1 bed · 1 bath · 560 sq ft · 1 parking
Condo · Single Family · built 1971 · 63 days on market
Listed by Christine Chong, Unilife Realty Inc.
Realtor's description
Welcome to Lancaster Gate! A well-managed pre-paid leasehold to 2073. Updated 1-bedroom leasehold with parking and storage in the heart of the West End! This bright South facing unit offers a well-designed layout with excellent storage, a spacious living room, updated kitchen, and generous bedroom. Enjoy open southwest city views with partial views of English Bay from the balcony, hardwood flooring, paint, and kitchen. Monthly fee includes heat, hot water, property taxes, management, caretaker, outdoor pool and shared laundry. 1 parking and 1 storage locker are included. Rentals allowed! Just steps to English Bay, Stanley Park, Denman Street, shopping, restaurants and much more!
Property details
- Type
- Condo, Single Family
- Bedrooms
- 1
- Bathrooms
- 1
- Living area
- 560 sq ft
- Parking
- 1
- Year built
- 1971
- Strata fee
- $575 / mo ($1.03 / sq ft)
- Strata rules
- Pets not Allowed
- Days on market
- 63
- MLS®
- R3153909
Features
- Central location
- Elevator
- Pets not Allowed
- Refrigerator
- Stove
Monthly cost
20% down at 4.34% fixed (Ratehub.ca), 25 years; strata fee from the listing.
If you rented it out
- Rent
- $1,890/mo
- After all costs
- −$478/mo
- Cap rate
- 3.7%
- yearly net rent ÷ price
Costs: mortgage $1,607 · strata $575 · insurance ~$35 · vacancy 3% · upkeep 5%.
Rent starts at CMHC's average for a 1-bedroom in West End, 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 Roberts Elementaryhomes in this catchment
300 m away · 1100 Bidwell St, Vancouver · 604-713-5055
- Secondary King George Secondaryhomes in this catchment
100 m 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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