North Vancouver Condos Over $1,200,000

This is the luxury tier of the North Vancouver condo market — three-bedrooms, penthouse-level suites, large waterfront units, and premium concrete buildings with the newest construction in the city. Lower Lonsdale dominates by volume, with Lynn Valley, Central Lonsdale, and Edgemont following. Three-bedroom suites account for nearly 40% of sales in this bracket — more than any other price range. Product here ranges from large two-bedrooms with exceptional views to full-floor penthouse suites above $3M. Wallace Green Real Estate Group has helped 500+ North Shore buyers and sellers. Browse below or reach out directly — at this price point the right conversation matters more than a saved search.

What you find above $1,200,000 in North Vancouver

Above $1.2M the North Vancouver condo market shifts decisively toward three-bedroom product and premium two-bedrooms in trophy buildings. Three-bedrooms account for nearly 40% of sales in this bracket — more than any other price range — and the median year built is 2019, the newest stock in the entire NV condo market. This is genuinely luxury product: concrete construction, professional-grade kitchens, large floor plans, and views that command a persistent premium.

Lower Lonsdale dominates this bracket — large waterfront-adjacent suites along the Esplanade, penthouse and sub-penthouse units in premium buildings, and full-floor suites in the buildings closest to the Shipyards. The best product here trades above $2M and in some cases above $3M for full-floor penthouses with unobstructed water and mountain views. Lynn Valley also contributes meaningfully — top-floor suites in newer concrete buildings with panoramic mountain outlooks, drawing downsizers from the Lynn Valley detached market who want to stay in the neighbourhood without the maintenance of a house.

Central Lonsdale rounds out the top three, with larger suites in boutique mid-rise buildings attracting buyers who want the walkability of the Lonsdale corridor without the density of Lower Lonsdale. Roche Point, Lynnmour, and Edgemont all appear at the lower end of this range. Edgemont is a notable entry — predominantly a detached neighbourhood, its limited condo supply commands a significant premium, with the GVR benchmark well above the NV condo average. Product here draws downsizers who want to stay in Edgemont and buyers seeking Handsworth Secondary school catchment without the entry cost of detached.

What buyers should know at this price point

This market is thin and relationship-driven. There are fewer than 100 sales annually in this bracket across all of North Vancouver. That means less comparable data, wider price variation between individual properties, and a buyer pool where everyone knows what is on the market. Off-market opportunities exist here that do not in lower brackets. Having a trusted advisor with relationships in the buildings you are targeting matters more at this price point than at any other.

Penthouse and sub-penthouse suites carry unique costs. Top-floor suites in concrete buildings often have higher strata fees due to roof access, mechanical exposure, and higher insurance valuations. Private elevator lobbies and exclusive amenities add ongoing costs. Factor the full carrying cost — mortgage, strata fees, property tax — into your analysis before shortlisting buildings.

The comparison to detached becomes relevant here. At $1.2M and above, entry-level detached homes in select North Vancouver neighbourhoods enter the conversation — Westlynn, Calverhall, Norgate, and Queensbury all have detached product in this range. Whether a luxury condo or an entry detached home is the right choice depends entirely on lifestyle priorities: maintenance tolerance, outdoor space, privacy, and long-term value trajectory. We are happy to walk you through both sides of that comparison honestly.

Looking for something specific that is not showing in this search? Contact us directly — product at this level often trades before it reaches public aggregators.