402 8772 SW Marine Drive

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$829,000

402 8772 SW Marine Drive

Vancouver · MLS® R3178167

all units at 8772 SW Marine Dr →

322

1,316 sq ft · Condo · Single Family · built 1986 · 1 day on market

listed by Telf Maynard, RE/MAX Select Properties

realtor's description

Not your ordinary condo: a top-floor retreat with the space and light of a house. Occupying an entire wing of Gulf View Court's top floor, this 1,317 sq. ft. 3-bedroom, 2-bath home has windows on three sides and just one shared wall. A generous living room opens to a large, secluded deck with radiant heat, treetop & mountain outlooks, & seasonal Gulf Island & YVR views. Spacious primary suite enjoys its own sunset balcony. Updated in 2024, with a gas fireplace & house-sized laundry. Two side-by-side parking stalls by the elevator & an oversized locker. Enjoy a landscaped backyard, gated courtyard, common room & workshop. Set well back from the road across from the park & Arbutus Greenway, near Milltown Marina, shops & transit. Space, privacy & two outdoor escapes, all west of Granville St!

property details

type: Condo, Single Family
bedrooms: 3
bathrooms: 2
living area: 1,316 sq ft
parking: 2
year built: 1986
property tax: $2,540 / yr
strata fee: $679 / mo ($0.52 / sq ft)
strata rules: Pets Allowed
days on market: 1
MLS®: R3178167

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

features

Central location
Private setting
Elevator
Wheelchair access
Pets Allowed
Refrigerator

monthly cost

$4,502/mo

Mortgage $3,612 · Tax $212 · Strata $679

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

estimated payment

$3,612/ monthly

loan $663,200

25-year amortization

down payment20% · $165,80020%+ down: no mortgage insuranceinterest rate4.34%Rates from Ratehub.ca (best 5-year fixed and variable), checked Oct 25, 2026. Semi-annual compounding; your lender's rate may differ.amortizationpayment frequency

total interest: $420,362
property transfer tax: $14,580; BC general rate
cash to close: $180,380; down + PTT
total paid: $1,083,562

first-time buyernewly builtforeign national

Estimates only. Rates change daily and lenders qualify at the stress-test rate. Talk to a mortgage broker before you offer. Transfer tax: 1% to $200k, 2% to $2M, 3% to $3M, 5% above. First-time buyers pay nothing on the first $500k for homes up to $835k (phasing out by $860k); newly built homes are exempt up to $1.1M (phasing out by $1.15M). Both need Canadian citizenship or permanent residence and other conditions; the 20% foreign buyer tax applies in Metro Vancouver, the Fraser Valley, the Capital Region, Central Okanagan and Nanaimo.

if you rented it out

rent: $2,140/mo
after all costs: −$2,568/mo
cap rate: 1.5%; yearly net rent ÷ price

Rent / moDown payment %Rate %

Costs: mortgage $3,612 · tax $212 · strata $679 · insurance ~$35 · vacancy 3% · upkeep 5%.

Rent is today's market rent for a 2-bedroom in Marpole, Vancouver: CMHC's average there ($1,895) 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 ↗

Rapid transit: Templeton SkyTrain station, 1.1 km (about 17 min walk); Bridgeport SkyTrain station, 1.6 km (about 26 min walk).

schools

Catchment schools, Vancouver School Board

Elementary David Lloyd George Elementaryhomes in this catchment
600 m away · 8370 Cartier St, Vancouver · 604-713-4895
Secondary Magee Secondaryhomes in this catchment
2.5 km away · 6360 Maple St, Vancouver · 604-713-8200

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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