Condo
$520,000
408 989 Richards Street
Vancouver16 days on market
listed by RE/MAX Crest Realty
MLS® R3174031
1107 1277 Nelson Street
111
577 sq ft · Condo · Single Family · built 1994 · 4 days on market
listed by Dwayne Launt, Oakwyn Realty Ltd.
realtor's description
The building you love in the heart of the West End. Nicknamed The Jetson Building for its iconic shape, this well-laid-out 1-bedroom unit has been freshened up with new engineered hardwood floors, blinds and a coat of paint. It offers ample in-suite storage, an open kitchen and a west-facing patio. The building is concrete, quiet and well-maintained. Bright and airy with ocean and city views, it is perfect for first-time buyers, young professionals, or investors alike. Includes one secure parking stall and a storage locker. Photos have been digitally staged. OPEN HOUSE: Saturday, October 24th, 1:30- 3 PM
property details
- type
- Condo, Single Family
- bedrooms
- 1
- bathrooms
- 1
- living area
- 577 sq ft
- parking
- 1
- year built
- 1994
- property tax
- $1,948 / yr
- strata fee
- $354 / mo ($0.61 / sq ft)
- strata rules
- Pets not Allowed
- days on market
- 4
- MLS®
- R3177358
features
- Central location
- Elevator
- Pets not Allowed
- All
floor plans
found among the listing photos.
monthly cost
$3,043/mo
Mortgage $2,527 · Tax $162 · Strata $354
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
- $2,170/mo
- after all costs
- −$1,082/mo
- cap rate
- 3.0%
- yearly net rent ÷ price
Costs: mortgage $2,527 · tax $162 · strata $354 · insurance ~$35 · vacancy 3% · upkeep 5%.
Rent is today's market rent for a 1-bedroom in West End, Vancouver: CMHC's average there ($1,890) raised by what new tenants pay against everyone in the Vancouver area, then down 1.5% 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 ↗
Rapid transit: Burrard SkyTrain station, 800 m (about 13 min walk); Vancouver City Centre SkyTrain station, 900 m (about 15 min walk).
schools
Catchment schools, Vancouver School Board
- Elementary Roberts Elementaryhomes in this catchment
600 m away · 1100 Bidwell St, Vancouver · 604-713-5055
- Secondary King George Secondaryhomes in this catchment
700 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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