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$1,168,000

507 8588 CORNISH STREET

Vancouver · MLS® R3116076

All units at 8588 Cornish St →

3 bed · 2 bath · 1,318 sq ft · 2 parking

Condo · Single Family · built 2014 · 165 days on market

Listed by Richard Wu, Multiple Realty Ltd.

Realtor's description

Luxury living at Cornish Estate by Westbank! This rare and spacious 1,318 sqft corner unit offers 3 bedrooms + den (den can be 4th bedroom), featuring a bright and functional layout filled with natural light. Open-concept kitchen with premium Miele appliances, walnut flooring, and A/C throughout. Enjoy a large balcony ideal for outdoor living. Thoughtful floorplan with excellent bedroom separation. Comes with 2 side-by-side parking stalls. Resort-style amenities include concierge, gym, lounge, study rooms, sauna, theatre & rooftop garden. Located in the McKechnie Elementary & Magee Secondary catchment, close to Richmond, YVR, UBC, transit, shops & restaurants. Don´t miss this exceptional home-call today to book your private showing!

Property details

Type: Condo, Single Family
Bedrooms: 3
Bathrooms: 2
Living area: 1,318 sq ft
Parking: 2
Year built: 2014
Property tax: $3,545 / yr
Strata fee: $988 / mo ($0.75 / sq ft)
Strata rules: Pets Allowed With Restrictions
Days on market: 165
MLS®: R3116076

Features

Elevator
Pets Allowed With Restrictions
All
Intercom

Price check

Below typical for the area (-13%)

2026 assessment: $1,086,000 · asking is +7.6%
Price per sq ft: $886 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.

Property insights

On market 165 days · no price changes so far

The market here

Listed now: 37 days; median for 2245 condos for sale; this one 165 days

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

Property tax by year

Year	Assessed	Est. tax
2026	$1,086,000	$3,652
2025	$1,137,000	$3,542

Estimated tax up 3.1% from 2025 to 2026.

The listing shows $3,545 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.

Monthly cost

$6,372/mo

Mortgage $5,089 · Tax $295 · Strata $988

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

estimated payment

$5,089/ monthly

loan $934,400

25-year amortization

down payment20% · $233,60020%+ down: no mortgage insuranceinterest rate4.34%Rates from Ratehub.ca (best 5-year fixed and variable), checked Oct 9, 2026. Semi-annual compounding; your lender's rate may differ.amortizationpayment frequency

total interest: $592,259
property transfer tax: $21,360; BC general rate
cash to close: $254,960; down + PTT
total paid: $1,526,659

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.

If you rented it out

Rent: $1,895/mo
After all costs: −$4,664/mo
Cap rate: 0.4%; yearly net rent ÷ price

Rent / moDown payment %Rate %

Costs: mortgage $5,089 · tax $295 · strata $988 · insurance ~$35 · vacancy 3% · upkeep 5%.

Rent starts at CMHC's average for a 2-bedroom in Marpole, 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

The building's lot: 5,929 m² (63,819 sq ft) · PID 029-442-184. From ParcelMap BC; property lines are approximate, a survey is the legal boundary.

VancouverGoogle Maps ↗

Location

VancouverGoogle Maps ↗

Schools

Catchment schools, Vancouver School Board

Elementary McKechnie Elementaryhomes in this catchment
1.3 km away · 7455 Maple St, Vancouver · 604-713-4952
Secondary Magee Secondaryhomes in this catchment
2.3 km away · 6360 Maple St, Vancouver · 604-713-8200

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.

Good to know

Wildfire
The BC Wildfire Service rates Vancouver's wildland urban interface as risk class 5 of 5 (lowest; 1 is the highest). One wildfire of 10 hectares or more burned within 5 km since 2006: 2018 (13 ha). Some insurers price for wildfire, and FireSmart BC has a free home assessment guide.
Source: BC Wildfire Service, WUI risk class and fire perimeters

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.

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