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1601 5989 Walter Gage Road
homes for sale · Vancouver
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$5,280,000

1601 5989 Walter Gage Road

Vancouver · MLS® R3177568

342

2,858 sq ft · Condo · Single Family · built 2007 · 4 days on market

listed by Woody Chau, Royal Pacific Realty Corp.

realtor's description

An Exceptional UBC Sub-Penthouse - Panoramic Views, Extraordinary Space. This impeccably maintained sub-penthouse offers over 2,850 sq. ft. with panoramic 270-degree west, north and east views spanning ocean, mountains and downtown, from Vancouver Island to Mount Baker. Floor-to-ceiling windows, high ceilings and three covered balconies enhance the light-filled interiors. The spacious layout includes 3 bedrooms, a den, and four bathrooms. Refined finishes include renovated bathrooms with Kohler fixtures, Lutron motorized blackout shades, silk curtains, dual-zone A/C, Miele and Sub-Zero kitchen appliances, Miele laundry, limestone and hardwood floors, and fireplaces. Two secure parking spaces in a gated garage and ample storage complete this rare UBC offering.

property details

similar homes nearby

type
Condo, Single Family
bedrooms
3
bathrooms
4
living area
2,858 sq ft
parking
2
year built
2007
property tax
$11,828 / yr
strata fee
$1,448 / mo ($0.51 / sq ft)
strata rules
Pets Allowed
days on market
4
MLS®
R3177568

features

  • Central location
  • Private setting
  • Elevator
  • Pets Allowed
  • All
  • Intercom

monthly cost

$25,439/mo
Mortgage $23,004 · Tax $986 · Strata $1,448

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

estimated payment
$23,004/ monthly
loan $4,224,000
25-year amortization
total interest
$2,677,336
property transfer tax
$182,000
BC general rate
cash to close
$1,238,000
down + PTT
total paid
$6,901,336
transfer tax

Estimates only. Rates change daily and lenders qualify at the stress-test rate. Talk to a mortgage broker before you offer. Transfer tax: 1% to $200k, 2% to $2M, 3% to $3M, 5% above. First-time buyers pay nothing on the first $500k for homes up to $835k (phasing out by $860k); newly built homes are exempt up to $1.1M (phasing out by $1.15M). Both need Canadian citizenship or permanent residence and other conditions; the 20% foreign buyer tax applies in Metro Vancouver, the Fraser Valley, the Capital Region, Central Okanagan and Nanaimo.

if you rented it out

rent
$3,330/mo
after all costs
−$22,410/mo
cap rate
0.1%
yearly net rent ÷ price

Costs: mortgage $23,004 · tax $986 · strata $1,448 · insurance ~$35 · vacancy 3% · upkeep 5%.

Rent is today's market rent for a 3+ bedroom in Metro Vancouver: CMHC's average there ($2,820) raised by what new tenants pay against everyone in the Vancouver area, then down 3.5% with Vancouver's asking rents, 2025 Q4 → 2026 Q2. (CMHC Rental Market Survey, October 2025; CMHC Rental Market Report 2025, table 6.0 (rents on units that turned over to a new tenant); trend: Statistics Canada.) 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

schools

Catchment schools, Vancouver School Board

  • Elementary University Hill Elementaryhomes in this catchment

    1000 m away · 5395 Chancellor Blvd, Vancouver · 604-713-5350

  • Secondary University Hill Secondaryhomes in this catchment

    2.0 km away · 3228 Ross Dr, Vancouver · 604-713-8258

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. (email only) and they follow you to every device.

listed by
Woody Chau
Royal Pacific Realty Corp.
call Woody · 778-682-8000
4methe deep dive
Powered by: REALTOR.ca

location

VancouverGoogle Maps ↗

property tax by year

yearassessedest. tax
2026$3,652,000$12,280
2025$3,692,000$11,502

Estimated tax up 6.8% from 2025 to 2026.

The listing shows $11,828 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.

price check

2026 assessment
$3,652,000 · asking is +45%
price per sq ft
$1,847 vs $1,013 median for condos in Vancouver for sale (2094)

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.

