Property Type: Land / LotOwnership: Freehold

55 PASSAGE ISLAND

West Vancouver, BC V7W1V7

$239,900

Get Directions

Property Details

Property & Lot

Lot size
15,892 square feet

Ownership & Fees

Property type
Land / Lot
Ownership
Freehold
Annual property tax
$527.65 (2025)

Interior

Fireplace
None

Exterior & Lot

View
View

Listing Information

MLS®
R3113037
Listed
April 18, 2026
Time on market
On the market for 136 days
Tax assessment year
2025
Data last synced
August 28, 2026

Listing provided by: Sotheby's International Realty Canada · Data source: CREA DDF.

Description

Very affordable high bank waterfront! Lot 55 is a high bank, granite waterfront lot with unobstructed views to Pt. Atkinson and towards West End of Vancouver. Property land size is 15,892 square feet. Dreaming of building a very affordable tiny home on a very affordable lot? You found it! Septic field will be challenging. Easement on property in favour of neighbouring lot. Steps to South Beach, living on Passage is like paradise. Great internet access so you can work from home and if you have to get back to mainland it is less than 15 minutes by private boat access. Live the ZEN life here! (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.

Nearby Schools

SchoolTypeDistance
Eagle Harbour MontessoriElementary3.6 km
Gleneagles ElementaryElementary3.7 km
Rockridge SecondarySecondary4.0 km
Caulfeild ElementaryElementary4.0 km
Cypress Park PrimaryElementary5.0 km
Bowen Island Community SchoolElementary5.2 km
Island Pacific School(Independent)Middle5.5 km
West Bay ElementaryElementary7.5 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: West Vancouver (SD45)

Similar Listings Nearby

Similar active properties nearby based on property type, price, and size.

Mortgage & Ownership Cost Calculator

Minimum required: 5.0% ($11,995) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$191,920.00
Periodic payment — Principal & Interest (monthly)$1,238.20
Additional monthly expenses (strata, tax, utilities, etc.)$43.97
Total monthly cost$1,282.17
Interest paid over 5-yr term$55,004.82
Balance at end of term$172,632.66

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$11,995
Stress test qualifying rate8.09%
Payment you must qualify for$1,752.51

Cash Needed at Closing

Minimum down payment$11,995
Estimated BC PTT$2,798
Legal / closing costs (typical estimate)$1,500
Total cash needed$16,293

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