$499,900

506 3438 VANNESS AVENUE

Vancouver · MLS® R3164244

1 bed · 1 bath · 600 sq ft · 1 parking

Condo · Single Family · built 1999 · 26 days on market

Listed by Benson Lee, Nu Stream Realty Inc.

Welcome to THE CENTRO! Well-maintained 1-bedroom home in the heart of Collingwood Village. Located conveniently across from Joyce Skytrain Station. Minutes away from Downtown and Metrotown. Walking distance to schools, parks, restaurants, and shops. Excellent for 1st time buyer or investors. Well maintained 1 bedroom + den SE facing corner unit with bright and functional floor plan. Pets and Rentals allowed. In-suite laundry, 1 parking, and 1 storage included.

Type: Condo, Single Family
Bedrooms: 1
Bathrooms: 1
Living area: 600 sq ft
Parking: 1
Year built: 1999
Property tax: $1,557 / yr
Days on market: 26
MLS®: R3164244

Below typical for the area (-18%)

2026 assessment: $463,000 · asking is +8.0%
Price per sq ft: $833 vs $1,020 median for condos in Vancouver for sale (2066)

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.

On market 26 days

Listed now: 42 days; median for 2066 condos for sale; this one 26 days

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

FloodplainNo
Not within a designated floodplain on the provincial floodplain maps. These maps are historical and don't cover every river or the coast.
Source: Province of BC, Mapped Floodplains in BC
Agricultural Land ReserveNo
Not inside the Agricultural Land Reserve on the provincial map.
Source: Agricultural Land Commission, ALR boundary
HeritageNo
Not on the BC Register of Historic Places or in a heritage conservation area.
Source: BC Heritage Branch, historic places and conservation areas

From public government maps, matched to the listing's map pin. Maps can be out of date or miss a lot line; confirm with the municipality.

Catchment schools, Vancouver School Board

Elementary Bruce Elementaryhomes in this catchment
700 m away · 3633 Tanner St, Vancouver · 604-713-4778
Secondary Windermere Secondaryhomes in this catchment
1.1 km away · 3155 27th Ave E, Vancouver · 604-713-8180

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.

$2,308/mo

Mortgage $2,178 · Tax $130

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

estimated payment

$2,178/ monthly

loan $399,920

25-year amortization

down payment20% · $99,98020%+ down: no mortgage insuranceinterest rate4.34%Rates from Ratehub.ca (best 5-year fixed and variable), checked Oct 7, 2026. Semi-annual compounding; your lender's rate may differ.amortizationpayment frequency

total interest: $253,485
property transfer tax: $7,998; BC general rate
cash to close: $107,978; down + PTT
total paid: $653,405

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.

Rent: $1,704/mo
After all costs: −$775/mo
Cap rate: 3.4%; yearly net rent ÷ price

Rent / moDown payment %Rate %

Costs: mortgage $2,178 · tax $130 · 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

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