1420 W 54th Avenue, Vancouver
1420 W 54th Avenue, Vancouver, photo 2
1420 W 54th Avenue, Vancouver, photo 3
1420 W 54th Avenue, Vancouver, photo 4
1420 W 54th Avenue, Vancouver, photo 5
1420 W 54th Avenue, Vancouver, photo 6
1420 W 54th Avenue, Vancouver, photo 7
1420 W 54th Avenue, Vancouver, photo 8
House
$4,380,000
4methe deep dive
1420 W 54th Avenue
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listed by LeHomes Realty Premier
4634,223 sq ft
MLS® R3178080
1850 W 36th Avenue, Vancouver
1850 W 36th Avenue, Vancouver, photo 2
1850 W 36th Avenue, Vancouver, photo 3
1850 W 36th Avenue, Vancouver, photo 4
1850 W 36th Avenue, Vancouver, photo 5
1850 W 36th Avenue, Vancouver, photo 6
1850 W 36th Avenue, Vancouver, photo 7
1850 W 36th Avenue, Vancouver, photo 8
House
$4,890,000
4methe deep dive
1850 W 36th Avenue
Vancouver31 days on market
listed by Macdonald Realty
553
5088 Granville Street, Vancouver
5088 Granville Street, Vancouver, photo 2
5088 Granville Street, Vancouver, photo 3
5088 Granville Street, Vancouver, photo 4
5088 Granville Street, Vancouver, photo 5
5088 Granville Street, Vancouver, photo 6
5088 Granville Street, Vancouver, photo 7
5088 Granville Street, Vancouver, photo 8
House
$3,988,000
25% less per sq ft
4methe deep dive
5088 Granville Street
Vancouver10 days on market
listed by Laboutique Realty
79
1433 W 48th Avenue, Vancouver
1433 W 48th Avenue, Vancouver, photo 2
1433 W 48th Avenue, Vancouver, photo 3
1433 W 48th Avenue, Vancouver, photo 4
1433 W 48th Avenue, Vancouver, photo 5
1433 W 48th Avenue, Vancouver, photo 6
1433 W 48th Avenue, Vancouver, photo 7
1433 W 48th Avenue, Vancouver, photo 8
House
$5,498,000
4methe deep dive
1433 W 48th Avenue
Vancouver33 days on market
listed by Dracco Pacific Realty
673
508 2102 W 48th Avenue, Vancouver
508 2102 W 48th Avenue, Vancouver, photo 2
508 2102 W 48th Avenue, Vancouver, photo 3
508 2102 W 48th Avenue, Vancouver, photo 4
508 2102 W 48th Avenue, Vancouver, photo 5
508 2102 W 48th Avenue, Vancouver, photo 6
508 2102 W 48th Avenue, Vancouver, photo 7
508 2102 W 48th Avenue, Vancouver, photo 8
Condo
$6,686,000
4methe deep dive
508 2102 W 48th Avenue
Vancouver138 days on market
listed by Macdonald Realty
34
1120 W 58th Avenue, Vancouver
1120 W 58th Avenue, Vancouver, photo 2
1120 W 58th Avenue, Vancouver, photo 3
1120 W 58th Avenue, Vancouver, photo 4
1120 W 58th Avenue, Vancouver, photo 5
1120 W 58th Avenue, Vancouver, photo 6
1120 W 58th Avenue, Vancouver, photo 7
1120 W 58th Avenue, Vancouver, photo 8
House
$3,880,000
24% less per sq ft
4methe deep dive
1120 W 58th Avenue
Vancouver173 days on market
listed by Macdonald Realty Westmar
66
3,815 sq ft
MLS® R3169366
6
5,302 sq ft
MLS® R3175765
5,064 sq ft
MLS® R3168175
4
3,460 sq ft
MLS® R3133859
5
5,085 sq ft
MLS® R3119515

property insights

On market 4 days · no price changes so far

On the market 4 days. No price changes recorded since Oct 22, 2026.

  1. Listed for sale
    Oct 21, 2026
    $5,280,000

Price changes tracked nightly by mihom since October 2026. Sales are registered sales from BC Assessment.

location

the building's lot: 2,642 m² (28,438 sq ft) · PID 027-299-945. from ParcelMap BC; property lines are approximate, a survey is the legal boundary.

VancouverGoogle Maps ↗
Drive times
  • Corpus Christi College1 min
  • UBC Hospital3 min
  • University Hill Elementary3 min
  • University Hill Secondary5 min
  • Downtown Vancouver19 min
  • YVR airport26 min
90

Walkability 90/100 · Very walkable: most errands on foot

Within a 10 minute walk: 3 grocery stores, 24 places to eat or drink, 13 cafes, 7 parks and playgrounds, 2 pharmacies, 18 transit stops.

mihom score from OpenStreetMap places, by straight line distance.

the market here

listed now
46 days
median for 2094 condos for sale; this one 4 days

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