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$608,000

311 5555 VICTORIA DRIVE

Vancouver · MLS® R3125423

All units at 5555 Victoria Dr →

2 bed · 2 bath · 813 sq ft · 1 parking

Condo · Single Family · built 2000 · 143 days on market

Listed by Elly Chan, Homeland Realty

Realtor's description

Location Location Location! Rare opportunity! 2 bedrooms, 2 baths with den, flex room and a west facing patio located next to London Drugs on Victoria and 41st Avenue. Facing quiet side of building, the open layout is perfect for relaxing or entertaining. Master bedroom has ensuite and 2 closets and also a flex area. Entry area has a den that's perfect as a mud room or as extra storage area. Livingroom is cozy with a gas fireplace. Gas and hot water is included in the strata fees. Super location close to banks, shopping, grocery, restaurants and schools. No need to stock your fridge, walk out the door and eateries are everywhere. School catchment: Tecumseh Elementary (5-min walk) and Gladstone Secondary (5-min drive).

Property details

Type: Condo, Single Family
Bedrooms: 2
Bathrooms: 2
Living area: 813 sq ft
Parking: 1
Year built: 2000
Property tax: $1,993 / yr
Strata fee: $478 / mo ($0.59 / sq ft)
Strata rules: Pets Allowed With Restrictions, Rentals Allowed With Restrictions
Days on market: 143
MLS®: R3125423

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

Features

Elevator
Wheelchair access
Pets Allowed With Restrictions
Rentals Allowed With Restrictions
Washer
Refrigerator

Floor plans

Found among the listing photos.

Price check

Below typical for the area (-27%)

2026 assessment: $626,000 · asking is -2.9%
Price per sq ft: $748 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 143 days · no price changes so far

The market here

Listed now: 38 days; median for 2212 condos for sale; this one 143 days

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

Property tax by year

Year	Assessed	Est. tax
2026	$626,000	$2,105

The listing shows $1,993 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

$3,293/mo

Mortgage $2,649 · Tax $166 · Strata $478

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

estimated payment

$2,649/ monthly

loan $486,400

25-year amortization

down payment20% · $121,60020%+ 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: $308,299
property transfer tax: $10,160; BC general rate
cash to close: $131,760; down + PTT
total paid: $794,699

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: $2,512/mo
After all costs: −$1,017/mo
Cap rate: 3.2%; yearly net rent ÷ price

Rent / moDown payment %Rate %

Costs: mortgage $2,649 · tax $166 · strata $478 · insurance ~$35 · vacancy 3% · upkeep 5%.

Rent starts at CMHC's average for a 2-bedroom in Mount Pleasant/Renfrew Heights, 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: 2,798 m² (30,117 sq ft) · PID 025-007-912. 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 Tecumseh Elementaryhomes in this catchment
300 m away · 1850 41st Ave E, Vancouver · 604-713-5390
Secondary Gladstone Secondaryhomes in this catchment
1.6 km away · 4105 Gladstone St, Vancouver · 604-713-8288

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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