606 1661 Ontario Street

20% down at 4.44% fixed (Ratehub.ca), 25 years; tax from the listing; strata fee from the listing.

rent

$1,960/mo

after all costs

−$3,056/mo

cap rate

1.2%

yearly net rent ÷ price

Costs: mortgage $3,957 · tax $246 · strata $621 · insurance ~$35 · vacancy 3% · upkeep 5%.

Rent is today's market rent for a 1-bedroom in Mount Pleasant/Renfrew Heights, Vancouver: CMHC's average there ($1,704) raised by what new tenants pay against everyone in the Vancouver area, then down 1.5% 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.

Rapid transit: Main Street–Science World SkyTrain station, 400 m (about 7 min walk); Olympic Village SkyTrain station, 900 m (about 14 min walk).

Estimated tax up 3.3% from 2025 to 2026.

The listing shows $2,951 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.

listed now

46 days

median for 2080 condos for sale; this one 16 days

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

the building's lot: 5,794 m² (62,366 sq ft) · PID 028-830-938. from ParcelMap BC; property lines are approximate, a survey is the legal boundary.

Rapid transit: Main Street–Science World SkyTrain station, 400 m (about 7 min walk); Olympic Village SkyTrain station, 900 m (about 14 min walk).