open houseHouse
$1,288,000
32% under assessed1 2636 McGill Street
Vancouver2 days on market
listed by RE/MAX City Realty
MLS® R3178121
530 Vernon Drive
$1,148,000
530 Vernon Drive
Vancouver · MLS® R3177990
212
2,005 sq ft · Condo · Single Family · built 1999 · 2 days on market
listed by Richard Tamplin, Oakwyn Realty Ltd.
realtor's description
A rare home with room for life & work. This 2,005 sq.ft. LIVE/WORK loft at The Workshop spans 2 defined levels, with its own street entrance & ceilings reaching 16'11". Enjoy it as a 2-bedroom home, or live on one level & work on the other. The adaptable main floor offers room for a generous primary bedroom, dedicated office or creative studio, plus laundry & full bath. Upstairs, a bedroom sits beside the open kitchen, dining & living areas, gas fireplace & substantial storage, creating a welcoming residential retreat. Two secured parking spaces directly outside the door make arrivals, loading, bikes & equipment exceptionally convenient. A quality building, proactive strata & flexible plan suit an entrepreneur, creative professional or anyone wanting more than a conventional loft. Stay in Strathcona for coffee or dinner, or explore the cafés, breweries & shops of Commercial Drive. An adaptable space for modern-day life, work & flow. Some photos are virtually staged to illustrate potential uses.
property details
- type
- Condo, Single Family
- bedrooms
- 2
- bathrooms
- 1
- living area
- 2,005 sq ft
- parking
- 2
- year built
- 1999
- property tax
- $8,262 / yr
- strata fee
- $460 / mo ($0.23 / sq ft)
- strata rules
- Pets Allowed, Rentals Allowed With Restrictions
- days on market
- 2
- MLS®
- R3177990
features
- Central location
- Elevator
- Pets Allowed
- Rentals Allowed With Restrictions
- All
floor plans
found among the listing photos.
monthly cost
$6,150/mo
Mortgage $5,002 · Tax $689 · Strata $460
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
- $2,630/mo
- after all costs
- −$3,765/mo
- cap rate
- 1.3%
- yearly net rent ÷ price
Costs: mortgage $5,002 · tax $689 · strata $460 · insurance ~$35 · vacancy 3% · upkeep 5%.
Rent is today's market rent for a 2-bedroom in East Hastings, Vancouver: CMHC's average there ($2,323) raised by what new tenants pay against everyone in the Vancouver area, then down 0.8% 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.
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 ↗
Rapid transit: VCC–Clark SkyTrain station, 1.6 km (about 25 min walk); Main Street–Science World SkyTrain station, 1.7 km (about 27 min walk).
schools
Catchment schools, Vancouver School Board
- Elementary Seymour Elementaryhomes in this catchment
200 m away · 1130 Keefer St, Vancouver · 604-713-4641
- Secondary Britannia Secondaryhomes in this catchment
800 m 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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