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Investment signal

$1,599,000

B 403 ALDER STREET

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Beds

Baths

Sqft

—

Year

1999

Type

Single Family

Suite

Investment signal

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Location nearby

Nearby school, halal, mosque, grocery, park, and transit layers are still being built for North Vancouver. The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.

About this home

This 1/2 duplex is more like a 2/3 duplex with over 60% of the building! It has fantastic unobstructed views of the downtown skyline. It is close to restaurants and shops while maintaining a close-knit neighbourhood feel that feels tucked away. It is currently separated into a separate water-view loft area and a three-bedroom water view main unit. There is a single car garage in the rear with an additional parking stall, and two gas fireplaces. This property has been tenanted for the past 16 years so no site walk ons, please call or text for an appointment. While the unobstructed views are fantastic the property is ready for a refresh at this true hidden gem. Please contact Listing Agent for appointment to view. (id:65958)

Subtype: Single Family
Architectural style: 2 Level
Structure: Duplex
Common interest: Condo/Strata
Living area: 2,259 square feet
Lot size: 7,000 square feet
Lot dimensions: 7000
Parking: 2 total
Condo/HOA fee: $0 monthly
On market: Mar 4, 2026
Status changed: Apr 26, 2026
Annual tax: $5,643.51 (2024)
Photos: 19
MLS#: R3095917
Area: NORTH_VANCOUVER

Features and systems

Parking

Garage

Appliances

AllDishwasher

Heating

ElectricNatural gas

View

Negative cash flow ~$1,693/mo at these assumptions

Monthly rent (CAD)Adjust to your local market estimateDown payment (%)Investment props typically 20-25%Mortgage rate (% annual)Default 4.5% — adjust to your rate holdAmortization (years)

Cash on cash

-6.35%

Cap rate

3.59%

GRM

16.7

Break-even rent

$9,782

Financing

Down payment$319,800

Loan amount$1,279,200

Mortgage$6,482/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$733

Insurance$80

Maintenance$1,333

CapEx reserve$666

Vacancy loss$400

Estimates only. Actual cash flow depends on financing terms, condition reports, current market rents, property tax assessment, condo fees, and tenant quality. Defaults: 4.5% rate, 30-year amortization, 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 $6,482/mo at 4.5% with 20% down, 30-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 27, 2026.