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$725,000

5 3586 RAINIER PLACE

Vancouver · MLS® R3133655

3 bed · 2 bath · 1,618 sq ft · 1 parking

Townhouse · Single Family · built 1995 · 123 days on market

Listed by Steve Birkic, Oakwyn Realty Ltd.

Realtor's description

Spacious 3 bed 2 bath Champlain Heights Townhouse at SIERRA BY POLYGON. This well kept townhouse in family friendly complex features well equipped kitchen overlooking the spacious living & dining rooms with soaring 10ft high ceiling allowing for lots of natural light while the living room walks out to nice patio that looks over calming greenery. Upstairs you will find 2 generously sized bedrooms that will both allow king sized beds & the main floor living also comes with conveniently located 3rd bedroom. Added bonus is large 5'8" high crawlspace for storage. Located close to shopping & transit and only paces away from River District makes this a home you don't want to miss.

Property details

Type: Townhouse, Single Family
Bedrooms: 3
Bathrooms: 2
Living area: 1,618 sq ft
Parking: 1
Year built: 1995
Property tax: $2,158 / yr
Strata fee: $606 / mo ($0.37 / sq ft)
Strata rules: Pets Allowed With Restrictions
Days on market: 123
MLS®: R3133655

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

Features

Pets Allowed With Restrictions

Price check

2026 assessment: $864,000 · asking is -16%
Price per sq ft: $448 vs $1,027 median for townhouses in Vancouver for sale (477)

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.

Property insights

On market 123 days · no price changes so far

The market here

Listed now: 45 days; median for 497 townhouses for sale; this one 123 days

Townhouses in Vancouver. Sale prices register 1 to 3 months after a sale closes.

Property tax by year

Year	Assessed	Est. tax
2026	$864,000	$2,905

The listing shows $2,158 a year in property tax.

Estimate: the BC Assessment value times Vancouver's residential tax rate for that year (Province of BC, local government statistics). Leaves out the home owner grant, parcel taxes and utility charges; the city's tax notice is the real figure.

Monthly cost

$3,944/mo

Mortgage $3,159 · Tax $180 · Strata $606

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

estimated payment

$3,159/ monthly

loan $580,000

25-year amortization

down payment20% · $145,00020%+ down: no mortgage insuranceinterest rate4.34%Rates from Ratehub.ca (best 5-year fixed and variable), checked Oct 9, 2026. Semi-annual compounding; your lender's rate may differ.amortizationpayment frequency

total interest: $367,627
property transfer tax: $12,500; BC general rate
cash to close: $157,500; down + PTT
total paid: $947,627

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.

If you rented it out

Rent: $2,475/mo
After all costs: −$1,842/mo
Cap rate: 2.2%; yearly net rent ÷ price

Rent / moDown payment %Rate %

Costs: mortgage $3,159 · tax $180 · strata $606 · insurance ~$175 · vacancy 3% · upkeep 5%.

Rent starts at CMHC's average for a 3+ bedroom in Southeast Vancouver, 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
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

The building's lot: 17,507 m² (188,444 sq ft) · PID 023-076-518. From ParcelMap BC; property lines are approximate, a survey is the legal boundary.

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Location

VancouverGoogle Maps ↗

Schools

Catchment schools, Vancouver School Board

Elementary Champlain Heights Elementaryhomes in this catchment
1.5 km away · 6955 Frontenac St, Vancouver · 604-713-4760
Secondary Killarney Secondaryhomes in this catchment
2.4 km away · 6454 Killarney St, Vancouver · 604-713-8950

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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