2307 550 Taylor Street

Vancouver · MLS® R3177287

all units at 550 Taylor St →

877 sq ft · Condo · Single Family · built 2005 · 4 days on market

listed by Michael Stewart, Oakwyn Realty Ltd.

realtor's description

Welcome to 550 Taylor Street in vibrant Crosstown! This bright 23rd-floor home offers sweeping NE views from Mt. Baker, Burrard Inlet to the North Shore mountains, and you can see them from every room. The 869sf layout has no wasted space: 2 bedrooms at opposite ends for privacy, 2 bathrooms, and a solarium in between that works as a home office, dining room or occasional 3rd bedroom, plus in-suite storage. The open kitchen has generous counter space & a breakfast bar. Fresh paint and quality laminate floors make it move-in ready. Includes 1 parking in an EV-ready parkade and 1 storage locker. Building amenities include a gym and playground. Steps to the Seawall, T&T, parks, SkyTrain, cinemas, shopping and restaurants. Rentals and pets allowed, so it works as a home or an investment. Call for a private showing or to confirm the open houses.

property details

type: Condo, Single Family
bedrooms: 2
living area: 877 sq ft
parking: 1
year built: 2005
property tax: $2,735 / yr
strata fee: $712 / mo ($0.81 / sq ft)
strata rules: Rentals Allowed With Restrictions
days on market: 4
MLS®: R3177287

features

Rentals Allowed With Restrictions

the market here

listed now: 45 days; median for 2094 condos for sale; this one 4 days

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

property tax by year

year	assessed	est. tax
2026	$813,000	$2,734
2025	$858,000	$2,673

Estimated tax up 2.3% from 2025 to 2026.

The listing shows $2,735 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

$4,377/mo

Mortgage $3,438 · Tax $228 · Strata $712

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

estimated payment

$3,438/ monthly

loan $631,200

25-year amortization

down payment20% · $157,80020%+ 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: $400,079
property transfer tax: $13,780; BC general rate
cash to close: $171,580; down + PTT
total paid: $1,031,279

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: $3,680/mo
after all costs: −$1,027/mo
cap rate: 3.7%; yearly net rent ÷ price

Rent / moDown payment %Rate %

Costs: mortgage $3,438 · tax $228 · strata $712 · insurance ~$35 · vacancy 3% · upkeep 5%.

Rent is today's market rent for a 2-bedroom in Downtown, Vancouver: CMHC's average there ($3,258) raised by what new tenants pay against everyone in the Vancouver area, then down 0.8% 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

the building's lot: 3,093 m² (33,293 sq ft) · PID 026-461-820. from ParcelMap BC; property lines are approximate, a survey is the legal boundary.

VancouverGoogle Maps ↗

Rapid transit: Stadium–Chinatown SkyTrain station, 300 m (about 4 min walk); Main Street–Science World SkyTrain station, 800 m (about 13 min walk).

schools

Catchment schools, Vancouver School Board

Elementary šxʷwəq̓ʷəθət Crosstown Elementaryhomes in this catchment
Secondary Britannia Secondaryhomes in this catchment
2.5 km away · 1001 Cotton Dr, Vancouver · 604-713-8266

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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