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$579,900

151 2451 N GRANDVIEW HIGHWAY

Vancouver · MLS® R3158880

1 bed · 1 bath · 490 sq ft · 0 parking

Townhouse · Single Family · built 2026 · 42 days on market

Listed by Jackie Devonshire, Oakwyn Realty Ltd.

The Cut II by Fabric Living is East Van´s most anticipated collection of townhomes and garden flats, offering a rare blend of urban design and ground-oriented living just steps from Trout Lake. Homes feature private outdoor spaces, 9ft ceilings on the main floor, over height windows, integrated Italian appliances, AC, EV pkg and Japandi-inspired interiors that balance simplicity with warmth. Placed along the Central Valley Greenway, walking distance to Commercial Drive & 2 Skytrains, The Cut offers exceptional connectivity, modern convenience with a strong sense of community around a central community courtyard. Homes start from the high $500,000s with Phase 1 Move In Ready. Visit our Display homes in Phase 1. Home featured here is the A plan in Phase 2, completing Q4 2026. Photos are of display homes.

Type: Townhouse, Single Family
Bedrooms: 1
Bathrooms: 1
Living area: 490 sq ft
Parking: 0
Year built: 2026
Strata fee: $211 / mo ($0.43 / sq ft)
Strata rules: Pets Allowed With Restrictions, Rentals Allowed With Restrictions
Days on market: 42
MLS®: R3158880

Above typical for the area (+15%)

Price per sq ft: $1,183 vs $1,032 median for townhouses in Vancouver for sale (483)

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.

Elevator
Pets Allowed With Restrictions
Rentals Allowed With Restrictions

On market 42 days

Listed now: 44 days; median for 483 townhouses for sale; this one 42 days

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

FloodplainNo
Not within a designated floodplain on the provincial floodplain maps. These maps are historical and don't cover every river or the coast.
Source: Province of BC, Mapped Floodplains in BC
Agricultural Land ReserveNo
Not inside the Agricultural Land Reserve on the provincial map.
Source: Agricultural Land Commission, ALR boundary
HeritageNo
Not on the BC Register of Historic Places or in a heritage conservation area.
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 Maps can be out of date or miss a lot line; confirm with the municipality.

Catchment schools, Vancouver School Board

Elementary Secord Elementaryhomes in this catchment
500 m away · 2500 Lakewood Dr, Vancouver · 604-713-4996
Secondary Vancouver Technical Secondaryhomes in this catchment
400 m 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.

$2,737/mo

Mortgage $2,527 · Strata $211

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

estimated payment

$2,527/ monthly

loan $463,920

25-year amortization

down payment20% · $115,98020%+ down: no mortgage insuranceinterest rate4.34%Rates from Ratehub.ca (best 5-year fixed and variable), checked Oct 7, 2026. Semi-annual compounding; your lender's rate may differ.amortizationpayment frequency

total interest: $294,051
property transfer tax: $9,598; BC general rate
cash to close: $125,578; down + PTT
total paid: $757,971

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.

Rent: $1,704/mo
After all costs: −$1,345/mo
Cap rate: 2.4%; yearly net rent ÷ price

Rent / moDown payment %Rate %

Costs: mortgage $2,527 · strata $211 · insurance ~$175 · 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

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