40668 OLSON ROAD

Squamish · MLS® R3148614

2 bath · 1,636 sq ft · 18,664 sq ft lot · 2 parking

House · Single Family · built 1961 · 78 days on market

Listed by Gordon Kleaman, Babych Group Realty Vancouver Ltd.

Prime development opportunity in the heart of Squamish. This 18, 750 sq. ft. property is being sold for its redevelopment potential and is surrounded by established townhouse developments, making it an exceptional investment in a growing neighbourhood. The existing home is currently tenanted, providing holding income while future plans are explored. Buyers are encouraged to verify development potential with the District of Squamish.

Type: House, Single Family
Bathrooms: 2
Living area: 1,636 sq ft
Lot: 18,664 sq ft
Parking: 2
Year built: 1961
Property tax: $7,567 / yr
Days on market: 78
MLS®: R3148614

2026 assessment: $2,015,000 · asking is -1.2%
Price per sq ft: $1,216 vs $702 median for houses in Squamish for sale (95)

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.

Refrigerator
Stove
Washer & Dryer

On market 78 days

Listed now: 42 days; median for 96 houses for sale; this one 78 days

Houses 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 Maps can be out of date or miss a lot line; confirm with the municipality.

$9,301/mo

Mortgage $8,670 · Tax $631

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

estimated payment

$8,670/ monthly

loan $1,592,000

25-year amortization

down payment20% · $398,00020%+ 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: $1,009,072
property transfer tax: $37,800; BC general rate
cash to close: $435,800; down + PTT
total paid: $2,601,072

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.

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