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$1,590,000

702 7228 ADERA STREET

Vancouver · MLS® R3157211

All units at 7228 Adera St →

3 bed · 2 bath · 1,325 sq ft · 2 parking

Condo · Single Family · built 2019 · 51 days on market

Listed by Leo Ye, Royal Pacific Riverside Realty Ltd.

Realtor's description

Adera House at Shannon Wall Centre South Granville! - Secluded behind heritage stone walls, mature trees and generous setbacks, elegant new residences. This spectacular 10-acre master plan community allows for an abundance of fresh green space and beautiful architecture. This well kept 3 bedroom, 2 bathroom unit features AC, Gaggenau kitchen appliances, quartz countertops etc. Tastefully updated 2024 with fresh paint throughout and new carpeting. The bedrooms are enhanced with motorized blackout blinds for added comfort and privacy. The dining area feature a stylish Canto light fixture by Eurofase. Amenities include a fully-equipped fitness center, lounge, swimming pool, rooftop patio and building concierge. 2 regular size parking stalls close to elevator and 1 storage locker included.

Property details

Type: Condo, Single Family
Bedrooms: 3
Bathrooms: 2
Living area: 1,325 sq ft
Parking: 2
Year built: 2019
Property tax: $5,339 / yr
Strata fee: $898 / mo ($0.68 / sq ft)
Strata rules: Pets Allowed With Restrictions, Rentals Allowed With Restrictions
Days on market: 51
MLS®: R3157211

Features

Elevator
Wheelchair access
Gated community
Pets Allowed With Restrictions
Rentals Allowed With Restrictions
All

Price check

Above typical for the area (+17%)

2026 assessment: $1,587,000 · asking is +0.2%
Price per sq ft: $1,200 vs $1,021 median for condos in Vancouver for sale (2033)

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 51 days · no price changes so far

The market here

Listed now: 38 days; median for 2207 condos for sale; this one 51 days

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

Property tax by year

Year	Assessed	Est. tax
2026	$1,587,000	$5,337

The listing shows $5,339 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

$8,271/mo

Mortgage $6,927 · Tax $445 · Strata $898

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

estimated payment

$6,927/ monthly

loan $1,272,000

25-year amortization

down payment20% · $318,00020%+ 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: $806,243
property transfer tax: $29,800; BC general rate
cash to close: $347,800; down + PTT
total paid: $2,078,243

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: $4,453/mo
After all costs: −$4,209/mo
Cap rate: 2.1%; yearly net rent ÷ price

Rent / moDown payment %Rate %

Costs: mortgage $6,927 · tax $445 · strata $898 · insurance ~$35 · vacancy 3% · upkeep 5%.

Rent starts at CMHC's average for a 3+ bedroom in Westside/Kerrisdale, 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: 11,335 m² (122,009 sq ft) · PID 030-691-818. 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 Maple Grove Elementaryhomes in this catchment
1.2 km away · 6199 Cypress St, Vancouver · 604-713-5356
Secondary Magee Secondaryhomes in this catchment
1.1 km away · 6360 Maple St, Vancouver · 604-713-8200

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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