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$1,067,000

108 489 W 26TH AVENUE

Vancouver · MLS® R3159027

2 bed · 2 bath · 852 sq ft · 1 parking

Condo · Single Family · built 2019 · 44 days on market

Listed by Marvin Devaras, Real Broker

Realtor's description

Positioned in the heart of Vancouver's coveted Cambie Corridor, Grayson delivers refined Westside living just steps to Queen Elizabeth Park, Oakridge Park, and the Canada Line. This rare 2-bedroom garden-level home offers true townhome-style living with direct street access and a private patio-ideal for pet owners and those who value convenience. Inside, you'll find 9' ceilings, air conditioning, premium Bosch appliances, and a spa-inspired primary ensuite designed for comfort. Solid CONCRETE construction, elevated finishings, parking/EV, and storage complete the package. Westside location. Quality build. No compromises.

Property details

Type: Condo, Single Family
Bedrooms: 2
Bathrooms: 2
Living area: 852 sq ft
Parking: 1
Year built: 2019
Property tax: $2,518 / yr
Strata fee: $549 / mo ($0.64 / sq ft)
Strata rules: Pets Allowed With Restrictions, Rentals Allowed With Restrictions
Days on market: 44
MLS®: R3159027

Features

Central location
Elevator
Pets Allowed With Restrictions
Rentals Allowed With Restrictions
All

Price check

Above typical for the area (+23%)

2026 assessment: $1,022,000 · asking is +4.4%
Price per sq ft: $1,252 vs $1,022 median for condos in Vancouver for sale (2039)
Last sold: $1,067,000 · Jun 15, 2023

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 44 days · no price changes so far

The market here

Listed now: 38 days; median for 2209 condos for sale; this one 44 days

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

Property tax by year

Year	Assessed	Est. tax
2026	$1,022,000	$3,437

The listing shows $2,518 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

$5,407/mo

Mortgage $4,649 · Tax $210 · Strata $549

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

estimated payment

$4,649/ monthly

loan $853,600

25-year amortization

down payment20% · $213,40020%+ 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: $541,045
property transfer tax: $19,340; BC general rate
cash to close: $232,740; down + PTT
total paid: $1,394,645

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: $2,512/mo
After all costs: −$3,131/mo
Cap rate: 1.7%; yearly net rent ÷ price

Rent / moDown payment %Rate %

Costs: mortgage $4,649 · tax $210 · strata $549 · insurance ~$35 · vacancy 3% · upkeep 5%.

Rent starts at CMHC's average for a 2-bedroom in Mount Pleasant/Renfrew Heights, 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: 2,061 m² (22,184 sq ft) · PID 030-625-238. 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 Wolfe Elementaryhomes in this catchment
600 m away · 4251 Ontario St, Vancouver · 604-713-4826
Secondary Eric Hamber Secondaryhomes in this catchment
1.2 km away · 960 W. 33rd Avenue, Vancouver · 604-713-8927

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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