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$799,000

1408 888 HOMER STREET

Vancouver · MLS® R3169242

All units at 888 Homer St →

2 bed · 2 bath · 785 sq ft · 1 parking

Condo · Single Family · built 2011 · 14 days on market

Listed by Bruce Li, RE/MAX Westcoast

Realtor's description

Bright and spacious SE corner unit with breathtaking views from every room! This well-designed home features an open-concept layout with separated bedrooms and bathrooms for added privacy, plus a versatile den with floor-to-ceiling windows-ideal as a home office. Enjoy hardwood floors, high ceilings, fresh paint, ceiling fans, quality cabinetry, and a modern kitchen with stone countertops and premium stainless steel appliances. Spa-inspired bathrooms feature stone countertops, under-mount sinks, medicine cabinets, and full-height ceramic tile surrounds. The spacious primary bedroom offers a walk-in closet and ensuite. Building amenities include a 24-hour concierge, fitness centre, party lounge, and landscaped garden. Includes 1 parking and 1 storage locker.

Property details

Type: Condo, Single Family
Bedrooms: 2
Bathrooms: 2
Living area: 785 sq ft
Parking: 1
Year built: 2011
Property tax: $2,701 / yr
Strata fee: $563 / mo ($0.72 / sq ft)
Strata rules: Pets Allowed With Restrictions, Rentals Allowed With Restrictions
Days on market: 14
MLS®: R3169242

Features

Central location
Elevator
Pets Allowed With Restrictions
Rentals Allowed With Restrictions
All

Price check

Typical for the area (-0.3%)

2026 assessment: $803,000 · asking is -0.5%
Price per sq ft: $1,018 vs $1,021 median for condos in Vancouver for sale (2032)

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 14 days · no price changes so far

The market here

Listed now: 38 days; median for 2204 condos for sale; this one 14 days

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

Property tax by year

Year	Assessed	Est. tax
2026	$803,000	$2,700
2025	$863,000	$2,689

Estimated tax up 0.4% from 2025 to 2026.

The listing shows $2,701 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

$4,269/mo

Mortgage $3,481 · Tax $225 · Strata $563

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: −$1,306/mo
Cap rate: 3.3%; yearly net rent ÷ price

Rent / moDown payment %Rate %

Costs: mortgage $3,481 · tax $225 · strata $563 · 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: 1,951 m² (21,000 sq ft) · PID 027-554-015. 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
1.8 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.

Good to know

Heritage
This address is on the Community Heritage Register (Vancouver) as "The Homer". Exterior changes can need a heritage permit, and some heritage homes qualify for grants or incentives; the municipality can confirm.
Source: BC Heritage Branch, historic places and conservation areas

From public government maps, matched to the listing's map pin. Maps can be out of date or miss a lot line; confirm with the municipality.

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