701 1318 HOMER STREET
Vancouver · MLS® R3106441
3 bed · 2 bath · 1,247 sq ft · 2 parking
Condo · Single Family · built 1995 · 188 days on market
Listed by Hayley Yip, Grand Central Realty
Realtor's description
WELL KNOWN ONE OF CONCORD'S EARLY PROJECT - GOVERNOR VILLA. THIS 3 BEDROOMS + ENCLOSED BALCONY + DEN COME WITH 2 PARKINGS AND A STORAGE LOCKER. FACING SOUTH TO DAVID LAM PARK AND VIEW OF FALSE CREEK! YALETOWN LOCATION CLOSE TO TRANSIT, SHOPPING, URBAN FARE, ALL TYPES OF RESTRAURANTS, ROUNDHOUSE COMMUNITY CENTER AND SEA WALL. FULL FACILITIES WITH INDOOR HEATED POOL, HOT TUB, SAUNA, EXCERCISE CENTER, GARDEN, PLAYROUND, SECURE UNDERGROUND PARKINGS AND 24 HOURS CONCIERGE. CALL NOW TO SHOW. ALL MEASUREMENTS ARE APPROXIMATELY.
Property details
- Type
- Condo, Single Family
- Bedrooms
- 3
- Bathrooms
- 2
- Living area
- 1,247 sq ft
- Parking
- 2
- Year built
- 1995
- Property tax
- $3,774 / yr
- Strata fee
- $1,010 / mo ($0.81 / sq ft)
- Strata rules
- Pets Allowed With Restrictions
- Days on market
- 188
- MLS®
- R3106441
Features
- Elevator
- Pets Allowed With Restrictions
- All
Floor plans
Found among the listing photos.
Monthly cost
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
- $5,081/mo
- After all costs
- −$1,861/mo
- Cap rate
- 3.3%
- yearly net rent ÷ price
Costs: mortgage $5,176 · tax $315 · strata $1,010 · insurance ~$35 · vacancy 3% · upkeep 5%.
Rent starts at CMHC's average for a 3+ 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
Schools
Catchment schools, Vancouver School Board
- Elementary Elsie Roy Elementaryhomes in this catchment
300 m away · 150 Drake St, Vancouver · 604-713-5890
- Secondary King George Secondaryhomes in this catchment
2.0 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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