Condo
$475,000
401 1315 Cardero Street
Vancouver1 day on market
listed by Oakwyn Realty Ltd.
MLS® R3178238
410 2550 Garden Drive
11
424 sq ft · Condo · Single Family · built 2023 · 1 day on market
listed by Tyler Rodyniuk, Rennie & Associates Realty Ltd.
realtor's description
A unique investment opportunity to own a studio suite at 2550 Garden Drive, featuring 425sf of open and light filled space. Currently tenanted meaning *NO GST*. Option to have tenant already in place or not. Incredible construction quality from trusted Developer Bucci Developments. Spacious and thoughtfully designed kitchen with premium integrated Fulgor &Milano appliances, wood cabinets and quartz counter. Further features include A/C, HRV system, 9' ceilings, engineered white oak floors, ample storage solutions, built-in laundry station, and more! Steps to Nanaimo St and CommercialDr., Trout Lake Park and Commercial-Broadway Skytrain. Amenities include a social lounge, expansive outdoor terrace, and more! Parking AND storage included. Contact for more info! This won't last!
property details
- type
- Condo, Single Family
- bathrooms
- 1
- living area
- 424 sq ft
- parking
- 1
- year built
- 2023
- strata fee
- $259 / mo ($0.61 / sq ft)
- strata rules
- Pets Allowed With Restrictions
- days on market
- 1
- MLS®
- R3178196
features
- Elevator
- Pets Allowed With Restrictions
property tax by year
| year | assessed | est. tax |
|---|---|---|
| 2026 | $532,000 | $1,789 |
| 2025 | $582,000 | $1,813 |
Estimated tax down 1.3% from 2025 to 2026.
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
$2,350/mo
Mortgage $2,091 · Strata $259
20% down at 4.34% fixed (Ratehub.ca), 25 years; strata fee from the listing.
if you rented it out
- rent
- $2,000/mo
- after all costs
- −$545/mo
- cap rate
- 3.9%
- yearly net rent ÷ price
Costs: mortgage $2,091 · strata $259 · insurance ~$35 · vacancy 3% · upkeep 5%.
Rent is today's market rent for a studio in Mount Pleasant/Renfrew Heights, Vancouver: CMHC's average there ($1,798) 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
schools
Catchment schools, Vancouver School Board
- Elementary Secord Elementaryhomes in this catchment
200 m away · 2500 Lakewood Dr, Vancouver · 604-713-4996
- Secondary Vancouver Technical Secondaryhomes in this catchment
500 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.
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