Home Vancouver, BC South Marine Currents at Water's Edge 605 3198 Riverwalk Avenue

605 3198 Riverwalk Ave, Vancouver BC V5S 0E8 – Condo for Sale – MLS® R3165862

605 3198 Riverwalk Avenue, Vancouver, British Columbia V5S 0E8

Vancouver Condos for Sale

58 days on the market

$1,890,000

Est. monthly cost $9,217/mo

Updated with MLS® - Nov 12, 2026 at 08:10am

Currents At Water’s Edge

3 Beds

3 Baths

1799 sqft

1051 $ /sqft

1109.49 $ Maint. fee

2021 built

Photos

Currents at Water’s Edge by Polygon. A rare 3-bedroom + den, 3-bath waterfront residence offering 1,799 sq.ft. of spacious living with an exceptional 700 sq.ft. river-facing balcony and unobstructed Fraser River views. This distinctive corner home features a generous open layout, walk-in closet, built-in cabinetry, updated finishes and seamless indoor-outdoor living. Includes 2 parking stalls and 3 storage lockers. A truly unique River District home combining space, privacy, expansive outdoor living and beautiful waterfront views.

Building 27 fields Inside & out 12 fields Lot & land 8 fields

Building Details

Price	$1,890,000
Total Bedrooms	3
Total Bathrooms	3
Full Bathrooms	3
Half Bathrooms	0
Floor Area Total (sqft)	1799
Year Built	2021
Age Of Building	5
Building Type	Apartment/Condo
Unit Style	Corner unit
Property Type	Residential
Stories	1
Building Amenities	Bike Room, Exercise Centre, Recreation Facilities, Caretaker, Trash, Maintenance Grounds, Hot Water, Management, Sewer, Water
Building Name	Currents At Water’s Edge
Ownership Type	Freehold Strata
Maintenance Fee	$1,109.49
Community Features	Restaurant, Shopping Nearby
Amenities Nearby	Bike Room, Exercise Centre, Recreation Facilities, Caretaker, Trash, Maintenance Grounds, Hot Water, Management, Sewer, Water
Utility Type	Electricity Connected, Natural Gas Connected, Water Connected
Utility Sewer	Public Sewer, Sanitary Sewer
Water (WaterSource)	Public
Parking Type	Garage Under Building, Guest, Garage Door Opener
Total Parking Spaces	2
Strata Restrictions	Pets Allowed w/Rest.,Rentals Allwd w/Restrctns
Pet Restrictions	Cats OK, Dogs OK, Number Limit (Two), Yes With Restrictions
Rental Suites	None
Units In Development	141

Interior Features

Basement Finished Area (sqft)	0
Basement Features	None
Appliances Included	Washer/Dryer, Dishwasher, Refrigerator, Stove, Microwave
Interior Features	Elevator, Storage
Heating Type	Baseboard
Laundry	In Unit
# of Kitchens	1
Foundation	Concrete Perimeter

Exterior Features

Exterior Features	Playground, Balcony
View Description	Unobstructed water view
Roof	Other
Structures	Multi Family, Residential Attached

Lot & Land

Lot Size Depth	Feet
MLS^® #	R3165862
Area	Vancouver East
Neighbourhood	South Marine
City	Vancouver
Postal Code	V5S 0E8
Gross Taxes	$5,900
Zoning	CD-1

Property Timeline

Status	Date	Price
R3165862 / Active	09-15-2026	$1,890,000
to view full Property History (1 earlier record)

Rooms

Floor	Type	Dimensions
Main Level	Foyer	10'5 x 10'5 ft
Main Level	Laundry	6'2 x 6'2 ft
Main Level	Den	8'7 x 8'7 ft
Main Level	Kitchen	16'10 x 16'10 ft
Main Level	Dining Room	15'7 x 15'7 ft
Main Level	Living Room	15'7 x 15'7 ft
Main Level	Bedroom	16'10 x 16'10 ft
Main Level	Bedroom	16'10 x 16'10 ft
Main Level	Primary Bedroom	13' x 13' ft
Main Level	Walk-In Closet	6'2 x 6'2 ft
Main Level	Walk-In Closet	7'9 x 7'9 ft

Bathrooms

Floor	Ensuite	Pieces
Main Level	Yes	#4
Main Level	Yes	#3
Main Level	No	#3

Listed by: Coldwell Banker Universe Realty

NOTE: This representation is based in whole or in part on data generated by the Chilliwack & District Real Estate Board, Fraser Valley Real Estate Board or Greater Vancouver REALTORS^® which assumes no responsibility for its accuracy.

