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$5,000,000

2988 Point Grey Road

Kitsilano, Vancouver, BC, V6K 1B1

5 | 4 | 3 | 3,361 sq.ft. | Year Built: 1924 |

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Seaside lifestyle on Vancouver's Golden Mile. This meticulously renovated home offers 3 suites spanning 3,361 sqft, making it ideal for a primary residence with room for family, a city base without the vacant homes tax, downsizing without sacrificing space/privacy or an income-generating investment, the flexible layout offers endless possibilities. The home blends modern architectural elements with a serene coastal aesthetic, including a zen inspired private yard with extensive concrete work, ambient lighting & lush landscaping. The detached concrete/glass garage is a showpiece on its own—perfect for a gym, studio, or car collection. Situated on a sunny 38x120 ft lot, this is a rare opportunity to live in one of the city's most coveted streets, steps from the beach, RVYC & Jericho Tennis.

Property Info

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MLS®: R3007336

Listing Courtesy of eXp Realty

Total Bedrooms 5

Total Bathrooms 4

Floor Space 3361 sq.ft.

Lot Size 4555 sq.ft.

Title Type Freehold NonStrata

Style 1 1/2 Storey

Date Listed XXXX-XX-XX

Property Type House

Listed Price $5,000,000

Unit Pricing $1,488/sq.ft.

Strata Fee $0.00

Tax Estimate $16,648/Year

Year Built 1924

Interior Features

Rooms

Below Porch (enclosed) 8'0 * 6'4

Below Patio 20'8 * 19'4

Below Foyer 11'5 * 12'0

Below Kitchen 11'5 * 18'4

Below Living Room 12'6 * 17'6

Below Bedrooms 12'0 * 9'8

Below Laundry 6'0 * 13'0

Below Utility 5'9 * 6'6

Main Porch (enclosed) 9'6 * 6'11

Main Foyer 11'8 * 6'2

Main Living Room 13'0 * 18'0

Main Dining Room 15'0 * 13'0

Main Kitchen 13'0 * 12'5

Main Laundry 6'0 * 5'0

Main Primary Bedroom 11'9 * 12'0

Main Bedrooms 10'9 * 12'3

Main Porch (enclosed) 9'0 * 4'7

Above Kitchen 9'4 * 13'3

Above Living Room 15'5 * 18'4

Above Bedrooms 8'8 * 13'7

Above Bedrooms 8'10 * 9'2

More Details

Storey 2

Floor Space Finished 3361.00 sq.ft.

Roof XXXXX

Zoning RT-8

Floor Finish XXXXXXXXXXXXXXXXXXXXXX

Exterior Finish XXXXXXXXXXXXXXXXXXXXXXXXXXX

Out Door Area XXXXXXXXXX

Parking Garage Double, Lane Access

Parking Cover 2

Parking Total 3

Fuel Heating Hot Water, Natural Gas, Radiant

Water Supply XXXXXX

Foundation Concrete Perimeter

Summary

Location and General Information

MLS Area Major: Vancouver West
Street Name: Point Grey
City: Vancouver
State Or Province: BC
Postal Code: V6K 1B1
Year Built Effective: 2024
Property Type: Residential
Property Sub Type: Single Family Residence

Taxes and HOA Information

Tax Year: 2024

Interior and Exterior Features

Bathrooms Information

Bathrooms Full: 3
Bathrooms Half: 1

Interior Features

Fireplaces Total: 2
Flooring: Concrete, Hardwood, Tile
Basement: Finished

Exterior Features

Exterior Features: Balcony, Private Yard
Roof: Other

Property

Utilities

Sewer: Sanitary Sewer
Water Source: Public

Property and Assessments

Foundation Details: Concrete Perimeter
Year Built: 1924
Year Built Effective: 2024
Lot Size Square Feet: 4554.88
Building Area Total: 3361
Living Area: 3361

Lot Information

Lot Features: Central Location, Lane Access, Marina Nearby, Private
Parcel Number: 029573246

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City Introduction

Overview of Vancouver, BC, Canada

Population

Vancouver is the largest city in British Columbia, with a population of approximately 660,000 (2023). The Greater Vancouver area has over 2.6 million residents. Vancouver is one of Canada's most diverse cities, with significant Chinese, South Asian, and Filipino communities.

Economy

Key Industries: Technology, film production, tourism, port trade, and real estate.
Tech Hub: Known as the "Silicon Valley of the North," Vancouver is home to numerous tech companies and startups.
Film Industry: Vancouver is the third-largest film production center in North America, after Los Angeles and New York.
Port Trade: The Port of Vancouver is Canada's largest port, connecting Asian and North American markets.

Living Features

Natural Environment: Vancouver is renowned for its stunning natural scenery, including Stanley Park, English Bay, and the North Shore Mountains.
Climate: Mild winters and cool summers make it ideal for outdoor activities.
Education: Home to prestigious universities like the University of British Columbia (UBC) and Simon Fraser University (SFU).
Multiculturalism: A vibrant multicultural community with diverse dining and cultural events.

Real Estate Investment

Prices: Vancouver is one of Canada's most expensive cities, with detached homes averaging $2 million CAD and condos around $800,000 CAD (2023).

Opportunities:

Strong demand from immigrants and students ensures a robust rental market.
Limited land supply and population growth support long-term price appreciation.

Risks:

High prices and foreign buyer taxes (20%) may increase investment costs.
Vacancy taxes and property taxes are relatively high, requiring careful financial planning.

Verdict

Vancouver is ideal for those seeking a high quality of life and long-term investment. Popular residential areas include Kitsilano and West End, while Downtown and Broadway corridor condos are attractive for investors.

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