1 / 39

$635,000

2007 89 NELSON STREET

Vancouver · MLS® R3160454

All units at 89 Nelson St →

1 bed · 1 bath · 482 sq ft · 1 parking

Condo · Single Family · built 2019 · 38 days on market

Listed by Jessica Chan, Macdonald Realty Westmar

Realtor's description

Welcome to The ARC by Concord Pacific, the Prestigious Iconic Towers in Yaletown Vancouver. This bright East facing one bedroom unit features integrated S/S Miele appliances, marble tiles in bathroom, gas cooking top, A/C and False creek water & city view. You can also enjoy The Sky Club, which is an Exquisite Resort style amenities with glass bottom pool, sauna, steam room, grand lounge, fitness center, touchless car wash & 24hrs concierge service. Part of the vibrant Yaletown & the Best Master-planned community with just steps to seawall at Coopers' Park, Marina, restaurants, groceries & transit. 1 parking stall & 1 bike locker included. Tenanted property, can only show on Thursday 4-6pm, need minimum 24 hrs notice for all showing request.

Property details

Type: Condo, Single Family
Bedrooms: 1
Bathrooms: 1
Living area: 482 sq ft
Parking: 1
Year built: 2019
Property tax: $2,025 / yr
Strata fee: $362 / mo ($0.75 / sq ft)
Strata rules: Pets Allowed With Restrictions
Days on market: 38
MLS®: R3160454

Features

Central location
Elevator
Pets Allowed With Restrictions
All
Oven - Built-In

Floor plans

Found among the listing photos.

Price check

Above typical for the area (+29%)

2026 assessment: $602,000 · asking is +5.5%
Price per sq ft: $1,317 vs $1,021 median for condos in Vancouver for sale (2041)

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 38 days · no price changes so far

The market here

Listed now: 38 days; median for 2212 condos for sale; this one 38 days

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

Property tax by year

Year	Assessed	Est. tax
2026	$602,000	$2,024

The listing shows $2,025 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

$3,297/mo

Mortgage $2,767 · Tax $169 · Strata $362

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

estimated payment

$2,767/ monthly

loan $508,000

25-year amortization

down payment20% · $127,00020%+ 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: $321,990
property transfer tax: $10,700; BC general rate
cash to close: $137,700; down + PTT
total paid: $829,990

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: $2,112/mo
After all costs: −$1,389/mo
Cap rate: 2.6%; yearly net rent ÷ price

Rent / moDown payment %Rate %

Costs: mortgage $2,767 · tax $169 · strata $362 · 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

The building's lot: 5,067 m² (54,541 sq ft). 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
2.3 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.