Property Type: Detached HouseOwnership: Freehold

5481 INDIAN RIVER DRIVE

North Vancouver, BC V7G2T7

$1,999,999

4 bed3 bath5 parking3,391 sqftBuilt 1980
Get Directions

Amenities

Also listed: Laundry - In Suite

Property Details

Property & Lot

Sub-type
House
Lot size
20,296 square feet
Frontage
116.4 feet

Ownership & Fees

Property type
Detached House
Ownership
Freehold
Annual property tax
$5,756.19 (2025)

Interior

Heating
Forced air, Electric
Fireplace
Yes (2)

Exterior & Lot

Pool
Outdoor pool

Parking

Total spaces
5 — covered indicated
Features
Carport

Listing Information

MLS®
R3127354
Listed
May 25, 2026
Time on market
On the market for 98 days
Tax assessment year
2025
Data last synced
August 28, 2026

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

Description

On Indian River Drive in North Woodlands, is a private almost 1/2 ACRE property w a 46 yr. old custom built home with a working artist´s studio. Open floor plan up has a large kitchen, dining, living area w den, 3 beds, 2 baths, play room, 2 decks with OCEAN VIEWS, 1 deck overlooking the sparkling POOL + Alan creek. Down: 1 bed w bath, laundry, office + access to the huge artist studio, potting shed + attached greenhouse. The surrounding area is lush forest + quiet neighbourhood. More than ample space for RV /boat storage on site. 8 minute drive to Parkgate, schools, golf club. The views of Burrard Inlet are the star of the location from all of the bright south facing windows. This home and has served the family well in their time. This rare opportunity could be yours! (id:63159)

Values & Trends

This listing

$590/sqft

Building average

No other active listings in this building

North Vancouver average

$895/sqft

281 active listing(s)

Parking: 5 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 — North Vancouver

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

MLS® HPI Benchmark Price

$2,078,200

Jul 2026

Average Sale Price

$2,348,842

Jul 2026

Monthly Sales

55

Jul 2026

Active Listings

323

Jul 2026

Sales-to-Active Ratio

17.0%

Jul 2026

Median Days to Contract

28 days

Jul 2026

MLS® HPI Benchmark Price

$2,368,500
$1,984,000
Aug '21Aug '22Aug '23Aug '24Aug '25Jul '26

Source: Fraser Valley Real Estate Board (FVREB).

Location Insights

Weather

Nearest station: West Vancouver

17°C

Humidity 66%

Wind NE calm km/h

Tonight

14°

Tuesday

20°

Tuesday night

15°

Wednesday

19°

Wednesday night

14°

Thursday

17°

Source: Environment and Climate Change Canada.

Population

146,288

(2021 Census)

+5.6% since 2016

Density: 848.1/km²

Dwellings: 63,200

Median household income: $108,300

After-tax: $93,882

Immigrant population: 34.7%

Top countries of origin (% of total population)

  • Iran7.8% · 11,435
  • United Kingdom4.1% · 5,975
  • Philippines3.1% · 4,470
  • China1.9% · 2,815
  • United States of America1.5% · 2,200
  • Korea, South1.4% · 2,065
  • South Africa, Republic of0.9% · 1,355
  • India0.9% · 1,305

Source: Statistics Canada, 2021 Census of Population.

Nearby Schools

SchoolTypeDistance
Cove Cliff ElementaryElementary2.8 km
Seycove Secondary CommunitySecondary3.3 km
Dorothy Lynas ElementaryElementary3.6 km
St. Pius X Elementary School(Independent)Elementary4.2 km
Sherwood Park ElementaryElementary4.6 km
Anmore ElementaryElementary5.7 km
Blueridge ElementaryElementary5.9 km
Lions Gate Christian Academy(Independent)K-126.1 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

No TransLink stops within an ~10-minute walk.

School district: North Vancouver (SD44)

Mortgage & Ownership Cost Calculator

Minimum required: 20.0% ($400,000) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$1,599,999.00
Periodic payment — Principal & Interest (monthly)$10,322.65
Additional monthly expenses (strata, tax, utilities, etc.)$649.68
Total monthly cost$10,972.33
Interest paid over 5-yr term$458,564.31
Balance at end of term$1,439,204.28

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$400,000
Stress test qualifying rate8.09%
Payment you must qualify for$12,303.43

Cash Needed at Closing

Minimum down payment$400,000
Estimated BC PTT$38,000
Legal / closing costs (typical estimate)$1,500
Total cash needed$439,500

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.

Request more information