502 1480 Howe Street

2026 assessment

$612,000 · asking is -3.6%

price per sq ft

$1,113 vs $1,013 median for condos in Vancouver for sale (2094)

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.

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

rent

$2,430/mo

after all costs

−$1,127/mo

cap rate

2.9%

yearly net rent ÷ price

Costs: mortgage $2,571 · tax $169 · strata $588 · insurance ~$35 · vacancy 3% · upkeep 5%.

Rent is today's market rent for a 1-bedroom in Downtown, Vancouver: CMHC's average there ($2,112) 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.

Rapid transit: Yaletown–Roundhouse SkyTrain station, 700 m (about 11 min walk); Vancouver City Centre SkyTrain station, 1.2 km (about 19 min walk).

Estimated tax down 4.4% from 2025 to 2026.

The listing shows $2,029 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.

listed now

45 days

median for 2094 condos for sale; this one 2 days

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

the building's lot: 4,627 m² (49,805 sq ft) · PID 030-975-239. from ParcelMap BC; property lines are approximate, a survey is the legal boundary.

Rapid transit: Yaletown–Roundhouse SkyTrain station, 700 m (about 11 min walk); Vancouver City Centre SkyTrain station, 1.2 km (about 19 min walk).