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$1,899,000

703 3131 DEER RIDGE DRIVE

West Vancouver · MLS® R3163328

All units at 3131 Deer Ridge Dr →

2 bed · 2 bath · 1,837 sq ft · 2 parking

Condo · Single Family · built 1996 · 30 days on market

Listed by Tim Neame, Sotheby's International Realty Canada

Realtor's description

Nestled high above the ocean with sweeping views from the City to the islands, this fully renovated 1,837 sqft 2 bedroom & den suite is truly exceptional. The spectacular outlook is complemented by a timeless renovation that is both elegant and classic. Generous room sizes and open-concept living/dining spaces showcase the views, while expansive windows fill the home with natural light. The beautifully appointed kitchen features custom cabinetry with classic detailing, marble counters, and striking tiled backsplash. Both bedrooms are generously sized, with the large primary offering a serene private retreat framed by soaring views. A large den could be a third bedroom or office and the two spa-inspired bathrooms offer luxury and tranquility. Other gorgeous features include light h/w floors throughout, high ceilings, gas fireplace, a huge walk-in closet, full-size w/d laundry room and a sundrenched terrace ideal for entertaining and watching spectacular sunsets all in a beautifully landscaped private setting.

Property details

Type: Condo, Single Family
Bedrooms: 2
Bathrooms: 2
Living area: 1,837 sq ft
Parking: 2
Year built: 1996
Property tax: $6,014 / yr
Strata fee: $1,166 / mo ($0.63 / sq ft)
Strata rules: Pets Allowed With Restrictions, Rentals Allowed With Restrictions
Days on market: 30
MLS®: R3163328

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

Features

Private setting
Gated community
Pets Allowed With Restrictions
Rentals Allowed With Restrictions
All

Floor plans

Found among the listing photos.

Price check

Below typical for the area (-9.8%)

2026 assessment: $1,857,000 · asking is +2.3%
Price per sq ft: $1,034 vs $1,146 median for condos in West Vancouver for sale (93)

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 30 days · no price changes so far

The market here

Listed now: 51 days; median for 103 condos for sale; this one 30 days

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

Property tax by year

Year	Assessed	Est. tax
2026	$1,857,000	$6,014
2025	$1,840,000	$5,406

Estimated tax up 11.2% from 2025 to 2026.

The listing shows $6,014 a year in property tax.

Estimate: the BC Assessment value times West 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

$9,941/mo

Mortgage $8,274 · Tax $501 · Strata $1,166

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

estimated payment

$8,274/ monthly

loan $1,519,200

25-year amortization

down payment20% · $379,80020%+ 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: $962,928
property transfer tax: $35,980; BC general rate
cash to close: $415,780; down + PTT
total paid: $2,482,128

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: $3,252/mo
After all costs: −$6,984/mo
Cap rate: 0.8%; yearly net rent ÷ price

Rent / moDown payment %Rate %

Costs: mortgage $8,274 · tax $501 · strata $1,166 · insurance ~$35 · vacancy 3% · upkeep 5%.

Rent starts at CMHC's average for a 2-bedroom in West 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