Property Type: Detached HouseOwnership: Freehold

2985 W 16TH AVENUE

Vancouver, BC V6K3C7

$2,798,000

4 bed4 bath3 parking2,575 sqftBuilt 1999
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Property Details

Property & Lot

Sub-type
House
Lot size
4,026 square feet
Frontage
33 feet

Ownership & Fees

Property type
Detached House
Ownership
Freehold
Annual property tax
$12,225 (2026)

Interior

Basement
Finished, Full, Separate entrance
Heating
Radiant heat, Natural gas
Fireplace
Yes (1)

Exterior & Lot

View
View

Parking

Total spaces
3 — covered indicated
Features
Garage

Listing Information

MLS®
R3154218
Listed
August 10, 2026
Time on market
On the market for 21 days
Tax assessment year
2026
Data last synced
August 28, 2026

Listing provided by: RE/MAX Crest Realty · Data source: CREA DDF.

Description

A well maintained family home in an exceptional west side location, offering flexibility, comfort and excellent income potential. 3 spacious bedrooms on the upper floor. Bonus 2 bedroom legal suite, ideal for rental income. Legal suite includes its own private laundry. Excellent main floor layout with a large family room and kitchen combination, practical and comfortable living space and a private backyard- perfect for relaxing and entertaining. This property also includes a double garage plus one additional parking space, for up too three vehicles. Heated hardwood floors throughout. Enjoy the best of Kitsilano right outside your door. This home is just minutes from Kits Beach, local shops, cafes, restaurants, while offering convenient access to UBC and a selection of nearby schools. (id:63159)

Values & Trends

This listing

$1,087/sqft

Building average

No other active listings in this building

Vancouver average

$1,165/sqft

1216 active listing(s)

Parking: 3 stall(s) includedStorage locker: Not indicated

Per-stall/locker dollar values aren't itemized in our data source — shown as included/not indicated only, not a fabricated estimate. $/sqft averages are computed live from other active listings, not a third-party model.

Detached (House) Market Stats — Vancouver

Monthly figures from the Fraser Valley Real Estate Board for Vancouver detached (house)listings — not specific to this property.

MLS® HPI Benchmark Price

$2,303,200

Jul 2026

Average Sale Price

$2,623,974

Jul 2026

Monthly Sales

131

Jul 2026

Active Listings

1,316

Jul 2026

Sales-to-Active Ratio

10.0%

Jul 2026

Median Days to Contract

27 days

Jul 2026

MLS® HPI Benchmark Price

$2,657,400
$2,280,700
Aug '21Aug '22Aug '23Aug '24Aug '25Jul '26

Source: Fraser Valley Real Estate Board (FVREB).

Location Insights

Weather

Clear

17°C

Clear

Humidity 100%

Wind WNW 13 km/h

Tonight

14°

Tuesday

20°

Tuesday night

15°

Wednesday

19°

Wednesday night

14°

Thursday

17°

Source: Environment and Climate Change Canada.

Population

662,248

(2021 Census)

+4.9% since 2016

Density: 5,749.7/km²

Dwellings: 328,347

Median household income: $82,000

After-tax: $72,000

Immigrant population: 42.2%

Top countries of origin (% of total population)

  • China9.6% · 63,270
  • Philippines4.5% · 29,925
  • Hong Kong3.8% · 25,485
  • India2.2% · 14,640
  • United Kingdom1.9% · 12,895
  • Viet Nam1.8% · 12,115
  • Taiwan1.5% · 9,865
  • United States of America1.5% · 9,790

Source: Statistics Canada, 2021 Census of Population.

Location Accessibility

Our own metric — not an official Walk Score®.

Amenities

44

7/9 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
Carnarvon Community ElementaryElementary251 m
Kitsilano SecondaryElementary760 m
Pear Tree School(Independent)Elementary/Middle781 m
General Gordon ElementaryElementary894 m
Trafalgar ElementaryElementary1.0 km
Lord Kitchener ElementaryElementary1.0 km
Fraser Academy(Independent)K-121.2 km
Queen Elizabeth ElementaryElementary1.2 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
Eastbound W 16 Ave @ Carnarvon St64 m
Westbound W 16 Ave @ Mackenzie St82 m
Westbound W 16 Ave @ Balaclava St196 m
Westbound W 16 Ave @ Macdonald St223 m
Southbound Macdonald St @ W 16th Ave251 m

Nearby Places

Restaurants (5+)

  • Lotus Indian Bistro · 3188 Macdonald Street270 m
  • Yuwa Japanese Cuisine · 2775 West 16th Avenue300 m
  • fiore famiglia · 2603 West 16th Avenue502 m
  • The Painted Ship · 2884 West Broadway682 m
  • Chef's Flavour · 2872 West Broadway684 m

Cafes (5+)

  • Starbucks273 m
  • Just Another · 3040 West Broadway671 m
  • JJ Bean674 m
  • Neverland Tea Salon · 3066 West Broadway676 m
  • Tim Hortons · 3102 West Broadway690 m

Grocery (5+)

  • Choices Market · 2627 West 16th Avenue455 m
  • F.I.S.H Market/ Cafe · 2959 West Broadway698 m
  • Parthenon Market · 3089 West Broadway710 m
  • Persia Foods · 2827 West Broadway720 m
  • City Avenue Market · 3151 West Broadway741 m

Parks (4)

  • Carnarvon Park · 2995 West 19th Avenue162 m
  • Park Site on Blenheim · 3500 Quadra Street575 m
  • Quadra West Park640 m
  • Valdez Park · 3210 West 22nd Avenue708 m

Gyms (2)

  • Orangetheory Fitness · 3055 West Broadway705 m
  • Club Pilates · 2682 West Broadway792 m

Pharmacies (2)

  • Shoppers Drug Mart · 2979 West Broadway669 m
  • Safeway · 2733 West Broadway788 m

Banks & ATMs (5+)

  • CIBC · 2896 West Broadway670 m
  • Gulf & Fraser · 2941 West Broadway700 m
  • National Bank · 3190 West Broadway716 m
  • Scotiabank · 2798 West Broadway718 m
  • Bitcoin ATM Localcoin · 3216 West Broadway742 m

Nearby places data: © OpenStreetMap contributors.

School district: Vancouver (SD39)

Mortgage & Ownership Cost Calculator

Minimum required: 20.0% ($559,600) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$2,238,400.00
Periodic payment — Principal & Interest (monthly)$14,441.40
Additional monthly expenses (strata, tax, utilities, etc.)$1,147.75
Total monthly cost$15,589.15
Interest paid over 5-yr term$641,531.87
Balance at end of term$2,013,448.04

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$559,600
Stress test qualifying rate8.09%
Payment you must qualify for$17,212.51

Cash Needed at Closing

Minimum down payment$559,600
Estimated BC PTT$61,940
Legal / closing costs (typical estimate)$1,500
Total cash needed$623,040

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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