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$619,900

406 38040 THIRD AVENUE

Squamish · MLS® R3116502

2 bed · 1 bath · 671 sq ft · 1 parking

Condo · Single Family · built 2028 · 162 days on market

Listed by Angie Vazquez, Engel & Volkers Whistler

Come join us at the ARTE Presentation Gallery- 38016 3rd Ave. Arte introduces a modern wellness focused lifestyle in downtown Squamish with curated interiors, integrated appliances and terrazzo style flooring throughout. Thoughtful features include in suite laundry and built in gear storage with bike and ski racks. Floor plan 2F offers a functional junior 2 bedroom layout with seamless flow and private outdoor space, ideal for first time buyers and outdoor enthusiasts. The rooftop features panoramic views of the Stawamus Chief along with dining spaces, BBQ, a pizza oven and a Scandinavian inspired wellness retreat with sauna and cold plunge. Additional amenities include a co-working space, social lounge, fitness studio, dog wash and bike wash, all steps from parks, trails, shops and everyday essentials.

Type: Condo, Single Family
Bedrooms: 2
Bathrooms: 1
Living area: 671 sq ft
Parking: 1
Year built: 2028
Strata fee: $302 / mo ($0.45 / sq ft)
Strata rules: Pets Allowed With Restrictions
Days on market: 162
MLS®: R3116502

Above typical for the area (+14%)

Price per sq ft: $924 vs $811 median for condos in Squamish for sale (89)

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.

Central location
Elevator
Pets Allowed With Restrictions
All

On market 162 days

Listed now: 29 days; median for 89 condos for sale; this one 162 days

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

FloodplainYes
This address is within a designated floodplain on the provincial floodplain maps (Squamish River). Local rules can set things like minimum floor heights; the municipality can confirm what applies.
Source: Province of BC, Mapped Floodplains in BC
Agricultural Land ReserveNo
Not inside the Agricultural Land Reserve on the provincial map.
Source: Agricultural Land Commission, ALR boundary
HeritageNo
Not on the BC Register of Historic Places or in a heritage conservation area.
Source: BC Heritage Branch, historic places and conservation areas

From public government maps, matched to the listing's map pin. Maps can be out of date or miss a lot line; confirm with the municipality.

$3,003/mo

Mortgage $2,701 · Strata $302

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

estimated payment

$2,701/ monthly

loan $495,920

25-year amortization

down payment20% · $123,98020%+ down: no mortgage insuranceinterest rate4.34%Rates from Ratehub.ca (best 5-year fixed and variable), checked Oct 7, 2026. Semi-annual compounding; your lender's rate may differ.amortizationpayment frequency

total interest: $314,333
property transfer tax: $10,398; BC general rate
cash to close: $134,378; down + PTT
total paid: $810,253

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.

Rent: $2,179/mo
After all costs: −$1,033/mo
Cap rate: 3.2%; yearly net rent ÷ price

Rent / moDown payment %Rate %

Costs: mortgage $2,701 · strata $302 · insurance ~$35 · vacancy 3% · upkeep 5%.

Rent starts at CMHC's average for a 2-bedroom in Squamish (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

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