Property Type: Land / LotOwnership: Freehold

2976 PALMERSTON AVENUE

West Vancouver, BC V7V2X3

$7,370,000

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Property Details

Property & Lot

Lot size
35,621 square feet
Frontage
120 feet

Ownership & Fees

Property type
Land / Lot
Ownership
Freehold
Annual property tax
$29,099.16 (2026)

Interior

Fireplace
None

Exterior & Lot

View
View

Listing Information

MLS®
R3148330
Listed
July 21, 2026
Time on market
On the market for 41 days
Tax assessment year
2026
Data last synced
August 28, 2026

Listing provided by: Royal LePage Sussex · Data source: CREA DDF.

Description

THE GROVE - Build your dream home without compromise and create a world-class estate on this exceptional 35,600+ square ft south-facing property in Altamont, one of West Vancouver's most coveted neighbourhoods. Offered as bare land, the sun-filled, gently sloping site is cleared and ready to build, with significant preparatory work already completed. Design a custom residence of up to 10,500 square ft with filtered ocean views, surrounded by mature trees and complete with resort-style amenities including a pool, tennis or pickleball court, golf greens, outbuildings and seamless indoor-outdoor living. Centrally located yet discreet, this 0.818-acre estate-sized parcel is a unique offering in an established enclave where opportunities to build an estate of this scale are increasingly limited. (id:63159)

Location Insights

Weather

16°C

Humidity 72%

Wind E calm km/h

Tonight

14°

Tuesday

20°

Tuesday night

15°

Wednesday

19°

Wednesday night

14°

Thursday

17°

Source: Environment and Climate Change Canada.

Population

44,122

(2021 Census)

+3.9% since 2016

Density: 506.1/km²

Dwellings: 18,795

Median household income: $104,000

After-tax: $90,000

Immigrant population: 45.7%

Top countries of origin (% of total population)

  • China12% · 5,295
  • Iran10% · 4,405
  • United Kingdom4.8% · 2,105
  • United States of America2% · 880
  • Korea, South1.1% · 500
  • Hong Kong1.1% · 475
  • Germany1% · 425
  • South Africa, Republic of0.9% · 380

Source: Statistics Canada, 2021 Census of Population.

Location Accessibility

Our own metric — not an official Walk Score®.

Amenities

11

1/9 categories nearby

Transit

33

5 stop(s) within 800m

How this is calculated

Amenities: points awarded per category (restaurants, cafes, grocery, parks, shopping, gyms, pharmacies, banks/ATMs, healthcare) based on distance to the nearest one — 3 points under 200m, 2 points under 500m, 1 point under 800m — summed across all 9 categories and scaled to 0–100.

Transit: based on the number of transit stops within 800m and their mode (SkyTrain weighted highest, then streetcar/ferry, then bus). This reflects stop type and count only — our data doesn't include how often a route actually runs, so frequency is never factored in.

Both scores depend on how much of the surrounding area has been synced from OpenStreetMap and TransLink's GTFS feed. A lower score can mean fewer amenities nearby, or simply that this area hasn't been fully synced yet — not a confident measurement of the location itself.

Nearby Schools

SchoolTypeDistance
West Bay ElementaryElementary534 m
Mulgrave School(Independent)K-12851 m
Collingwood School(Independent)K-121.1 km
Irwin Park ElementaryElementary1.3 km
Ecole Pauline Johnson ElementaryElementary2.1 km
West Vancouver SecondarySecondary2.6 km
West Vancouver Inglewood SecondarySecondary2.6 km
Cypress Park PrimaryElementary3.0 km

Schools shown by distance from this property. This does not indicate school catchment or enrollment eligibility — contact the school district to confirm catchment boundaries.

Nearby Transit

StopTypeDistance
Westbound Marine Dr @ 30 St351 m
Eastbound Marine Dr @ 30 St365 m
Northbound 31 St @ Dickinson Cres445 m
Westbound Marine Dr @ 29 St471 m
Eastbound Marine Dr @ 29 St483 m

Nearby Places

Parks (3)

  • Altamont Park193 m
  • 29th Street Park · 2892 Marine Drive550 m
  • Benbow Park601 m

Nearby places data: © OpenStreetMap contributors.

School district: West Vancouver (SD45)

Mortgage & Ownership Cost Calculator

Minimum required: 20.0% ($1,474,000) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$5,896,000.00
Periodic payment — Principal & Interest (monthly)$38,038.99
Additional monthly expenses (strata, tax, utilities, etc.)$2,424.93
Total monthly cost$40,463.92
Interest paid over 5-yr term$1,689,810.55
Balance at end of term$5,303,471.07

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$1,474,000
Stress test qualifying rate8.09%
Payment you must qualify for$45,338.18

Cash Needed at Closing

Minimum down payment$1,474,000
Estimated BC PTT$286,500
Legal / closing costs (typical estimate)$1,500
Total cash needed$1,762,000

Minimum down payment: 5% on the first $500,000, 10% on the portion up to $1.5M, 20% at/above $1.5M. Stress test: OSFI's minimum qualifying rate, the greater of contract rate + 2% or 5.25% — this is what lenders require you to qualify at, not what you'll actually pay. Closing costs are a typical-range estimate, not a quote — actual legal fees vary. Verify all figures with a mortgage broker and lawyer before relying on them.

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