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$639,000

2110 89 NELSON STREET

Vancouver · MLS® R3145484

All units at 89 Nelson St →

1 bed · 1 bath · 500 sq ft · 1 parking

Condo · Single Family · built 2019 · 88 days on market

Listed by Michelle Miao, Macdonald Realty Westmar

Realtor's description

The Arc by Concord, the pinnacle of luxury downtown living. This 1-bedroom + Den features a sophisticated interior with central air conditioning, hardwood flooring, and a versatile den perfect for a home office. The chef´s kitchen is a showstopper, boasting premium stainless-steel Miele appliances, marble backsplashes, and cabinetry with elegant backlighting. Elevate your lifestyle at the world-class 20th-floor "Sky Club", featuring a breathtaking glass-bottom pool, a state-of-the-art fitness centre, steam/sauna rooms, and an exclusive lounge equipped with a grand piano, cappuccino bar, and manicured garden terrace. Enjoy a 24-hour concierge. Perfectly positioned in a thriving community, close to False Creek seawall, Yaletown´s premier dining + Skytrain. Photos Ai Modified.

Property details

Type: Condo, Single Family
Bedrooms: 1
Bathrooms: 1
Living area: 500 sq ft
Parking: 1
Year built: 2019
Property tax: $2,136 / yr
Strata fee: $362 / mo ($0.72 / sq ft)
Days on market: 88
MLS®: R3145484

Features

Central location
Elevator
All

Price check

Above typical for the area (+25%)

2026 assessment: $604,000 · asking is +5.8%
Price per sq ft: $1,278 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 88 days · no price changes so far

The market here

Listed now: 38 days; median for 2212 condos for sale; this one 88 days

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

Property tax by year

Year	Assessed	Est. tax
2026	$604,000	$2,031

The listing shows $2,136 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

$3,324/mo

Mortgage $2,784 · Tax $178 · Strata $362

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

estimated payment

$2,784/ monthly

loan $511,200

25-year amortization

down payment20% · $127,80020%+ 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: $324,019
property transfer tax: $10,780; BC general rate
cash to close: $138,580; down + PTT
total paid: $835,219

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: −$1,416/mo
Cap rate: 2.6%; yearly net rent ÷ price

Rent / moDown payment %Rate %

Costs: mortgage $2,784 · tax $178 · 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.

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Location

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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.

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