (-13%)

Price per sq ft: $1,001 vs $1,146 median for condos in West Vancouver for sale (93)

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 1 day

The market here

Listed now: 51 days; median for 103 condos for sale; this one 1 day

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

Monthly cost

$7,609/mo

Mortgage $6,313 · Tax $388 · Strata $908

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

estimated payment

$6,313/ monthly

loan $1,159,200

25-year amortization

down payment20% · $289,80020%+ 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: $734,746
property transfer tax: $26,980; BC general rate
cash to close: $316,780; down + PTT
total paid: $1,893,946

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: $3,252/mo
After all costs: −$4,653/mo
Cap rate: 1.4%; yearly net rent ÷ price

Rent / moDown payment %Rate %

Costs: mortgage $6,313 · tax $388 · strata $908 · insurance ~$35 · vacancy 3% · upkeep 5%.

Rent starts at CMHC's average for a 2-bedroom in West 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
Selling within two years of buying can trigger the BC home flipping tax. gov.bc.ca