About the building: Currents at Water's Edge

3198 Riverwalk Avenue, South Marine, Vancouver

Currents at Water's Edge building details

Building

Built: 2021
Homes: 141 in 7 storeys
Construction: Concrete
Title: Freehold Strata
Strata plan: EPS7633
Managed by: First Service
Parking: Garage: Underground
Lockers: Limited
Strata fee covers: Snow removalRecreation FacilityManagementHot WaterHeatGasGardeningGarbage PickupCaretaker

Bylaws on record

Pets: Restricted; Cats and dogs OK, max 2
Rentals: Allowed

Market at Currents at Water's Edge

For sale: 4
Median ask: $800K
Median $/sqft: $871
Days on market: 55
Sold, past year: 3

This home

$1,051/sqft, 20.7% above the building median of $871.

Structural warranty runs to 2031 under BC's 2-5-10 new-home warranty.

Homes for sale at Currents at Water's Edge, Vancouver Recent sold listings in Currents at Water's Edge, Vancouver

From MLS® and public strata records. Verify against the current Form B and registered bylaws.

Map, sell speed & climate

SkyTrain 3.32 km · Killarney Secondary School 6.3/10 · 2.25 km · crime average · sell-speed score 43/100 (may take longer) · flood lower risk · wildfire low

Map & area Sell speed Climate risk

Map & Neighbourhood

Nearby Restaurants, Cafes & Shops

Restaurants (9 nearby)

Romers burger bar · 280 m · Restaurant
Panago · 510 m · Fast Food
District noodle house · 522 m · Restaurant

Shopping (5 nearby)

Spice wax bar · 529 m · Beauty Shop
Scotiabank · 552 m · Bank
Shoppers drug mart · 576 m · Pharmacy

Cafes (3 nearby)

Boketto dessert cafe · 543 m · Cafe
Angus t bakery & cafe · 586 m · Cafe
Starbucks · 616 m · Cafe

Groceries (1 nearby)

Save-on-foods · 638 m · Supermarket

Healthcare (1 nearby)

Shoppers drug mart · 576 m · Healthcare

Parks & Recreation (1 nearby)

Kinship housing co-operative playground · 240 m · Playground

Transit (1 nearby)

Bus stop eastbound se marine dr @ city edge place · 998 m · Transit

Public Schools

Elementary
Captain James Cook Elementary School: Average 1.55 km 6.2/10
Secondary
Killarney Secondary School: Average 2.25 km 6.3/10

Information includes BC Government Open License data; school details change often and are offered solely as general guidance.

Private Schools

Elementary
Qawsain Knowledge House: 2.54 km
Secondary
Canada Star Secondary School: Above Average 4.81 km 7.9/10

Closest Transit

Bus Stop
Westbound SE Marine Dr @ Fieldstone Ave: 0.42 km
Skytrain
Skytrain @ Patterson Stn: 3.32 km

Crime Rate

Total Crime Rate: Average
Violent Crime Rate: Below Average
Property Crime Rate: Above Average

Demographics

Post-Secondary Education: Above Average 35.1%
No Certificate/Degree: Below Average 12.4%
Owner Occupied: Average 62.7%
Employment Rate: Above Average 66.4%

Noise/ Power Lines

Road/Hwy Noise: Unlikely
Railway/Sky train Noise: Unlikely
Airport/Port Noise: Unlikely
Close to major Power Lines: Unlikely

Other

Agricultural Land Reserve (ALR): Unlikely
Flood Area: Unlikely
Close to Cemeteries: Unlikely

Sell Speed & Competition

43 / 100

Overall sell-speed score

May take longer

Price competition grade

Avg comparable: $1,698,333

Flood Risk

Unlikely — not in floodplain

Railway / Skytrain noise

Unlikely — 3.32 km from station

Road / Highway noise

Unlikely

Airport noise (YVR)

Unlikely

Power lines proximity

Unlikely

ALR (Agricultural Land Reserve)

No — not in ALR

How SOUTH MARINE compares

This property

58 DOM

Listed

605 3198 Riverwalk Avenue has a sell-speed score of 43/100, placing it in the "May take longer than the area average to sell" band. The listing is priced 11.3% above comparable active properties in South Marine. Based on these signals, EstateBlock predicts this listing is could take longer than the area average to sell.

Climate Risk for V5S 0E8

Natural hazards vary by location and can change over time. The following provides a summary of potential impacts to this area, postal code V5S 0E8, over the next 30 years. Projections use the 2041–2070 period (2050s) under a moderate emissions scenario (SSP2-4.5).

