688 E 16th Avenue

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

rent

$2,840/mo

after all costs

−$1,527/mo

cap rate

2.8%

yearly net rent ÷ price

Costs: mortgage $3,267 · tax $223 · strata $614 · insurance ~$35 · vacancy 3% · upkeep 5%.

Rent is today's market rent for a 2-bedroom in Mount Pleasant/Renfrew Heights, Vancouver: CMHC's average there ($2,512) 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.

Catchment schools, Vancouver School Board

• Elementary Nightingale Elementaryhomes in this catchment

  500 m away · 2740 Guelph St, Vancouver · 604-713-5290

• Secondary Sir Charles Tupper Secondaryhomes in this catchment

  800 m away · 419 24th Ave E, Vancouver · 604-713-8233

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.