303 1562 W 5TH AVENUE

Vancouver · MLS® R3172604

1 bed · 1 bath · 644 sq ft · 1 parking

Condo · Single Family · built 1998 · 1 day on market

Listed by Jay Coupar, eXp Realty

Welcome to Gryphon Court in False Creek! This bright home stands out with its distinctive turret-style living room, surrounded by windows that capture natural light and views toward downtown and the park. The unique layout includes a versatile nook with ample room for a spacious desk, creating a convenient work-from-home space. Explore nearby Granville Island, enjoy local shops and restaurants, or head to the seawall for a walk or bike ride. Character, light and a convenient Vancouver location come together in this inviting home. All measurements approximate.

Type: Condo, Single Family
Bedrooms: 1
Bathrooms: 1
Living area: 644 sq ft
Parking: 1
Year built: 1998
Property tax: $1,971 / yr
Strata fee: $511 / mo ($0.79 / sq ft)
Strata rules: Pets Allowed With Restrictions
Days on market: 1
MLS®: R3172604

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

Typical for the area (-1.8%)

2026 assessment: $653,000 · asking is -1.2%
Price per sq ft: $1,002 vs $1,020 median for condos in Vancouver for sale (2066)

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.

Pets Allowed With Restrictions

On market 1 day

Listed now: 41 days; median for 2066 condos for sale; this one 1 day

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

FloodplainNo
Not within a designated floodplain on the provincial floodplain maps. These maps are historical and don't cover every river or the coast.
Source: Province of BC, Mapped Floodplains in BC
Agricultural Land ReserveNo
Not inside the Agricultural Land Reserve on the provincial map.
Source: Agricultural Land Commission, ALR boundary
HeritageNo
Not on the BC Register of Historic Places or in a heritage conservation area.
Source: BC Heritage Branch, historic places and conservation areas

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 Maps can be out of date or miss a lot line; confirm with the municipality.

Catchment schools, Vancouver School Board

Elementary Hudson Elementaryhomes in this catchment
Secondary Kitsilano Secondaryhomes in this catchment

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.

$3,485/mo

Mortgage $2,810 · Tax $164 · Strata $511

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

estimated payment

$2,810/ monthly

loan $516,000

25-year amortization

down payment20% · $129,00020%+ down: no mortgage insuranceinterest rate4.34%Rates from Ratehub.ca (best 5-year fixed and variable), checked Oct 7, 2026. Semi-annual compounding; your lender's rate may differ.amortizationpayment frequency

total interest: $327,061
property transfer tax: $10,900; BC general rate
cash to close: $139,900; down + PTT
total paid: $843,061

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.

Rent: $1,863/mo
After all costs: −$1,806/mo
Cap rate: 1.9%; yearly net rent ÷ price

Rent / moDown payment %Rate %

Costs: mortgage $2,810 · tax $164 · strata $511 · insurance ~$35 · vacancy 3% · upkeep 5%.

Rent starts at CMHC's average for a 1-bedroom in South Granville/Oak, 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

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