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$2,499,900

2703 889 HOMER STREET

Vancouver · MLS® R3119016

3 bed · 3 bath · 2,019 sq ft · 3 parking

Condo · Single Family · built 1992 · 157 days on market

Listed by Jeannie Choi, Interlink Realty

Realtor's description

Architecturally designed by Bing Thom! A luxurious yet modern redesigned & reconfigured 2- level PENTHOUSE! 2019sqft 3 bedroom + DEN in the heart of the Vancouver Downtown. 16' high soaring cathedral ceilings & oversized windows surrounding city views on the top floor! The attention to detail on high level finishes of marble, quartzite, stainless steel, wide plank white oak flooring/wool carpet & white lacquer and oak millwork throughout. Features wifi-controlled custom skylight, gourmet kitchen w/custom stainless detailing throughout. Comes with 3 parking stalls, 3 balconies, & huge storage locker. Steps from the entertainment, financial & shopping districts. updated lobby, elevator, parking garage & newly installed camera & EV Charger. Well run building with pro-active strata. Open House Aug 23 Sun, 2-4pm

Property details

Type: Condo, Single Family
Bedrooms: 3
Bathrooms: 3
Living area: 2,019 sq ft
Parking: 3
Year built: 1992
Property tax: $8,285 / yr
Strata fee: $1,361 / mo ($0.67 / sq ft)
Strata rules: Pets Allowed With Restrictions
Days on market: 157
MLS®: R3119016

Buying in a building from 1982 to 2000: what to read first

Features

Central location
Elevator
Pets Allowed With Restrictions
All
Oven - Built-In

Floor plans

Found among the listing photos.

Price check

Above typical for the area (+21%)

2026 assessment: $2,377,000 · asking is +5.2%
Price per sq ft: $1,238 vs $1,021 median for condos in Vancouver for sale (2032)

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 157 days · no price changes so far

The market here

Listed now: 42 days; median for 2032 condos for sale; this one 157 days

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

Property tax by year

Year	Assessed	Est. tax
2026	$2,377,000	$7,993
2025	$2,657,000	$8,278

Estimated tax down 3.4% from 2025 to 2026.

The listing shows $8,285 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

$12,944/mo

Mortgage $10,892 · Tax $690 · Strata $1,361

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

estimated payment

$10,892/ monthly

loan $1,999,920

25-year amortization

down payment20% · $499,98020%+ down: no mortgage insuranceinterest rate4.34%Rates from Ratehub.ca (best 5-year fixed and variable), checked Oct 8, 2026. Semi-annual compounding; your lender's rate may differ.amortizationpayment frequency

total interest: $1,267,627
property transfer tax: $52,997; BC general rate
cash to close: $552,977; down + PTT
total paid: $3,267,547

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: $5,081/mo
After all costs: −$8,304/mo
Cap rate: 1.2%; yearly net rent ÷ price

Rent / moDown payment %Rate %

Costs: mortgage $10,892 · tax $690 · strata $1,361 · insurance ~$35 · vacancy 3% · upkeep 5%.

Rent starts at CMHC's average for a 3+ 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: 2,785 m² (29,977 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
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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