1 / 40

$1,998,800

561 W 29TH AVENUE

Vancouver · MLS® R3162269

3 bed · 3 bath · 1,529 sq ft · 1 parking

Townhouse · Single Family · built 2023 · 31 days on market

Listed by Chris Frederickson, Oakwyn Realty Ltd.

Realtor's description

Virtually new with no GST! Welcome to Park W29, where a wider layout than many townhomes on the market creates an inviting sense of space. This 3 Bedroom home offers 9' ceilings, wide-plank engineered hardwood floors & bright, oversized windows. An elegant open-concept kitchen with a gas stove & breakfast bar is great for entertaining. Spacious bedrooms include a top-floor primary retreat with walk-in closet & ensuite. Enjoy front & rear patios (gas connection), a 2nd floor balcony & a sunny roof deck for outdoor living. Zoned heating & A/C, direct access to your parking stall & a massive, private storage room add comfort & convenience. Steps to QE Park, near Hillcrest Centre, Nat Bailey Stadium, Cambie Village & Canada Line. Discover connected Westside living.

Property details

Type: Townhouse, Single Family
Bedrooms: 3
Bathrooms: 3
Living area: 1,529 sq ft
Parking: 1
Year built: 2023
Property tax: $6,852 / yr
Strata fee: $486 / mo ($0.32 / sq ft)
Strata rules: Pets Allowed With Restrictions, Rentals Allowed With Restrictions
Days on market: 31
MLS®: R3162269

Features

Central location
Pets Allowed With Restrictions
Rentals Allowed With Restrictions
All

Floor plans

Found among the listing photos.

Price check

Above typical for the area (+27%)

2026 assessment: $2,037,000 · asking is -1.9%
Price per sq ft: $1,307 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 31 days · no price changes so far

The market here

Listed now: 45 days; median for 497 townhouses for sale; this one 31 days

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

Property tax by year

Year	Assessed	Est. tax
2026	$2,037,000	$6,850

The listing shows $6,852 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

$9,766/mo

Mortgage $8,709 · Tax $571 · Strata $486

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

estimated payment

$8,709/ monthly

loan $1,599,040

25-year amortization

down payment20% · $399,76020%+ 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: $1,013,534
property transfer tax: $37,976; BC general rate
cash to close: $437,736; down + PTT
total paid: $2,612,574

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: $2,506/mo
After all costs: −$7,635/mo
Cap rate: 0.6%; yearly net rent ÷ price

Rent / moDown payment %Rate %

Costs: mortgage $8,709 · tax $571 · strata $486 · insurance ~$175 · vacancy 3% · upkeep 5%.

Rent starts at CMHC's average for a 2-bedroom in South Granville/Oak, 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: 3,224 m² (34,703 sq ft) · PID 031-873-251. From ParcelMap BC; property lines are approximate, a survey is the legal boundary.

VancouverGoogle Maps ↗

Location

VancouverGoogle Maps ↗

Schools

Catchment schools, Vancouver School Board

Elementary Cavell Elementaryhomes in this catchment
800 m away · 500 20th Ave W, Vancouver · 604-713-4932
Secondary Eric Hamber Secondaryhomes in this catchment
800 m away · 960 W. 33rd Avenue, Vancouver · 604-713-8927

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.

Keep private notes and ratings on homes you're considering. Sign in (email only) and they follow you to every device.