Flood Lower Risk

Outside of designated flood hazard zones. Under 10% of buildings in this area have flood risk over the next 30 years.

Fire Low

Located within the "Vancouver" WUI zone (Risk Class 5 — Low). Based on BC Wildfire Service provincial WUI Risk Class mapping; not a site-specific assessment.

Air Quality A / Excellent

Annual avg PM2.5 4.4 µg/m³ — meets WHO 2021 guideline. Nearest station: Burnaby South, Burnaby (~4 km). Annual avg AQHI 2.2 — Low Risk.

Heat Low

Vancouver currently sees ~1 day above 30 °C per year (1981–2010 baseline), projected to rise to ~6 by the 2050s (SSP2-4.5 moderate emissions). Hottest day of the year: ~29.7 °C baseline, ~32 °C projected. Tropical nights (>18 °C): ~0 baseline, ~4 projected.

Precipitation Increasing

Annual precipitation ~1515 mm (1981–2010 baseline), projected ~1575 mm by the 2050s. Extreme 1-day rainfall: ~50.5 mm baseline, ~57 mm projected. Values vary modestly across the Lower Mainland.

Drought Stable

Longest annual dry spell (consecutive dry days): ~22 days baseline, ~24 days projected for the 2050s. CDD is used as a regional drought proxy; drought risk varies modestly across the Lower Mainland.

Schools NearBy

18 Schools are within 3km

School	Type	Grades Served	Catchment Info	Rating	Distance
Champlain Heights Annex	Public	Grades Served K-3	Catchment Info —	N/A	Distance 1.15 KM
Captain James Cook Elementary School	Public	Grades Served K-7	Catchment Info In Catchment	6.2 / 10	Distance 1.55 KM
Anne-Hebert	Public	Grades Served —	Catchment Info —	7.6 / 10	Distance 1.61 KM
David Oppenheimer Elementary School	Public	Grades Served K-7	Catchment Info —	6.3 / 10	Distance 1.67 KM
Suncrest Elementary School	Public	Grades Served K-7	Catchment Info —	7.4 / 10	Distance 1.87 KM
Champlain Heights Community Elementary School	Public	Grades Served K-7	Catchment Info —	5.5 / 10	Distance 1.91 KM
Sir Charles Kingsford-Smith School	Public	Grades Served K-7	Catchment Info —	5.4 / 10	Distance 2.17 KM
Sir Charles Kingsford-Smith	Public	Grades Served —	Catchment Info —	5.4 / 10	Distance 2.17 KM
Sir James Douglas Elementary School	Public	Grades Served K-7	Catchment Info —	6.6 / 10	Distance 2.18 KM
Killarney Secondary School	Public	Grades Served 8-12	Catchment Info In Catchment	6.3 / 10	Distance 2.25 KM
Qawsain Knowledge House	Independent	Grades Served K-3	Catchment Info —	N/A	Distance 2.54 KM
Dr. H. N. MacCorkindale Elementary School	Public	Grades Served K-7	Catchment Info —	6.4 / 10	Distance 2.56 KM
Sir James Douglas Annex	Public	Grades Served K-3	Catchment Info —	N/A	Distance 2.71 KM
Corpus Christi School	Independent	Grades Served K-7	Catchment Info —	10.0 / 10	Distance 2.76 KM
Waverley Elementary School	Public	Grades Served K-7	Catchment Info —	7.6 / 10	Distance 2.80 KM
South Slope Elementary School	Public	Grades Served K-7	Catchment Info —	6.9 / 10	Distance 2.80 KM
BC Provincial School For The Deaf Elementary	Public	Grades Served —	Catchment Info —	6.2 / 10	Distance 2.84 KM
David Thompson Secondary School	Public	Grades Served 8-12	Catchment Info —	7.0 / 10	Distance 2.90 KM

Pre-computed routes from 605 3198 Riverwalk Ave, Vancouver, BC

605 3198 Riverwalk Ave, Vancouver, BC Patterson 3.3 km

60 min

Downtown Vancouver Waterfront Station

By transit (Skytrain)

Downtown Vancouver via Patterson → Waterfront
60 min
Metrotown, Burnaby via Patterson → Metrotown
44 min
SFU Burnaby via Patterson → Production Way
64 min
Richmond Centre via Patterson → Brighouse
85 min
YVR Airport via Patterson → YVR-Airport
86 min

By car (off-peak)

Downtown Vancouver via HWY 1 / Grandview
12 min
Metrotown, Burnaby via Lougheed Hwy
4 min
SFU Burnaby via Gaglardi Way
12 min
Richmond Centre via No. 3 Rd
10 min
YVR Airport via Bridgeport / Sea Island
12 min

Calculate your commute

605 3198 Riverwalk Ave, Vancouver, BC is ideally located for commuters. The property is 3.3 km from Patterson, with a 60 min SkyTrain ride to Downtown Vancouver (Waterfront Station). The closest bus stop is Westbound SE Marine Dr @ Fieldstone Ave (0.42 km). Walk Score Transit rating: Some Transit (44/100).

