208 5520 JOYCE STREET

Vancouver · MLS® R2887577

1 bed · 1 bath · 448 sq ft

Condo · Single Family · built 1989 · 863 days on market

Listed by Desi Louvris, Sutton Group-West Coast Realty

Realtor's description

ttention All Investors and First-Time Buyers! Discover the perfect opportunity at Joyce Street and Kingsway! This beautifully renovated one-bedroom, one-bathroom unit, complete with its balcony, is situated in a prime location, offering unbeatable convenience. Enjoy being close to shops, banks, a community centre, and most importantly, easy access to transit. This unit is not only ideal for comfortable living but also represents a significant investment. With high rental potential and an attractive price in such a sought-after area, it's a rare find. Remember, it's all about location, location, location! Don't miss out on this exceptional opportunity. Act fast and secure your future today! Pet friendly.

Property details

Type: Condo, Single Family
Bedrooms: 1
Bathrooms: 1
Living area: 448 sq ft
Parking: 0
Year built: 1989
Property tax: $803 / yr
Strata fee: $280 / mo ($0.63 / sq ft)
Strata rules: Pets Allowed With Restrictions
Days on market: 863
MLS®: R2887577

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

Features

Central location
Pets Allowed With Restrictions
Refrigerator

Price check

Above typical for the area (+9.5%)

Price per sq ft: $1,116 vs $1,019 median for condos in Vancouver for sale (2066)

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 863 days · no price changes so far

The market here

Listed now: 41 days; median for 2066 condos for sale; this one 863 days

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

Monthly cost

$2,525/mo

Mortgage $2,178 · Tax $67 · Strata $280

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

estimated payment

$2,178/ monthly

loan $400,000

25-year amortization

down payment20% · $100,00020%+ 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: $253,536
property transfer tax: $8,000; BC general rate
cash to close: $108,000; down + PTT
total paid: $653,536

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: $1,807/mo
After all costs: −$898/mo
Cap rate: 3.1%; yearly net rent ÷ price

Rent / moDown payment %Rate %

Costs: mortgage $2,178 · tax $67 · strata $280 · insurance ~$35 · vacancy 3% · upkeep 5%.

Rent starts at CMHC's average for a 1-bedroom in 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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