2976 Palmerston Avenue — West Vancouver


$ 6,498,000 FOR SALE MLS# R3164995
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THE GROVE – A rare opportunity to create a world-class estate on an exceptional 35,600+ sq ft, RS2-zoned, south-facing property in Altamont, West Vancouver. Cleared and ready to build, with significant preparatory work completed—putting you years ahead of a typical redevelopment timeline. This sun-filled, private site offers 120 ft of frontage and filtered ocean views. Build up to 10,500 sq ft with room for a pool, tennis or pickleball court, golf greens, accessory buildings and expansive outdoor living. Artistic AI renderings illustrate the possibilities. Potentially sub-dividable, offering additional development potential. Federal foreign buyer ban does not apply to bare land. At $6.498M, exceptional value for an estate-sized property in Altamont, just 20 minutes from downtown Vancouver.
MLS® ReciprocityThis representation is based on data supplied under MLS® Reciprocity.

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Property Details

Bedrooms
Bathrooms
Living Area
Lot Area35,621 sqft
Property TypeLand
MLS® R3164995
StatusActive
Listing BrokerRoyal LePage Sussex

Property History

DateMLS #PriceEvent
Mmm 00, 0000 R0000000 $0,000,000 Listed
Mmm 00, 0000 R0000000 $0,000,000 Price change
Mmm 00, 0000 R0000000 $0,000,000 Sold
Mmm 00, 0000 R0000000 $0,000,000 Listed

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Market Overview

Altamont · West Vancouver · All Homes

Active PropertiesAll ActiveThis Property
All Homes20
Median Asking Price $ 7,989,000 $ 6,498,000
Median Price per SqFt $1,152
Median Days on Market 100
Sold Properties Sep 2026Aug 2026Sep 2025
All Homes 1 0 0
Median Selling Price $ 2,845,000
Median Price per SqFt $686
Median Days on Market 174
Median Discount Off Ask 15.1%
New Listings 323
Months of Inventory 40.0

At the current sales pace, it would take about 40 months to sell all the homes currently for sale here — a Buyer's market.

SELLER'S
BALANCED
BUYER'S

More homes are for sale than there are buyers, so buyers tend to have more choice and more room to negotiate on price.

Only a few homes have sold here recently, so this figure swings easily — read it as a rough guide, not a precise number.

What's this?

Months of inventory = the number of homes currently for sale ÷ the average number sold per month recently. As a rule of thumb, under 5 months favours sellers, 5–8 is balanced, and over 8 favours buyers.

Altamont: Number of Sales

Altamont: Median Sold Price

Altamont: Median Sold Price per SqFt

Aggregate market statistics from the MLS® for Altamont. Figures are medians and may reflect small sample sizes in a single neighbourhood. Not an appraisal — ask a team member to verify.