Condo
$499,000
24% less per sq ft204 310 WATER STREET
Vancouverlisted today
MLS® R3174109
1 / 21
1 bed · 1 bath · 615 sq ft · 1 parking
Condo · Single Family · built 1995 · 107 days on market
Listed by Michael Ragosin, Heller Murch Realty
Realtor's description
Live in the heart of Yaletown at Park Plaza! This bright and efficient 658 sq.ft. 1 Bed + Den + Flex home offers a smart, functional layout with no wasted space perfect for first-time buyers or investors. Located on the 6th floor, enjoy abundant natural light and city/water views through expansive windows. The open-concept living and dining area flows into a well-designed kitchen, while the spacious bedroom fits a queen-sized bed. The den is ideal for a home office, and the flex space adds valuable storage. Enjoy peace of mind in this fully updated building with rainscreening, newer windows, re-piping, elevators, lobby, gym, and EV charging. Includes 1 parking & 1 locker. Offers as they come!
Property details
- Type
- Condo, Single Family
- Bedrooms
- 1
- Bathrooms
- 1
- Living area
- 615 sq ft
- Parking
- 1
- Year built
- 1995
- Property tax
- $2,080 / yr
- Strata fee
- $402 / mo ($0.65 / sq ft)
- Strata rules
- Pets Allowed
- Days on market
- 107
- MLS®
- R3139551
Features
- Central location
- Elevator
- Pets Allowed
- All
Monthly cost
$3,189/mo
Mortgage $2,613 · Tax $173 · Strata $402
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
- −$1,281/mo
- Cap rate
- 2.7%
- yearly net rent ÷ price
Costs: mortgage $2,613 · tax $173 · strata $402 · 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 šxʷwəq̓ʷəθət Crosstown Elementaryhomes in this catchment
- Secondary King George Secondaryhomes in this catchment
1.8 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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