$1,320,000

LOT 2 1061 PROSPECT AVENUE

North Vancouver · MLS® R3142055

5 bed · 5 bath · 3,196 sq ft · 4,318 sq ft lot · 1 parking

House · Single Family · 97 days on market

Listed by Jon Pezzente, Sutton Group-West Coast Realty

Premier Canyon Heights development opportunity featuring 2 LEGAL PIDs with no subdivision required. An opportunity for a builder to immediately advance one of North Vancouver's detached residential sites. The existing home has been demolished, substantial pre-development work has been completed & plans are available for 2 exceptional 3300+ sq. ft. residences, allowing you to move directly toward Building Permit applications. Perfectly positioned across from Cleveland Park & just steps to the scenic trails of Cleveland Dam, both homes are designed with sunny south-facing backyards & views of Grouse Mountain. An outstanding opportunity to save considerable time, expense, and uncertainty while bringing two premium homes to market in one of the North Shore´s most coveted neighbourhoods.

Type: House, Single Family
Bedrooms: 5
Bathrooms: 5
Living area: 3,196 sq ft
Lot: 4,318 sq ft
Parking: 1
Days on market: 97
MLS®: R3142055

Price per sq ft: $413 vs $799 median for houses in North Vancouver for sale (329)

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

On market 97 days

Listed now: 29 days; median for 330 houses for sale; this one 97 days

Houses in North 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 Maps can be out of date or miss a lot line; confirm with the municipality.

$5,751/mo

Mortgage $5,751

20% down at 4.34% fixed (Ratehub.ca), 25 years.

estimated payment

$5,751/ monthly

loan $1,056,000

25-year amortization

down payment20% · $264,00020%+ 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: $669,334
property transfer tax: $24,400; BC general rate
cash to close: $288,400; down + PTT
total paid: $1,725,334

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.

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