Condo
$678,000
207 1618 QUEBEC STREET
Vancouverlisted today
1 bd1 ba615 sq ft
MLS® R31736731 / 29
$639,000
602 1249 GRANVILLE STREET
Vancouver · MLS® R3156380
1 bed · 1 bath · 592 sq ft · 1 parking
Condo · Single Family · built 2003 · 51 days on market
Listed by Elaine Andrews, Oakwyn Realty Ltd.
Realtor's description
Experience downtown living where the city itself is the amenity. Located at 1249 Granville Street, this 1-bedroom, 1-bathroom home places Vancouver's best restaurants, cafés, shopping, entertainment, transit and the seawall just steps away. One of the few buildings that permits short term rentals, it offers exceptional flexibility for investors or those seeking income potential, while also making an ideal pied-à-terre or full-time residence. Facing the quiet side of the building, you'll enjoy a more peaceful setting along with your own private outdoor space a rare feature not found in every unit. Thoughtfully designed to maximize functionality in one of Vancouver's most walkable locations, this is an opportunity to own in the heart of downtown while enjoying the flexibility today's buyers are looking for.
Property details
- Type
- Condo, Single Family
- Bedrooms
- 1
- Bathrooms
- 1
- Living area
- 592 sq ft
- Parking
- 1
- Year built
- 2003
- Property tax
- $2,032 / yr
- Strata fee
- $361 / mo ($0.61 / sq ft)
- Strata rules
- Pets Allowed With Restrictions
- Days on market
- 51
- MLS®
- R3156380
Features
- Central location
- Pets Allowed With Restrictions
- All
Monthly cost
$3,315/mo
Mortgage $2,784 · Tax $169 · Strata $361
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
- $2,112/mo
- After all costs
- −$1,407/mo
- Cap rate
- 2.6%
- yearly net rent ÷ price
Costs: mortgage $2,784 · tax $169 · strata $361 · insurance ~$35 · vacancy 3% · upkeep 5%.
Rent starts at CMHC's average for a 1-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
VancouverGoogle Maps ↗
Schools
Catchment schools, Vancouver School Board
- Elementary Elsie Roy Elementaryhomes in this catchment
600 m away · 150 Drake St, Vancouver · 604-713-5890
- Secondary King George Secondaryhomes in this catchment
1.6 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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