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$1,888,000

7059 CYPRESS STREET

Vancouver · MLS® R3064641

4 bed · 4 bath · 1,419 sq ft · 1 parking

Townhouse · Single Family · built 2023 · 337 days on market

Listed by Michael Dong, Oakwyn Realty Ltd.

Embodies excellence in craftsmanship, unwavering attention to detail, and a profound respect for the past. 5 Heritage-inspired, 3-level townhomes at Ascot. Developed by Crescent Legacy Properties and designed by award-winning teams---Formwerks Architectural Inc. The masterpiece that you can find in Kerrisdale with Pure Design, Featured Sub-zero Wolf appliances, timeless bathroom fixtures, white oak herringbone floors, A/C, radiant heating throughout, and birch custom wall panels. Walking distance to schools, close to Kerrisdale & East Blvd amenities with easy access to UBC & public schools. School catchment: Maple Grove Elementary & Magee Secondary. 2-5-10 warranty.

Type: Townhouse, Single Family
Bedrooms: 4
Bathrooms: 4
Living area: 1,419 sq ft
Parking: 1
Year built: 2023
Property tax: $5,669 / yr
Strata fee: $501 / mo ($0.35 / sq ft)
Days on market: 337
MLS®: R3064641

Above typical for the area (+29%)

Price per sq ft: $1,331 vs $1,032 median for townhouses in Vancouver for sale (483)

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.

On market 337 days

Listed now: 44 days; median for 483 townhouses for sale; this one 337 days

Townhouses 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 Maps can be out of date or miss a lot line; confirm with the municipality.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 Maple Grove Elementaryhomes in this catchment
900 m away · 6199 Cypress St, Vancouver · 604-713-5356
Secondary Magee Secondaryhomes in this catchment
800 m 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.

$9,200/mo

Mortgage $8,226 · Tax $472 · Strata $501

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

estimated payment

$8,226/ monthly

loan $1,510,400

25-year amortization

down payment20% · $377,60020%+ 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: $957,350
property transfer tax: $35,760; BC general rate
cash to close: $413,360; down + PTT
total paid: $2,467,750

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.

Rent: $4,453/mo
After all costs: −$5,278/mo
Cap rate: 1.9%; yearly net rent ÷ price

Rent / moDown payment %Rate %

Costs: mortgage $8,226 · tax $472 · strata $501 · insurance ~$175 · 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

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