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New buildInvestment signal

$2,590,000

1 3638 W 3RD AVENUE

Beds

3

Baths

4

Sqft

Year

2026

About this home

Nestled in the heart of prestigious Kitsilano, this South-facing back unit duplex offers effortless coastal lifestyle. Residents enjoy immediate access to Vancouver's premier waterfront, tree-lined streets, and boutique amenities. Anticipated completion June 2026. This brand-new property features 3 beds and 3.5 baths, offering thoughtful design and premium finishes. The gourmet kitchen is a masterpiece of function, with Miele appliances, and a sleek layout perfect also for entertaining. Experience high ceilings, Euroline windows, and radiant in-floor heating. Modern essentials include A/C, EV-ready garage and smart home features. The top-floor bedroom is a serene retreat with a private deck and spa-inspired ensuite. Exceptional storage includes a full crawlspace and detached garage. (id:65958)

Subtype
Single Family
Architectural style
2 Level
Lot size
3,960 square feet
MLS#
R3106596
Area
VANCOUVER
Negative cash flow ~$4,914/mo at these assumptions

Cash on cash

-11.38%

Cap rate

3.61%

GRM

16.7

Break-even rent

$18,122

Financing

Down payment$518,000
Loan amount$2,072,000
Mortgage$12,712/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$1,187
Insurance$80
Maintenance$2,158
CapEx reserve$1,079
Vacancy loss$648

Estimates only. Actual cash flow depends on financing terms, condition reports, current market rents, property tax assessment, condo fees, and tenant quality. Defaults: 5% vacancy, 1%/yr maintenance, 0.5%/yr CapEx reserve, $80/mo insurance. Property tax estimated at 0.55%/yr where not provided. Talk to a mortgage broker before relying on these numbers.

Mortgage estimate

Estimated $12,712/mo at 5.49% with 20% down, 25-yr amortization.Estimate only — actual payment varies by qualification + insurance.

Listing brokerage

Listing brokerage on file

Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated Apr 16, 2026.

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