Condo
$498,900
106 2550 Garden Drive
Vancouver1 day on market
listed by Rennie & Associates Realty Ltd.
MLS® R3178200
318 2450 Garden Drive
11
484 sq ft · Condo · Single Family · built 2025 · 2 days on market
listed by Collis Verdicchio, Oakwyn Realty Ltd.
realtor's description
Practically brand new at just one year old, best part one parking and storage is included! This thoughtfully designed studio apartment offers a great use of space, modern living and peace of mind with the balance of the new home warranty still in place. Enjoy years of low-maintenance living without the worries that often come with older buildings. Perfect for first-time buyers, downsizers or anyone looking for a convenient urban lifestyle. Just minutes from the independent shops, cafés and restaurants of Commercial Drive, with parks, transit and everything that makes East Vancouver so special. A fantastic opportunity to own a nearly new home in one of Vancouver's most loved neighbourhoods!
property details
- type
- Condo, Single Family
- bathrooms
- 1
- living area
- 484 sq ft
- parking
- 1
- year built
- 2025
- property tax
- $1,904 / yr
- strata fee
- $264 / mo ($0.55 / sq ft)
- strata rules
- Pets Allowed
- days on market
- 2
- MLS®
- R3177809
features
- Elevator
- Pets Allowed
monthly cost
$2,597/mo
Mortgage $2,174 · Tax $159 · Strata $264
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
- $1,880/mo
- after all costs
- −$902/mo
- cap rate
- 3.1%
- yearly net rent ÷ price
Costs: mortgage $2,174 · tax $159 · strata $264 · insurance ~$35 · vacancy 3% · upkeep 5%.
Rent is today's market rent for a studio in East Hastings, Vancouver: CMHC's average there ($1,689) raised by what new tenants pay against everyone in the Vancouver area, then down 1.5% 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
