
2 bed · 2 bath · 1,420 sq ft · 2 parking
Condo · Single Family · built 1989 · 91 days on market
Listed by Mike G Chen, Royal Pacific Tri-Cities Realty
Realtor's description
Spectacular sub-penthouse waterfront home at The Discovery in Yaletown´s sought-after Beach District. Showcasing unobstructed panoramic views of the water, False Creek, Granville Island, and city skyline from every room. This air-conditioned residence offers an open-concept living and dining area with gas fireplace, a gourmet kitchen with stainless steel appliances and built-in seating, and a spacious primary suite with ample closet space and a spa-like ensuite featuring a deep soaker tub and walk-in shower.2-bedroom plus den completes with a full in-suite laundry room,2 private covered balconies, side-by-side parking, a locker. Resort-style amenities include a gym,sauna,social lounge,outdoor BBQ areas,gardens,and guest suites. Steps to the Seawall, False Creek Aqua bus, Fresh St. mkt & LD etc.
Property details
- Type
- Condo, Single Family
- Bedrooms
- 2
- Bathrooms
- 2
- Living area
- 1,420 sq ft
- Parking
- 2
- Year built
- 1989
- Property tax
- $4,712 / yr
- Strata fee
- $1,047 / mo ($0.74 / sq ft)
- Strata rules
- Pets not Allowed
- Days on market
- 91
- MLS®
- R3145155
Features
- Central location
- Elevator
- Gated community
- Pets not Allowed
- All
Monthly cost
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
- $3,258/mo
- After all costs
- −$6,057/mo
- Cap rate
- 1.1%
- yearly net rent ÷ price
Costs: mortgage $7,580 · tax $393 · strata $1,047 · insurance ~$35 · vacancy 3% · upkeep 5%.
Rent starts at CMHC's average for a 2-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
Schools
Catchment schools, Vancouver School Board
- Elementary Elsie Roy Elementaryhomes in this catchment
700 m away · 150 Drake St, Vancouver · 604-713-5890
- Secondary King George Secondaryhomes in this catchment
1.8 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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