Condo
$1,298,000
1505 590 Nicola Street
Vancouver47 days on market
listed by Homeland Realty
MLS® R3162315
1002 5410 Shortcut Road
221
950 sq ft · Condo · Single Family · built 2021 · 1 day on market
listed by Sterling Wong, Oakwyn Realty Ltd.
realtor's description
Welcome to Cedar Walk by Polygon, a prestigious concrete community in UBC's sought-after Lelem Village. Just a 10-minute walk to the UBC campus, this immaculate, owner-occupied 2 bedroom, 2 bathroom home has been exceptionally well maintained & shows like new. Offering 950 sq.ft. of thoughtfully designed living space, it features fresh paint, new carpets, engineered hardwood floors, & a gourmet kitchen with Miele appliances, quartz countertops, & a large island. Enjoy private city, mountain & forest views, along with blackout & OEM blinds. Includes Air Conditioning, an upgraded EV parking stall & a large caged storage locker. Steps to shopping, Urban Fare, cafés, Pacific Spirit Park, transit, & top-ranked Norma Rose Point Elementary & University Hill Sec. Across from the new YMCA. A must see!
property details
- type
- Condo, Single Family
- bedrooms
- 2
- bathrooms
- 2
- living area
- 950 sq ft
- parking
- 1
- year built
- 2021
- property tax
- $4,026 / yr
- strata fee
- $508 / mo ($0.54 / sq ft)
- strata rules
- Pets Allowed With Restrictions, Rentals Allowed With Restrictions
- days on market
- 1
- MLS®
- R3178266
features
- Central location
- Private setting
- Elevator
- Pets Allowed With Restrictions
- Rentals Allowed With Restrictions
- All
floor plans
found among the listing photos.
monthly cost
$5,976/mo
Mortgage $5,132 · Tax $335 · Strata $508
20% down at 4.34% fixed (Ratehub.ca), 25 years; tax from the listing; strata fee from the listing.
if you rented it out
- rent
- $2,670/mo
- after all costs
- −$3,555/mo
- cap rate
- 1.6%
- yearly net rent ÷ price
Costs: mortgage $5,132 · tax $335 · strata $508 · insurance ~$35 · vacancy 3% · upkeep 5%.
Rent is today's market rent for a 2-bedroom in Metro Vancouver: CMHC's average there ($2,364) raised by what new tenants pay against everyone in the Vancouver area, then down 0.8% with Vancouver's asking rents, 2025 Q4 → 2026 Q2. (CMHC Rental Market Survey, October 2025; CMHC Rental Market Report 2025, table 6.0 (rents on units that turned over to a new tenant); trend: Statistics Canada.) Houses usually rent for more than apartments. 25-year mortgage; rental purchases need at least 20% down.
BC rules for landlords
- Short-term rentals are limited to the host's principal residence in most communities. gov.bc.ca
- Rent increases are capped once a year at the province's set amount. gov.bc.ca
- The speculation and vacancy tax applies in many areas to homes not lived in or rented out. gov.bc.ca
- Vancouver also charges an empty homes tax. vancouver.ca
- Selling within two years of buying can trigger the BC home flipping tax. gov.bc.ca
location
VancouverGoogle Maps ↗
schools
Catchment schools, Vancouver School Board
- Elementary University Hill Elementaryhomes in this catchment
1.1 km away · 5395 Chancellor Blvd, Vancouver · 604-713-5350
- Secondary University Hill Secondaryhomes in this catchment
1.3 km away · 3228 Ross Dr, Vancouver · 604-713-8258
From the Vancouver School Board's published catchment maps. A catchment gives priority, not a guaranteed seat, and French immersion and choice programs work differently. The district confirms catchment: check with its school locator.
Keep private notes and ratings on homes you're considering. (email only) and they follow you to every device.
