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$579,000

111 853 E 7TH AVENUE

Vancouver · MLS® R3156273

1 bed · 1 bath · 624 sq ft · 1 parking

Condo · Single Family · built 1976 · 53 days on market

Listed by Doug Solbrekken, RE/MAX Select Properties

Realtor's description

The ONE in Mount Pleasant! This fabulous 1 bedroom, 1 bath apartment is available in Mount Pleasant's Vista Villa! This well-laid-out 624 square ft home has a convenient floor plan made for LIVING! Enjoy the open space with perfect flow onto your oversized 460 square ft private patio featuring built-in planters, a large pergola and a private entrance/exit...perfect for walking your pooch to the nearby Park! This home is well looked after & ready to MOVE IN! Steps to transit, shopping, parks & cafes! This home & outdoor space is important to SEE IN PERSON! 1 parking stall & 1 storage locker. Building updates include new Laundry in 2020, Boilers in 2015, Elevator 2010, Roof 2006, Pipes 2001. Pet friendly & rentals allowed w minor restrict. Showings by Appointment.

Property details

Type: Condo, Single Family
Bedrooms: 1
Bathrooms: 1
Living area: 624 sq ft
Parking: 1
Year built: 1976
Property tax: $1,867 / yr
Strata fee: $575 / mo ($0.92 / sq ft)
Strata rules: Pets Allowed With Restrictions, Rentals Allowed With Restrictions
Days on market: 53
MLS®: R3156273

Features

Central location
Elevator
Pets Allowed With Restrictions
Rentals Allowed With Restrictions
Refrigerator
Dishwasher

Floor plans

Found among the listing photos.

Price check

Below typical for the area (-9.2%)

2026 assessment: $555,000 · asking is +4.3%
Price per sq ft: $928 vs $1,022 median for condos in Vancouver for sale (2039)

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 53 days · no price changes so far

The market here

Listed now: 38 days; median for 2210 condos for sale; this one 53 days

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

Property tax by year

Year	Assessed	Est. tax
2026	$555,000	$1,866

The listing shows $1,867 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

$3,253/mo

Mortgage $2,523 · Tax $156 · Strata $575

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

estimated payment

$2,523/ monthly

loan $463,200

25-year amortization

down payment20% · $115,80020%+ 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: $293,594
property transfer tax: $9,580; BC general rate
cash to close: $125,380; down + PTT
total paid: $756,794

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: $1,704/mo
After all costs: −$1,721/mo
Cap rate: 1.7%; yearly net rent ÷ price

Rent / moDown payment %Rate %

Costs: mortgage $2,523 · tax $156 · strata $575 · insurance ~$35 · vacancy 3% · upkeep 5%.

Rent starts at CMHC's average for a 1-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: 1,497 m² (16,114 sq ft) · PID 003-902-471. 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 Mount Pleasant Elementaryhomes in this catchment
600 m away · 2300 Guelph St, Vancouver · 604-713-4617
Secondary Vancouver Technical Secondaryhomes in this catchment
2.6 km away · 2600 Broadway E, Vancouver · 604-713-8215

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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