Condo
$1,068,800
205 1561 W 57TH AVENUE
Vancouver22 days on market
2 bd2 ba834 sq ft
MLS® R31656461 / 38
$998,000
321 1120 E GEORGIA STREET
Vancouver · MLS® R3162233
2 bed · 2 bath · 950 sq ft · 1 parking
Townhouse · Single Family · built 2025 · 29 days on market
Listed by Rick Stonehouse, Oakwyn Realty Ltd.
Realtor's description
Nearly 1,450 sq. ft. of indoor/outdoor living in this beautifully appointed 2-bedroom, 2-bathroom home at Assembly in the heart of Strathcona. The thoughtfully designed interior features floor-to-ceiling windows, air conditioning and a sleek kitchen with custom cabinetry and premium integrated Italian appliances. A spectacular rooftop terrace with city, mountain and water views creates an exceptional extension of the living space, complete with gas and water hookups. Assembly is a true community within a community, with welcoming shared outdoor spaces that encourage connection with neighbours. Includes EV parking and storage, minutes from downtown and Commercial Drive.
Property details
- Type
- Townhouse, Single Family
- Bedrooms
- 2
- Bathrooms
- 2
- Living area
- 950 sq ft
- Parking
- 1
- Year built
- 2025
- Property tax
- $3,708 / yr
- Strata fee
- $508 / mo ($0.53 / sq ft)
- Strata rules
- Pets Allowed
- Days on market
- 29
- MLS®
- R3162233
Features
- Central location
- Elevator
- Pets Allowed
- All
Floor plans
Found among the listing photos.
Monthly cost
$5,165/mo
Mortgage $4,348 · Tax $309 · Strata $508
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
- $2,323/mo
- After all costs
- −$3,203/mo
- Cap rate
- 1.4%
- yearly net rent ÷ price
Costs: mortgage $4,348 · tax $309 · strata $508 · insurance ~$175 · vacancy 3% · upkeep 5%.
Rent starts at CMHC's average for a 2-bedroom in East Hastings, 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 Seymour Elementaryhomes in this catchment
100 m away · 1130 Keefer St, Vancouver · 604-713-4641
- Secondary Britannia Secondaryhomes in this catchment
700 m away · 1001 Cotton Dr, Vancouver · 604-713-8266
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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