1 / 16

$509,999

403 2408 E BROADWAY

Vancouver · MLS® R3158320

1 bed · 1 bath · 576 sq ft · 1 parking

Condo · Single Family · built 2014 · 46 days on market

Listed by Simon Zhu, Interlink Realty

Realtor's description

Welcome to Broadway Crossing in vibrant Renfrew Heights! This rarely available bright and very lightly used 1-bedroom Penthouse shows like new! It offers a thoughtfully designed open-concept layout with high ceilings, expansive windows, and durable wide plank laminate flooring. The modern kitchen features a skylight, quartz countertops, stainless steel appliances, undermount sink, flat-panel cabinetry, and a breakfast bar. Enjoy your private east-facing balcony overlooking the quiet courtyard, plus a spacious bedroom which fits king-sized bed with cheater ensuite bathroom. Ideally located just steps from Commercial Drive skytrain, transit, parks, schools, Trout Lake, and everyday amenities along Broadway and Nanaimo. Act now before it's gone!

Property details

Type: Condo, Single Family
Bedrooms: 1
Bathrooms: 1
Living area: 576 sq ft
Parking: 1
Year built: 2014
Property tax: $1,675 / yr
Strata fee: $476 / mo ($0.83 / sq ft)
Strata rules: Pets Allowed With Restrictions, Rentals Allowed With Restrictions
Days on market: 46
MLS®: R3158320

Features

Central location
Private setting
Elevator
Pets Allowed With Restrictions
Rentals Allowed With Restrictions
All

Price check

Below typical for the area (-13%)

2026 assessment: $498,000 · asking is +2.4%
Price per sq ft: $885 vs $1,022 median for condos in Vancouver for sale (2039)

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 46 days · no price changes so far

The market here

Listed now: 38 days; median for 2210 condos for sale; this one 46 days

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

Property tax by year

Year	Assessed	Est. tax
2026	$498,000	$1,675

The listing shows $1,675 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

$2,837/mo

Mortgage $2,222 · Tax $140 · Strata $476

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

estimated payment

$2,222/ monthly

loan $407,999

25-year amortization

down payment20% · $102,00020%+ 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: $258,606
property transfer tax: $8,200; BC general rate
cash to close: $110,200; down + PTT
total paid: $666,605

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: $1,704/mo
After all costs: −$1,305/mo
Cap rate: 2.2%; yearly net rent ÷ price

Rent / moDown payment %Rate %

Costs: mortgage $2,222 · tax $140 · strata $476 · insurance ~$35 · vacancy 3% · upkeep 5%.

Rent starts at CMHC's average for a 1-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: 1,144 m² (12,314 sq ft) · PID 029-353-556. 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 Secord Elementaryhomes in this catchment
300 m away · 2500 Lakewood Dr, Vancouver · 604-713-4996
Secondary Vancouver Technical Secondaryhomes in this catchment
400 m away · 2600 Broadway E, Vancouver · 604-713-8215

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.

Keep private notes and ratings on homes you're considering. Sign in (email only) and they follow you to every device.