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$1,280,000

2601 1033 NELSON STREET

Vancouver · MLS® R3122561

All units at 1033 Nelson St →

1 bed · 1 bath · 525 sq ft · 1 parking

Condo · Single Family · built 2025 · 150 days on market

Listed by Erin Price-Emery, Oakwyn Realty Ltd.

Realtor's description

A beautiful one-bedroom home in the heart of Downtown Vancouver, filled with natural light and designed for fresh, easy city living. The bright open layout feels welcoming and functional, with beautiful white cabinetry, crisp countertops, and a gas cooktop that give the kitchen a clean, modern feel. Complete with 1 parking stall and 1 storage locker, this home offers the convenience buyers love in a downtown address. Located steps from restaurants, cafés, shopping, transit, and the seawall, it is a wonderful opportunity for a first-time buyer, investor, or anyone looking for a bright, move-in-ready home in the centre of it all.

Property details

Type: Condo, Single Family
Bedrooms: 1
Bathrooms: 1
Living area: 525 sq ft
Parking: 1
Year built: 2025
Property tax: $3,929 / yr
Strata fee: $476 / mo ($0.91 / sq ft)
Strata rules: Pets Allowed With Restrictions, Rentals Allowed With Restrictions
Days on market: 150
MLS®: R3122561

Features

Central location
Elevator
Pets Allowed With Restrictions
Rentals Allowed With Restrictions

Floor plans

Found among the listing photos.

Price check

2026 assessment: $1,112,000 · asking is +15%
Price per sq ft: $2,438 vs $1,020 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 150 days · no price changes so far

The market here

Listed now: 38 days; median for 2212 condos for sale; this one 150 days

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

Property tax by year

Year	Assessed	Est. tax
2026	$1,112,000	$3,739
2025	$1,260,000	$3,925

Estimated tax down 4.7% from 2025 to 2026.

The listing shows $3,929 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

$6,380/mo

Mortgage $5,577 · Tax $327 · Strata $476

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

estimated payment

$5,577/ monthly

loan $1,024,000

25-year amortization

down payment20% · $256,00020%+ 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: $649,051
property transfer tax: $23,600; BC general rate
cash to close: $279,600; down + PTT
total paid: $1,673,051

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: $1,890/mo
After all costs: −$4,677/mo
Cap rate: 0.8%; yearly net rent ÷ price

Rent / moDown payment %Rate %

Costs: mortgage $5,577 · tax $327 · strata $476 · insurance ~$35 · vacancy 3% · upkeep 5%.

Rent starts at CMHC's average for a 1-bedroom in West End, 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: 4,822 m² (51,904 sq ft) · PID 032-374-984. From ParcelMap BC; property lines are approximate, a survey is the legal boundary.

VancouverGoogle Maps ↗

Location

VancouverGoogle Maps ↗

Schools

Catchment schools, Vancouver School Board

Elementary Roberts Elementaryhomes in this catchment
1000 m away · 1100 Bidwell St, Vancouver · 604-713-5055
Secondary King George Secondaryhomes in this catchment
1.1 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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