Condo
$369,900
19% under assessed205 5488 CECIL STREET
Vancouver105 days on market
MLS® R3140332
1 / 39
1 bed · 1 bath · 504 sq ft
Condo · Single Family · built 1956 · 43 days on market
Listed by James Hannigan, RE/MAX Crest Realty
Realtor's description
In 1956, Canada opened its first public aquarium in Vancouver. The Eames Lounge Chair made its debut. And Parkwood Manor opened its doors. Its laundry room would eventually require its own marketing campaign. Two blocks from English Bay, this vacant, south-facing 504 sq. ft. studio is one of the least expensive homes currently available in Vancouver-and a genuine point of entry for a first-time buyer. Its well-defined plan includes a separate kitchen, sleeping alcove, generous walk-in closet and banks of operable windows. No parking is included. The wood-panelled lobby retains its mid-century character, while the shared laundry room offers custom millwork, a folding station and wooden-tag reservation system. The suite is modest. The laundry facilities are magnificent.
Property details
- Type
- Condo, Single Family
- Bedrooms
- 1
- Bathrooms
- 1
- Living area
- 504 sq ft
- Parking
- 0
- Year built
- 1956
- Strata fee
- $392 / mo ($0.78 / sq ft)
- Strata rules
- Adult Oriented
- Days on market
- 43
- MLS®
- R3159517
Features
- Central location
- Adult Oriented
- Refrigerator
- Stove
Monthly cost
$1,917/mo
Mortgage $1,525 · Strata $392
20% down at 4.34% fixed (Ratehub.ca), 25 years; strata fee from the listing.
If you rented it out
- Rent
- $1,890/mo
- After all costs
- −$213/mo
- Cap rate
- 4.5%
- yearly net rent ÷ price
Costs: mortgage $1,525 · strata $392 · insurance ~$35 · vacancy 3% · upkeep 5%.
Rent starts at CMHC's average for a 1-bedroom 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
VancouverGoogle Maps ↗
Schools
Catchment schools, Vancouver School Board
- Elementary Roberts Elementaryhomes in this catchment
500 m away · 1100 Bidwell St, Vancouver · 604-713-5055
- Secondary King George Secondaryhomes in this catchment
500 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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