$648,000
3005 1408 Strathmore Mews
Vancouver42 days on market
listed by Oakwyn Realty Ltd.
MLS® R3165639
315 702 E King Edward Avenue
211
750 sq ft · Condo · Single Family · built 2008 · listed today
listed by Ryan Alty, RE/MAX Sabre Realty Group
realtor's description
Well priced! Spacious, bright corner home, 750 sqft, 2 bedroom,1 bathroom in a central location with transit right outside the front of the building. Lots of windows make this home bright and feel even more spacious than it is. Nice layout! Situated in East Vancouver, the Fraser and King Edward corridor is a lively, family-friendly urban village known for independent businesses, local eateries, and a strong neighborhood feel, and it's walkable to everything that you need. Glen Park, direct bus to UBC, central to most areas, Canada Line, downtown and more! Don't miss your chance to own at The Magnolia!
property details
- type
- Condo, Single Family
- bedrooms
- 2
- bathrooms
- 1
- living area
- 750 sq ft
- parking
- 1
- year built
- 2008
- property tax
- $2,002 / yr
- strata fee
- $498 / mo ($0.66 / sq ft)
- strata rules
- Pets Allowed With Restrictions
- days on market
- 0
- MLS®
- R3178912
features
- Central location
- Elevator
- Pets Allowed With Restrictions
- All
floor plans
found among the listing photos.
monthly cost
$3,144/mo
Mortgage $2,479 · Tax $167 · Strata $498
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
- $2,840/mo
- after all costs
- −$566/mo
- cap rate
- 4.0%
- yearly net rent ÷ price
Costs: mortgage $2,479 · tax $167 · strata $498 · insurance ~$35 · vacancy 3% · upkeep 5%.
Rent is today's market rent for a 2-bedroom in Mount Pleasant/Renfrew Heights, Vancouver: CMHC's average there ($2,512) raised by what new tenants pay against everyone in the Vancouver area, then down 0.8% with Vancouver's asking rents, 2025 Q4 → 2026 Q2. (CMHC Rental Market Survey, October 2025; CMHC Rental Market Report 2025, table 6.0 (rents on units that turned over to a new tenant); trend: Statistics Canada.) 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 ↗
Rapid transit: King Edward SkyTrain station, 1.9 km (about 30 min walk); VCC–Clark SkyTrain station, 2.1 km (about 33 min walk).
schools
Catchment schools, Vancouver School Board
- Elementary McBride Elementaryhomes in this catchment
1000 m away · 1300 29th Ave E, Vancouver · 604-713-4971
- Secondary Sir Charles Tupper Secondaryhomes in this catchment
400 m away · 419 24th Ave E, Vancouver · 604-713-8233
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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