$3,348,000

6970 INVERNESS STREET

Vancouver · MLS® R3173567

13 bed · 9 bath · 4,198 sq ft · 4,803 sq ft lot · 1 parking

House · Single Family · built 2020 · listed today

Listed by Rimpy Hothi, Sutton Group-West Coast Realty

Located in the desirable South Vancouver area, this spacious home features an open-concept main floor with a Living Room, Kitchen, Dining Room, Wok Kitchen, and a den - perfect for family living and entertaining. Upstairs boasts 4 bedrooms, including 2 ensuites, and 3 full bathrooms, offering privacy and convenience. The fully finished basement includes a 2 - 2-bedroom legal suite and a 3 bedroom laneway house, ideal for rental income or extended family. Additionally, a bonus bedroom adds extra space for relaxation or entertainment. With modern finishes throughout, this home offers a blend of comfort, style, and functionality.

Type: House, Single Family
Bedrooms: 13
Bathrooms: 9
Living area: 4,198 sq ft
Lot: 4,803 sq ft
Parking: 1
Year built: 2020
Property tax: $11,177 / yr
Days on market: 0
MLS®: R3173567

Below typical for the area (-21%)

2026 assessment: $3,058,000 · asking is +9.5%
Price per sq ft: $798 vs $1,012 median for houses in Vancouver for sale (1702)

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
All

On market 0 days

Listed now: 57 days; median for 1712 houses for sale; this one listed today

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

FloodplainNo
Not within a designated floodplain on the provincial floodplain maps. These maps are historical and don't cover every river or the coast.
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 Maps can be out of date or miss a lot line; confirm with the municipality.

Catchment schools, Vancouver School Board

Elementary Moberly Elementaryhomes in this catchment
700 m away · 1000 59th Ave E, Vancouver · 604-713-4784
Secondary David Thompson Secondaryhomes in this catchment
700 m away · 1755 55th Ave E, Vancouver · 604-713-8278

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.

$15,518/mo

Mortgage $14,587 · Tax $931

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

estimated payment

$14,587/ monthly

loan $2,678,400

25-year amortization

down payment20% · $669,60020%+ 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: $1,697,674
property transfer tax: $85,400; BC general rate
cash to close: $755,000; down + PTT
total paid: $4,376,074

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.

Suite rent: $1,714/mo
Your cost after the suite: $14,116/mo; vs $15,693 without it

Suite rent / moDown payment %Rate %

Costs: mortgage $14,587 · tax $931 · insurance ~$175 · vacancy 3% · upkeep 5%.

Rent starts at CMHC's average for a 3+ bedroom (1-bedroom for the suite) 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

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