Open houseTownhouse
$1,449,000
127 525 E 2ND STREET
North Vancouver52 days on market
MLS® R3156600
1 / 28
2 bed · 2 bath · 989 sq ft · 1 parking
Condo · Single Family · built 2026 · 38 days on market
Listed by Mark Kopy, 88West Realty
Realtor's description
Where quiet waterfront living meets everyday convenience, this 2-bed, 2-bath home at DRIFT offers a bright, open-concept layout with stunning water views right from the living room. Overlooking the peaceful inner courtyard that opens toward the waterfront, unwind on your private balcony or enjoy the functional gourmet kitchen with large pantry designed for seamless entertaining. Just steps from the yacht club and Spirit Trail, and only minutes from shops, restaurants, and transit. Complete with premium amenities including concierge, social lounge, study/work space, fitness centre, and rooftop terrace with BBQ and garden - complemented by a large storage locker for added convenience. A truly exceptional blend of comfort, location, and waterfront lifestyle. Some photos are virtually staged.
Property details
- Type
- Condo, Single Family
- Bedrooms
- 2
- Bathrooms
- 2
- Living area
- 989 sq ft
- Parking
- 1
- Year built
- 2026
- Strata fee
- $524 / mo ($0.53 / sq ft)
- Strata rules
- Pets Allowed With Restrictions, Rentals Allowed With Restrictions
- Days on market
- 38
- MLS®
- R3160201
Features
- Central location
- Cul-de-sac
- Elevator
- Pets Allowed With Restrictions
- Rentals Allowed With Restrictions
- All
Monthly cost
$6,005/mo
Mortgage $5,481 · Strata $524
20% down at 4.34% fixed (Ratehub.ca), 25 years; strata fee from the listing.
If you rented it out
- Rent
- $2,589/mo
- After all costs
- −$3,658/mo
- Cap rate
- 1.7%
- yearly net rent ÷ price
Costs: mortgage $5,481 · strata $524 · 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
North VancouverGoogle Maps ↗
Schools
Catchment schools, North Vancouver School District 44
- Elementary Westview Elementaryhomes in this catchment
1.1 km away · 641 17th St W, North Vancouver · 604-903-3840
- Secondary Carson Graham Secondaryhomes in this catchment
1.8 km away · 2145 Jones Ave, North Vancouver · 604-903-3555
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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