Walkability & Transit Near 605 3198 Riverwalk Avenue

Car-Dependent 36

Walk Score - Car-Dependent

Most errands require a car

Some Transit 44

Transit Score - Some Transit

A few nearby public transportation options

Bikeable 65

Bike Score - Bikeable

Some bike infrastructure

BC Assessment Value — 605 3198 Riverwalk Avenue

2026 assessed value, sourced from City of Vancouver open data (PID 031-419-135).

Total Assessed Value (2026)

$1,754,000

-7.8% YoY

-3.0%/yr over 4 yr

2022 Value Trend 2026

Land

$1,279,000

Buildings

$475,000

Year Built

2021

Class

Comprehensive Development

Zoning

CD-1 (499)

Property Tax

$5,900

Year	Land	Improvements	Total Assessed	YOY Change
2026	$1,279,000	$475,000	$1,754,000	-7.8%
2025	$1,387,000	$515,000	$1,902,000	-0.9%
2024	$1,400,000	$520,000	$1,920,000	-7.6%
2023	$1,515,000	$562,000	$2,077,000	+4.7%
2022	$1,297,000	$686,000	$1,983,000	—

Costs & calculators

Monthly cost about $9,217/month · rent estimate $4,914/month · renting is cheaper than owning here · cash flow if rented −$4,612/month

Mortgage Cash flow Rent estimate Rent vs own

Mortgage Calculator for 605 3198 Riverwalk Avenue

$9,217 /month

Principal & Interest $7,616

Property Taxes $492

Maintenance fee $1,109

The estimated monthly cost of 605 3198 Riverwalk Avenue, Vancouver is $9,217: $7,616 principal and interest with 20% down over 30 years at 4.45%, plus $492 property tax and $1,109 strata fee.

or Call 778-918-5990

All figures are informational estimates by EstateBlock.com; actual mortgage payments and insurance rates vary by many factors.

Investment Cashflow Calculator

−$4,612 /month

Mortgage Payment $7,616

Monthly Cash Flow −$4,612

Break Even Down Payment 69%

Cap Rate -2.9%

Cash on Cash -14.6%

If 605 3198 Riverwalk Avenue, Vancouver were rented at $4,914 a month with 5% vacancy, it would fall $4,612 a month short of the mortgage and carrying costs; about 69% down would break even.

All figures are informational estimates by EstateBlock.com; actual mortgage payments and insurance rates vary by many factors.

Estateblock Rent Estimate for 605 3198 Riverwalk Avenue, Vancouver

$4,914 / month

Rent $4,914

Own $9,217

Principal: $2,449/mo Interest, tax, insurance, fees: $6,768/mo

Example shown is the principal portion at year 5 of the mortgage. It grows over the loan: ~$2,051/mo (year 1) → ~$4,769/mo (year 20) → ~$7,113/mo (year 29).

Net cost to own at year 5 ~$6,768/mo About $1,854/mo more than renting

EstateBlock estimates 605 3198 Riverwalk Avenue, Vancouver would rent for about $4,914 a month.

Approximate estimates for informational purposes only, not financial advice. Assumes a new 30-year fixed mortgage at the rate shown; actual rent, payments, and equity will vary by loan terms and market conditions. Consult a licensed professional before deciding.

Rent vs own: 605 3198 Riverwalk Avenue

Rent vs own

Renting is cheaper here

With 20% down ($378,000) at 4.45%: even counting principal paydown, owning costs more over 30 years

Principal paid off by year 5 $134,739

Principal paid off by year 10 $302,986

Assumes 20% down payment, 4.45% fixed rate, 30-year amortization. Rent line = full rent (money gone). Own line = interest + property tax + fees, excluding principal (money you keep as equity). No appreciation, investment returns or transaction costs included.

Renting 605 3198 Riverwalk Avenue, Vancouver stays cheaper than owning it over 30 years, with $134,739 of principal paid off by year 5 and $302,986 by year 10.