1 / 26

$1,249,000

70 W 1ST AVENUE

Vancouver · MLS® R3162490

2 bed · 3 bath · 1,141 sq ft · 1 parking

Townhouse · Single Family · built 2015 · 31 days on market

Listed by Eyal Pevzner, Oakwyn Realty Ltd.

Realtor's description

Welcome to Olympic Village! Modern style meets everyday function in this rarely available 2 bdrm + office (or 3rd bdrm), 2.5 bathroom, air-conditioned townhome. The home offers a fantastic layout with floor-to-ceiling windows, hardwood floors, premium stainless steel appliances, generous kitchen pantry and storage. Upstairs are 2 bdrms incl a primary suite w/spacious walkthrough closet & 5 piece bathroom featuring a soaker tub and separate shower. The main floor offers a flexible office or 3rd bdrm, plus additional space for storage. Enjoy exceptional amenities including a rooftop pool, hot tub, gym & party room. Steps to the SkyTrain, Seawall, grocery stores, cafés & restaurants, dog parks and more! 1 parking stall, storage locker & bike room in the bldg.

Property details

Type: Townhouse, Single Family
Bedrooms: 2
Bathrooms: 3
Living area: 1,141 sq ft
Parking: 1
Year built: 2015
Property tax: $4,054 / yr
Strata fee: $1,078 / mo ($0.94 / sq ft)
Strata rules: Pets Allowed
Days on market: 31
MLS®: R3162490

Features

Elevator
Pets Allowed

Floor plans

Found among the listing photos.

Price check

Typical for the area (+6.6%)

2026 assessment: $1,205,000 · asking is +3.7%
Price per sq ft: $1,095 vs $1,027 median for townhouses in Vancouver for sale (475)

An estimate from public BC Assessment records, registered sales and the listings for sale right now, not an appraisal. Condition, renovations, views and lot all move real value.

Property insights

On market 31 days · no price changes so far

The market here

Listed now: 45 days; median for 494 townhouses for sale; this one 31 days

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

Property tax by year

Year	Assessed	Est. tax
2026	$1,205,000	$4,052

The listing shows $4,054 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.

Monthly cost

$6,858/mo

Mortgage $5,442 · Tax $338 · Strata $1,078

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

estimated payment

$5,442/ monthly

loan $999,200

25-year amortization

down payment20% · $249,80020%+ down: no mortgage insuranceinterest rate4.34%Rates from Ratehub.ca (best 5-year fixed and variable), checked Oct 9, 2026. Semi-annual compounding; your lender's rate may differ.amortizationpayment frequency

total interest: $633,332
property transfer tax: $22,980; BC general rate
cash to close: $272,780; down + PTT
total paid: $1,632,532

Estimates only. Rates change daily and lenders qualify at the stress-test rate; first-time-buyer and newly-built PTT exemptions aren't applied. Talk to a mortgage broker before you offer.

If you rented it out

Rent: $2,512/mo
After all costs: −$4,722/mo
Cap rate: 0.7%; yearly net rent ÷ price

Rent / moDown payment %Rate %

Costs: mortgage $5,442 · tax $338 · strata $1,078 · insurance ~$175 · vacancy 3% · upkeep 5%.

Rent starts at CMHC's average for a 2-bedroom in Mount Pleasant/Renfrew Heights, 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

The building's lot: 4,300 m² (46,285 sq ft) · PID 029-700-591. From ParcelMap BC; property lines are approximate, a survey is the legal boundary.

VancouverGoogle Maps ↗

Location

VancouverGoogle Maps ↗

Schools

Catchment schools, Vancouver School Board

Elementary Fraser Elementaryhomes in this catchment
1.4 km away · 100 15th Ave W, Vancouver · 604-713-4946
Secondary Eric Hamber Secondaryhomes in this catchment
3.6 km away · 960 W. 33rd Avenue, Vancouver · 604-713-8927

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.

Keep private notes and ratings on homes you're considering. Sign in (email only) and they follow you to every device.