504 1159 MAIN STREET
Vancouver · MLS® R3174087
2 bed · 2 bath · 1,251 sq ft · 2 parking
Condo · Single Family · built 1992 · listed today
Listed by Kayi Cheung, Latitude Realty Inc.
Open house · Saturday, October 17, 2pm–4pm
Realtor's description
Priced to sell! This 1,251 sq.ft. 2 bed, 2 bath home at City Gate II by BOSA offers space, location and value just minutes from False Creek and Olympic Village. Overlooking Thornton Park, the home features new flooring and fresh paint completed in April 2026, plus 2 parking stalls and a full-size storage locker. Enjoy the Seawall for jogging and biking, with Science World, SkyTrain, cafés and restaurants all nearby. The new St. Paul´s Hospital is also just minutes away, adding strong long-term appeal for homeowners and investors alike. Enjoy the Olympic Village lifestyle without the Olympic Village price tag. Open house Oct 17-18 (2-4pm)
Property details
- Type
- Condo, Single Family
- Bedrooms
- 2
- Bathrooms
- 2
- Living area
- 1,251 sq ft
- Parking
- 2
- Year built
- 1992
- Property tax
- $3,085 / yr
- Strata fee
- $808 / mo ($0.65 / sq ft)
- Strata rules
- Pets Allowed With Restrictions, Rentals Allowed With Restrictions
- Days on market
- 0
- MLS®
- R3174087
Features
- Elevator
- Gated community
- Pets Allowed With Restrictions
- Rentals Allowed With Restrictions
- All
- Oven - Built-In
Monthly cost
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
- $3,258/mo
- After all costs
- −$1,541/mo
- Cap rate
- 2.9%
- yearly net rent ÷ price
Costs: mortgage $3,438 · tax $257 · strata $808 · insurance ~$35 · vacancy 3% · upkeep 5%.
Rent starts at CMHC's average for a 2-bedroom in Downtown, 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
Schools
Catchment schools, Vancouver School Board
- Elementary šxʷwəq̓ʷəθət Crosstown Elementaryhomes in this catchment
- Secondary Britannia Secondaryhomes in this catchment
2.0 km 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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