1 / 24

$620,000

120 2556 E HASTINGS STREET

Vancouver · MLS® R3165006

All units at 2556 E Hastings St →

1 bed · 1 bath · 803 sq ft

Condo · Single Family · built 1995 · 25 days on market

Listed by Bre Williamson, Oakwyn Realty Ltd.

Realtor's description

This rare 1 bedroom, 1 bathroom (+ bonus 171 square foot loft that can be used as an additional bedroom or flex space) is located in L'Atelier in the heart of East Village Hastings Sunrise. This 1995 heritage building conversion boasts loft style living with high ceilings and beautiful hardwood flooring. This is a beautiful and unique "must-see in person" kind of home, full of heart. This South facing unit brings lots of natural light, an enclosed bedroom, large open foyer area with plenty of room for storage, and all your live/work needs, + a bonus loft for an extra bed, flex space, or storage. Enjoy a shared rooftop patio. Steps to shopping, grocery, restaurants, and the brand new PNE Amphitheatre.

Property details

Type: Condo, Single Family
Bedrooms: 1
Bathrooms: 1
Living area: 803 sq ft
Parking: 0
Year built: 1995
Property tax: $1,595 / yr
Strata fee: $325 / mo ($0.40 / sq ft)
Strata rules: Pets Allowed With Restrictions, Rentals Allowed With Restrictions
Days on market: 25
MLS®: R3165006

Buying in a building from 1982 to 2000: what to read first

Features

Central location
Elevator
Pets Allowed With Restrictions
Rentals Allowed With Restrictions

Price check

Below typical for the area (-24%)

2026 assessment: $474,200 · asking is +31%
Price per sq ft: $772 vs $1,020 median for condos in Vancouver for sale (2043)

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 25 days · no price changes so far

The market here

Listed now: 37 days; median for 2245 condos for sale; this one 25 days

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

Property tax by year

Year	Assessed	Est. tax
2026	$474,200	$1,595
2025	$485,600	$1,513

Estimated tax up 5.4% from 2025 to 2026.

The listing shows $1,595 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

$3,159/mo

Mortgage $2,701 · Tax $133 · Strata $325

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

estimated payment

$2,701/ monthly

loan $496,000

25-year amortization

down payment20% · $124,00020%+ 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: $314,384
property transfer tax: $10,400; BC general rate
cash to close: $134,400; down + PTT
total paid: $810,384

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: $1,692/mo
After all costs: −$1,638/mo
Cap rate: 2.1%; yearly net rent ÷ price

Rent / moDown payment %Rate %

Costs: mortgage $2,701 · tax $133 · strata $325 · insurance ~$35 · vacancy 3% · upkeep 5%.

Rent starts at CMHC's average for a 1-bedroom in East Hastings, 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: 2,513 m² (27,050 sq ft) · PID 019-194-722. From ParcelMap BC; property lines are approximate, a survey is the legal boundary.

VancouverGoogle Maps ↗

Location

VancouverGoogle Maps ↗

Schools

Catchment schools, Vancouver School Board

Elementary Lord Elementaryhomes in this catchment
1.0 km away · 555 Lillooet St, Vancouver · 604-713-4620
Secondary Templeton Secondaryhomes in this catchment
600 m away · 727 Templeton Dr, Vancouver · 604-713-8984

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.

Keep private notes and ratings on homes you're considering. Sign in (email only) and they follow you to every device.