Condo
$500,000
34% less per sq ft205 3455 ASCOT PLACE
Vancouver29 days on market
2 bd1 ba745 sq ft
MLS® R31617991 / 11
$499,000
2905 488 SW MARINE DRIVE
Vancouver · MLS® R3163855
1 bed · 1 bath · 487 sq ft · 1 parking
Condo · Single Family · built 2015 · 27 days on market
Listed by Camil Chan, Interlink Realty
Realtor's description
Welcome to the North Tower at Marine Gateway, developed by the PCI Group and designed by the world-renowned architecture firm Perkins+Will. This award-winning, LEED Gold certified mixed-use community has completely redefined transit-oriented urban living in South-West Vancouver. This one bedroom unit offers panoramic city and oceanic view with convenience at your doorstep to Canada Life Skytrain station, bus loop, shops, restaurants and professional offices. Well kept unit, comes with one regular parking stall and one storage locker. Some pictures are virtually staged. Priced to sell. Book your schedule to show.
Property details
- Type
- Condo, Single Family
- Bedrooms
- 1
- Bathrooms
- 1
- Living area
- 487 sq ft
- Parking
- 1
- Year built
- 2015
- Property tax
- $1,759 / yr
- Strata fee
- $337 / mo ($0.69 / sq ft)
- Strata rules
- Pets Allowed With Restrictions, Rentals Allowed With Restrictions
- Days on market
- 27
- MLS®
- R3163855
Features
- Pets Allowed With Restrictions
- Rentals Allowed With Restrictions
- All
Floor plans
Found among the listing photos.
Monthly cost
$2,658/mo
Mortgage $2,174 · Tax $147 · Strata $337
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
- $1,494/mo
- After all costs
- −$1,318/mo
- Cap rate
- 2.1%
- yearly net rent ÷ price
Costs: mortgage $2,174 · tax $147 · strata $337 · 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
VancouverGoogle Maps ↗
Schools
Catchment schools, Vancouver School Board
- Elementary Sexsmith Elementaryhomes in this catchment
1.0 km 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.
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