405 2785 LIBRARY LANE
North Vancouver · MLS® R3160399
2 bed · 2 bath · 1,109 sq ft · 2 parking
Condo · Single Family · built 2020 · 36 days on market
Listed by James L Wang, RE/MAX City Realty
Realtor's description
*Open House Oct 3rd Sat 2-4PM* Fabulous home at The Residences at Lynn Valley by Bosa Developments. This bright 2-bedroom + den, 2-bathroom unit features an open-concept layout, beautiful views, modern kitchen with quartz counters, Bosch appliances and gas cooktop, hardwood flooring, thermal heating and central A/C. Includes 2 parking stalls and 1 locker near the elevators. Enjoy 17,000 sq. ft. of resort-style amenities including gym, yoga studio, sauna/steam room, BBQ area, social lounge, kids´ playground and dog wash station. Prime location steps from Lynn Valley Centre, shops, restaurants, recreation, schools, transit and Hwy 1. Pets, rentals and BBQs allowed.
Property details
- Type
- Condo, Single Family
- Bedrooms
- 2
- Bathrooms
- 2
- Living area
- 1,109 sq ft
- Parking
- 2
- Year built
- 2020
- Property tax
- $3,594 / yr
- Strata fee
- $720 / mo ($0.65 / sq ft)
- Strata rules
- Pets Allowed
- Days on market
- 36
- MLS®
- R3160399
Features
- Pets Allowed
Monthly cost
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
- $2,589/mo
- After all costs
- −$3,896/mo
- Cap rate
- 1.3%
- yearly net rent ÷ price
Costs: mortgage $5,224 · tax $299 · strata $720 · insurance ~$35 · vacancy 3% · upkeep 5%.
Rent starts at CMHC's average for a 2-bedroom in North 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
Location
Schools
Catchment schools, North Vancouver School District 44
- Elementary Eastview Elementaryhomes in this catchment
1.0 km away · 1801 Mountain Hwy, North Vancouver · 604-903-3520
- Secondary Sutherland Secondaryhomes in this catchment
1.3 km away · 1860 Sutherland Ave, North Vancouver · 604-903-3500
From the North Vancouver School District 44'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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