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$799,000

1406 938 SMITHE STREET

Vancouver · MLS® R3164704

2 bed · 2 bath · 761 sq ft · 1 parking

Condo · Single Family · built 2005 · 27 days on market

Listed by Andrew Chan, Realtyline

Realtor's description

ELECTRIC AVENUE by BOSA. This highly sought after complex is conveniently located in the heart of Downtown Vancouver on Smithe and Burrard. Corner unit. 2 Bedroom + Flex room. 2 Full Bath with 1 ensuite. Feature open layout, wood floors throughout, and granite countertops. 2 bedrooms on opposite sides for privacy, and primary bedroom at corner for added privacy. Large walk through closet in primary bedroom with ensuite bath. Beautiful cityview, the new Butterfly bldg & peek-a-boo North Shore mountain views from living room and private balcony. Pets welcome. 1 huge parking stall. Walk score 99. Few minutes' walk to skytrain station.

Property details

Type: Condo, Single Family
Bedrooms: 2
Bathrooms: 2
Living area: 761 sq ft
Parking: 1
Year built: 2005
Property tax: $2,537 / yr
Strata fee: $543 / mo ($0.71 / sq ft)
Strata rules: Pets Allowed With Restrictions
Days on market: 27
MLS®: R3164704

Features

Pets Allowed With Restrictions

Floor plans

Found among the listing photos.

Price check

Typical for the area (+2.7%)

2026 assessment: $754,000 · asking is +6.0%
Price per sq ft: $1,050 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 27 days · no price changes so far

The market here

Listed now: 38 days; median for 2210 condos for sale; this one 27 days

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

Property tax by year

Year	Assessed	Est. tax
2026	$754,000	$2,535
2025	$805,000	$2,508

Estimated tax up 1.1% from 2025 to 2026.

The listing shows $2,537 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

$4,236/mo

Mortgage $3,481 · Tax $211 · Strata $543

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

estimated payment

$3,481/ monthly

loan $639,200

25-year amortization

down payment20% · $159,80020%+ 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: $405,150
property transfer tax: $13,980; BC general rate
cash to close: $173,780; down + PTT
total paid: $1,044,350

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: $3,258/mo
After all costs: −$1,273/mo
Cap rate: 3.3%; yearly net rent ÷ price

Rent / moDown payment %Rate %

Costs: mortgage $3,481 · tax $211 · strata $543 · 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

The building's lot: 5,415 m² (58,287 sq ft) · PID 026-366-029. 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 šxʷwəq̓ʷəθət Crosstown Elementaryhomes in this catchment
Secondary King George Secondaryhomes in this catchment
1.2 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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