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$528,000

2605 488 SW MARINE DRIVE

Vancouver · MLS® R3091006

All units at 488 SW Marine Dr →

1 bed · 1 bath · 487 sq ft · 1 parking

Condo · Single Family · built 2015 · 233 days on market

Listed by Allen Young, Royal Pacific Realty Corp.

Realtor's description

Welcome to Marine Gateway, Vancouver's vibrant new urban center, where convenience meets lifestyle. This stunning west-facing home on the 26th floor offers breathtaking water and mountain views. Located in a prime area, you'll find T&T Supermarket, the SkyTrain station, Cineplex, and a variety of retail stores just steps from your door. Featuring high-quality finishes, including wood flooring, gourmet cabinetry, stainless steel appliances, granite countertops, and Kohler fixtures. Only 10 minutes from both downtown Vancouver and Richmond, this property is ideal for investment or personal living. Don't miss this opportunity it's a must-see! Month to month tenanted.

Property details

Type: Condo, Single Family
Bedrooms: 1
Bathrooms: 1
Living area: 487 sq ft
Parking: 1
Year built: 2015
Property tax: $1,784 / yr
Strata fee: $347 / mo ($0.71 / sq ft)
Strata rules: Pets Allowed With Restrictions, Rentals Allowed With Restrictions
Days on market: 233
MLS®: R3091006

Features

Central location
Elevator
Pets Allowed With Restrictions
Rentals Allowed With Restrictions
All

Price check

Typical for the area (+6.2%)

2026 assessment: $517,000 · asking is +2.1%
Price per sq ft: $1,084 vs $1,021 median for condos in Vancouver for sale (2037)

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 233 days · no price changes so far

The market here

Listed now: 38 days; median for 2212 condos for sale; this one 233 days

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

Property tax by year

Year	Assessed	Est. tax
2026	$517,000	$1,738
2025	$572,000	$1,782

Estimated tax down 2.5% from 2025 to 2026.

The listing shows $1,784 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

$2,796/mo

Mortgage $2,300 · Tax $149 · Strata $347

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

estimated payment

$2,300/ monthly

loan $422,400

25-year amortization

down payment20% · $105,60020%+ 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: $267,734
property transfer tax: $8,560; BC general rate
cash to close: $114,160; down + PTT
total paid: $690,134

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: $1,494/mo
After all costs: −$1,457/mo
Cap rate: 1.9%; yearly net rent ÷ price

Rent / moDown payment %Rate %

Costs: mortgage $2,300 · tax $149 · strata $347 · insurance ~$35 · vacancy 3% · upkeep 5%.

Rent starts at CMHC's average for a 1-bedroom in Marpole, 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: 19,101 m² (205,601 sq ft) · PID 029-642-086. 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 Sexsmith Elementaryhomes in this catchment
1000 m away · 7410 Columbia St, Vancouver · 604-713-4901
Secondary Sir Winston Churchill Secondaryhomes in this catchment
1.3 km away · 7055 Heather St, Vancouver · 604-713-8189

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.

Good to know

Wildfire
The BC Wildfire Service rates Vancouver's wildland urban interface as risk class 5 of 5 (lowest; 1 is the highest). One wildfire of 10 hectares or more burned within 5 km since 2006: 2018 (13 ha). Some insurers price for wildfire, and FireSmart BC has a free home assessment guide.
Source: BC Wildfire Service, WUI risk class and fire perimeters

From public government maps, matched to the listing's map pin. Maps can be out of date or miss a lot line; confirm with the municipality.

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