204 943 W 8th Avenue

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$609,000

204 943 W 8th Avenue

Vancouver · MLS® R3175189

111

665 sq ft · Condo · Single Family · built 1987 · 11 days on market

listed by Brent Lewis, RE/MAX Select Properties

realtor's description

Welcome to this updated townhouse-style unit in Fairview Slopes, your own private entrance with no hallways to navigate. Well designed and functional floor plan offered by this one bedroom in super desirable area. Updated and modernized with new appliances and fixtures. Fully rainscreened building, a short stroll from Granville Island, the Cambie Village and all the shops and restaurants on South Granville. Fabulous View of the City and North Shore Mountains adds that value and special touch to this apartment. Lovingly cared for and ready for its new owner. In suite laundry and one parking space under the building. Pets & Rentals allowed. Low maintenance fee! OPEN HOUSE OCT 24, 2-4pm

property details

type: Condo, Single Family
bedrooms: 1
bathrooms: 1
living area: 665 sq ft
parking: 1
year built: 1987
property tax: $2,150 / yr
strata fee: $322 / mo ($0.48 / sq ft)
strata rules: Pets Allowed
days on market: 11
MLS®: R3175189

buying in a building from 1982 to 2000: what to read first

features

Central location
Elevator
Pets Allowed
All

monthly cost

$3,154/mo

Mortgage $2,653 · Tax $179 · Strata $322

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

estimated payment

$2,653/ monthly

loan $487,200

25-year amortization

down payment20% · $121,80020%+ down: no mortgage insuranceinterest rate4.34%Rates from Ratehub.ca (best 5-year fixed and variable), checked Oct 25, 2026. Semi-annual compounding; your lender's rate may differ.amortizationpayment frequency

total interest: $308,806
property transfer tax: $10,180; BC general rate
cash to close: $131,980; down + PTT
total paid: $796,006

first-time buyernewly builtforeign national

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: $2,140/mo
after all costs: −$1,220/mo
cap rate: 2.8%; yearly net rent ÷ price

Rent / moDown payment %Rate %

Costs: mortgage $2,653 · tax $179 · strata $322 · insurance ~$35 · vacancy 3% · upkeep 5%.

Rent is today's market rent for a 1-bedroom in South Granville/Oak, Vancouver: CMHC's average there ($1,863) raised by what new tenants pay against everyone in the Vancouver area, then down 1.5% 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

location

VancouverGoogle Maps ↗

Rapid transit: Olympic Village SkyTrain station, 700 m (about 12 min walk); Broadway–City Hall SkyTrain station, 800 m (about 13 min walk).

schools

Catchment schools, Vancouver School Board

Elementary False Creek Elementaryhomes in this catchment
300 m away · 900 School Green, Vancouver · 604-713-4959
Secondary Kitsilano Secondaryhomes in this catchment
2.8 km away · 2706 Trafalgar St, Vancouver · 604-713-8961

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.

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