Townhouse
$999,000
2818 WATSON STREET
Vancouverlisted today
MLS® R3174215
1 / 30
1 bed · 1 bath · 750 sq ft · 1 parking
Condo · Single Family · built 1992 · 18 days on market
Listed by Leo Chan, RE/MAX City Realty
Realtor's description
Experience the best of Yaletown in Pacific Point II. Transformed by Bosa in 2013, this concrete tower offers total peace of mind with a building-wide exterior siding and window replacement completed in 2022. This beautifully refreshed 1-bed + sunroom residence features spectacular, unobstructed south-facing views of False Creek & David Lam Park. Freshly painted throughout, the home boasts a Yaletown redbrick feature wall, drop ceiling pot lights, closet organizers, brand-new bedroom carpet and new washer/dryer. The bright sunroom makes an ideal home office. Enjoy resort amenities: indoor pool, hot tub, sauna, gym & lounge. 1 parking & 1 storage included. Steps to the seawall, parks, dining, and transit. Perfect for investors or end-users!
Property details
- Type
- Condo, Single Family
- Bedrooms
- 1
- Bathrooms
- 1
- Living area
- 750 sq ft
- Parking
- 1
- Year built
- 1992
- Property tax
- $2,631 / yr
- Strata fee
- $468 / mo ($0.62 / sq ft)
- Days on market
- 18
- MLS®
- R3167659
Features
- Central location
- Elevator
- Gated community
- All
Monthly cost
$4,251/mo
Mortgage $3,564 · Tax $219 · Strata $468
20% down at 4.34% fixed (Ratehub.ca), 25 years; tax from the listing; strata fee from the listing.
If you rented it out
- Rent
- $2,112/mo
- After all costs
- −$2,343/mo
- Cap rate
- 1.8%
- yearly net rent ÷ price
Costs: mortgage $3,564 · tax $219 · strata $468 · insurance ~$35 · vacancy 3% · upkeep 5%.
Rent starts at CMHC's average for a 1-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
VancouverGoogle Maps ↗
Schools
Catchment schools, Vancouver School Board
- Elementary Elsie Roy Elementaryhomes in this catchment
300 m away · 150 Drake St, Vancouver · 604-713-5890
- Secondary King George Secondaryhomes in this catchment
1.9 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.
Keep private notes and ratings on homes you're considering. Sign in (email only) and they follow you to every device.
