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$499,000

103 1855 NELSON STREET

Vancouver · MLS® R3153171

1 bath · 588 sq ft · 1 parking

Condo · Single Family · built 1976 · 64 days on market

Listed by Wayne Bernard, Oakwyn Realty Ltd.

Realtor's description

Welcome to this West of Denman gem! Perfectly positioned just steps from Stanley Park, English Bay, and the vibrant shops and cafés of Denman Street, this beautifully renovated junior one-bedroom offers the ultimate West End lifestyle. Inside, you'll find a bright, open layout with stylish modern updates, a sleek kitchen, in-suite Miele laundry, and a striking stone feature wall. The rare 189-square-foot south-facing patio creates an incredible outdoor living space that's perfect for entertaining or simply relaxing in the sun. Located in a well-maintained, proactive building, this move-in-ready home is an exceptional opportunity to own in one of Vancouver's most sought-after neighbourhoods. Comes Furnished

Property details

Type: Condo, Single Family
Bathrooms: 1
Living area: 588 sq ft
Parking: 1
Year built: 1976
Property tax: $1,670 / yr
Strata fee: $445 / mo ($0.76 / sq ft)
Strata rules: Pets Allowed With Restrictions, Rentals Allowed With Restrictions
Days on market: 64
MLS®: R3153171

Features

Elevator
Pets Allowed With Restrictions
Rentals Allowed With Restrictions

Price check

Below typical for the area (-17%)

2026 assessment: $496,500 · asking is +0.5%
Price per sq ft: $849 vs $1,021 median for condos in Vancouver for sale (2033)

An estimate from public BC Assessment records, registered sales and the listings for sale right now, not an appraisal. Condition, renovations, views and lot all move real value.

Property insights

On market 64 days · no price changes so far

The market here

Listed now: 38 days; median for 2207 condos for sale; this one 64 days

Condos in Vancouver. Sale prices register 1 to 3 months after a sale closes.

Property tax by year

Year	Assessed	Est. tax
2026	$496,500	$1,670

The listing shows $1,670 a year in property tax.

Estimate: the BC Assessment value times Vancouver's residential tax rate for that year (Province of BC, local government statistics). Leaves out the home owner grant, parcel taxes and utility charges; the city's tax notice is the real figure.

Monthly cost

$2,759/mo

Mortgage $2,174 · Tax $139 · Strata $445

20% down at 4.34% fixed (Ratehub.ca), 25 years; tax from the listing; strata fee from the listing.

estimated payment

$2,174/ monthly

loan $399,200

25-year amortization

down payment20% · $99,80020%+ down: no mortgage insuranceinterest rate4.34%Rates from Ratehub.ca (best 5-year fixed and variable), checked Oct 9, 2026. Semi-annual compounding; your lender's rate may differ.amortizationpayment frequency

total interest: $253,029
property transfer tax: $7,980; BC general rate
cash to close: $107,780; down + PTT
total paid: $652,229

Estimates only. Rates change daily and lenders qualify at the stress-test rate; first-time-buyer and newly-built PTT exemptions aren't applied. Talk to a mortgage broker before you offer.

If you rented it out

Rent: $1,715/mo
After all costs: −$1,216/mo
Cap rate: 2.3%; yearly net rent ÷ price

Rent / moDown payment %Rate %

Costs: mortgage $2,174 · tax $139 · strata $445 · insurance ~$35 · vacancy 3% · upkeep 5%.

Rent starts at CMHC's average for a studio in West End, Vancouver (CMHC Rental Market Survey, October 2025). Averages include long-time tenants, so new leases usually ask more; 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

The building's lot: 1,605 m² (17,276 sq ft) · PID 003-942-490. From ParcelMap BC; property lines are approximate, a survey is the legal boundary.

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Location

VancouverGoogle Maps ↗

Schools

Catchment schools, Vancouver School Board

Elementary Roberts Elementaryhomes in this catchment
300 m away · 1100 Bidwell St, Vancouver · 604-713-5055
Secondary King George Secondaryhomes in this catchment
200 m away · 1755 Barclay St, Vancouver · 604-713-8999

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.

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