Townhouse
$999,000
2818 WATSON STREET
Vancouverlisted today
MLS® R3174215
1 / 19
2 bed · 2 bath · 901 sq ft · 1 parking
Condo · Single Family · built 2008 · 11 days on market
Listed by Matthew Chow, Macdonald Realty
Realtor's description
Rarely does a residence at Raffles feel this refined, where downtown energy meets a calm, bright retreat. This 901 sq.ft. 2BR + 2bath + office corner unit was meticulously renovated in 2023, with luxury vinyl plank floors, quartz waterfall kitchen counters, revamped lighting & smooth, popcorn-free ceilings, creating an airy, seamless flow. The primary suite is tailored for comfort with electric blinds & custom closets in each bedroom, plus an office featuring a built-in desk for work that feels effortless. Barn door & updated hardware throughout add crafted character, while views of the city, mountains & water complete the home. An unmatched location, steps to dining, shopping, seawall paths, parks & transit in the heart of downtown. Crosstown Elementary & King George Secondary catchments.
Property details
- Type
- Condo, Single Family
- Bedrooms
- 2
- Bathrooms
- 2
- Living area
- 901 sq ft
- Parking
- 1
- Year built
- 2008
- Property tax
- $2,900 / yr
- Strata fee
- $676 / mo ($0.75 / sq ft)
- Strata rules
- Pets Allowed With Restrictions, Rentals Allowed With Restrictions
- Days on market
- 11
- MLS®
- R3170208
Features
- Central location
- Elevator
- Pets Allowed With Restrictions
- Rentals Allowed With Restrictions
Floor plans
Found among the listing photos.
Monthly cost
$5,057/mo
Mortgage $4,139 · Tax $242 · Strata $676
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
- $3,258/mo
- After all costs
- −$2,094/mo
- Cap rate
- 2.6%
- yearly net rent ÷ price
Costs: mortgage $4,139 · tax $242 · strata $676 · insurance ~$35 · vacancy 3% · upkeep 5%.
Rent starts at CMHC's average for a 2-bedroom in Downtown, 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 šxʷwəq̓ʷəθət Crosstown Elementaryhomes in this catchment
- Secondary King George Secondaryhomes in this catchment
2.0 km 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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