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$398,000

1606 161 W GEORGIA STREET

Vancouver · MLS® R3167304

1 bath · 447 sq ft · 0 parking

Condo · Single Family · built 2012 · 19 days on market

Listed by Landon Lee, One Percent Realty Ltd.

*BONUS: Unit comes with 10 bike lockers (equivalent to 4 standard lockers) * - Experience downtown living at Cosmo with this smartly laid-out studio featuring a separate den/storage space. Floor-to-ceiling windows create an open, airy feel and make the most of the natural light. The additional den provides valuable flexibility for working from home or keeping your living space organized. Located just off West Georgia, you're within easy walking distance of everyday conveniences, dining, entertainment, shopping and transit. A great opportunity to own a practical home or investment property in the centre of Vancouver. OPEN HOUSE SAT OCT 3 (11AM-1PM)

Type: Condo, Single Family
Bathrooms: 1
Living area: 447 sq ft
Parking: 0
Year built: 2012
Property tax: $1,561 / yr
Strata fee: $411 / mo ($0.92 / sq ft)
Strata rules: Pets Allowed With Restrictions, Rentals Allowed With Restrictions
Days on market: 19
MLS®: R3167304

Below typical for the area (-13%)

2026 assessment: $464,000 · asking is -14%
Price per sq ft: $890 vs $1,019 median for condos in Vancouver for sale (2065)

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.

Central location
Pets Allowed With Restrictions
Rentals Allowed With Restrictions
All

On market 19 days

Listed now: 41 days; median for 2065 condos for sale; this one 19 days

Condos 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 Maps can be out of date or miss a lot line; confirm with the municipality.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 šxʷwəq̓ʷəθət Crosstown Elementaryhomes in this catchment
Secondary King George Secondaryhomes in this catchment
2.2 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.

$2,275/mo

Mortgage $1,734 · Tax $130 · Strata $411

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

estimated payment

$1,734/ monthly

loan $318,400

25-year amortization

down payment20% · $79,60020%+ 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: $201,814
property transfer tax: $5,960; BC general rate
cash to close: $85,560; down + PTT
total paid: $520,214

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: $1,839/mo
After all costs: −$618/mo
Cap rate: 3.4%; yearly net rent ÷ price

Rent / moDown payment %Rate %

Costs: mortgage $1,734 · tax $130 · strata $411 · insurance ~$35 · vacancy 3% · upkeep 5%.

Rent starts at CMHC's average for a studio 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

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