Condo
$369,900
19% under assessed205 5488 CECIL STREET
Vancouver105 days on market
MLS® R3140332
1 / 19
1 bath · 447 sq ft
Condo · Single Family · built 2012 · 94 days on market
Listed by Karen Li, Macdonald Realty Westmar
Realtor's description
Perfect for first-time buyers and investors! This bright southwest-facing FRESHLY PAINTED studio+den home at COSMO by Concord Pacific features an efficient open-concept layout, floor-to-ceiling windows, premium Miele appliances & contemporary finishes. Enjoy exclusive building amenities including a rooftop terrace with BBQ area & hot tub, bowling alley, gym & 24-hour concierge. Residents also have exclusive access to the renowned Club Ozone, featuring an 80-ft indoor pool, fitness centre, steam/sauna & party lounge. Boasting a 99 Walk Score-just steps to Costco, Stadium-Chinatown SkyTrain Station, Rogers Arena, BC Place, T&T, restaurants, cafés, and more.
Property details
- Type
- Condo, Single Family
- Bathrooms
- 1
- Living area
- 447 sq ft
- Parking
- 0
- Year built
- 2012
- Property tax
- $1,504 / yr
- Strata fee
- $411 / mo ($0.92 / sq ft)
- Strata rules
- Pets Allowed With Restrictions, Rentals Allowed With Restrictions
- Days on market
- 94
- MLS®
- R3143538
Features
- Central location
- Elevator
- Pets Allowed With Restrictions
- Rentals Allowed With Restrictions
- Refrigerator
- Dishwasher
Monthly cost
$2,270/mo
Mortgage $1,734 · Tax $125 · Strata $411
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
- $1,839/mo
- After all costs
- −$613/mo
- Cap rate
- 3.4%
- yearly net rent ÷ price
Costs: mortgage $1,734 · tax $125 · strata $411 · insurance ~$35 · vacancy 3% · upkeep 5%.
Rent starts at CMHC's average for a studio 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
VancouverGoogle Maps ↗
Schools
Catchment schools, Vancouver School Board
- Elementary šxʷwəq̓ʷəθət Crosstown Elementaryhomes in this catchment
- Secondary King George Secondaryhomes in this catchment
2.2 km away · 1755 Barclay St, Vancouver · 604-713-8999
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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