PH7 422 Lakewood Drive

Vancouver · MLS® R3179598

all units at 422 Lakewood Dr →

111

636 sq ft · Condo · Single Family · built 2026 · listed today

listed by Mehdi Shamei, Parallel 49 Realty

realtor's description

Penthouse at HILLTOP! EXCLUSIVE OFFERING: 25% OFF ALL 1, 2 & 3 Bedroom HOMES! Price incentive reflected in the listed price. This 1BED +DEN +FLEX +BALCONY home seamlessly blends style & functionality, featuring Waterproof Luxury Vinyl Flooring, Custom Closet Organizers & Smart-Home technology with App-Controlled Appliances, Entry locks, Lighting, A/C & Heating. The modern Kitchen showcases Open shelving, Matte Black appliances & Elegant Bettoglio Quartz surfaces. Enjoy Rooftop Amenities with Lush Urban Gardens & Panoramic City, Mountain & Water Views. The homes at HILLTOP offer premium living in Grandview-Woodland, a Walker´s & Biker´s Paradise! Stroll to The Drive, Pandora Park, Templeton Pool & an array of Popular Shops, Cafes & Restaurants - all just 10 minutes from Downtown Vancouver.

property details

type: Condo, Single Family
bedrooms: 1
bathrooms: 1
living area: 636 sq ft
parking: 1
year built: 2026
strata fee: $280 / mo ($0.44 / sq ft)
strata rules: Pets Allowed With Restrictions
days on market: 0
MLS®: R3179598

features

Central location
Elevator
Pets Allowed With Restrictions
All
Dishwasher

the market here

listed now: 45 days; median for 2078 condos for sale; this one listed today

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

monthly cost

$3,136/mo

Mortgage $2,856 · Strata $280

20% down at 4.44% fixed (Ratehub.ca), 25 years; strata fee from the listing.

estimated payment

$2,856/ monthly

loan $519,200

25-year amortization

down payment20% · $129,80020%+ down: no mortgage insuranceinterest rate4.44%Rates from Ratehub.ca (best 5-year fixed and variable), checked Oct 29, 2026. Semi-annual compounding; your lender's rate may differ.amortizationpayment frequency

total interest: $337,702
property transfer tax: $0; $10,980 less $10,980 newly built exemption
cash to close: $129,800; down + PTT
total paid: $856,902

first-time buyernewly builtforeign national

Estimates only. Rates change daily and lenders qualify at the stress-test rate. Talk to a mortgage broker before you offer. Transfer tax: 1% to $200k, 2% to $2M, 3% to $3M, 5% above. First-time buyers pay nothing on the first $500k for homes up to $835k (phasing out by $860k); newly built homes are exempt up to $1.1M (phasing out by $1.15M). Both need Canadian citizenship or permanent residence and other conditions; the 20% foreign buyer tax applies in Metro Vancouver, the Fraser Valley, the Capital Region, Central Okanagan and Nanaimo.

if you rented it out

rent: $1,940/mo
after all costs: −$1,387/mo
cap rate: 2.7%; yearly net rent ÷ price

Rent / moDown payment %Rate %

Costs: mortgage $2,856 · strata $280 · insurance ~$35 · vacancy 3% · upkeep 5%.

Rent is today's market rent for a 1-bedroom in East Hastings, Vancouver: CMHC's average there ($1,692) raised by what new tenants pay against everyone in the Vancouver area, then down 1.5% with Vancouver's asking rents, 2025 Q4 → 2026 Q2. (CMHC Rental Market Survey, October 2025; CMHC Rental Market Report 2025, table 6.0 (rents on units that turned over to a new tenant); trend: Statistics Canada.) 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: 920 m² (9,903 sq ft) · PID 032-826-605. from ParcelMap BC; property lines are approximate, a survey is the legal boundary.

VancouverGoogle Maps ↗

Rapid transit: VCC–Clark SkyTrain station, 2.1 km (about 33 min walk); Commercial–Broadway SkyTrain station, 2.2 km (about 34 min walk).

schools

Catchment schools, Vancouver School Board

Elementary Hastings Elementaryhomes in this catchment
800 m away · 2625 Franklin St, Vancouver · 604-713-5507
Secondary Templeton Secondaryhomes in this catchment
300 m away · 727 Templeton Dr, Vancouver · 604-713-8984

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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