House
$1,399,000
33% less per sq ft2560 ADANAC STREET
Vancouver51 days on market
MLS® R3156817
1 / 40
2 bed · 2 bath · 1,211 sq ft · 2 parking
Condo · Single Family · built 1994 · 51 days on market
Listed by Anil Biswal, eXp Realty of Canada Inc.
Open house · Wednesday, October 14, 2pm–5pm
Realtor's description
Waterfront views at Governor's Tower, an iconic signature residence by Concord Pacific in the heart of Yaletown. This spacious home offers 1,210 square ft plus a rare balcony - one of the few in the building. False Creek water and David Lam Park views from the living room, office and balcony. Inside: 2 bedrooms, 2 baths, and two separate flex rooms - a generously sized den plus a dedicated office - genuine versatility for guests or working from home, with an open layout and abundant natural light. 2 parking and 1 storage locker included. Amenities include concierge, newly renovated indoor pool, hot tub, sauna, gym, and garden courtyard, insuite laundary.Steps to the Seawall,Elsie Roy Elementary, Roundhouse Community Arts, Canada line. OPEN HOUSE Wednesday 23 Sept 2-5 pm
Property details
- Type
- Condo, Single Family
- Bedrooms
- 2
- Bathrooms
- 2
- Living area
- 1,211 sq ft
- Parking
- 2
- Year built
- 1994
- Property tax
- $4,465 / yr
- Strata fee
- $986 / mo ($0.81 / sq ft)
- Strata rules
- Pets Allowed, Pets Allowed With Restrictions, Rentals Allowed With Restrictions
- Days on market
- 51
- MLS®
- R3156151
Features
- Pets Allowed
- Pets Allowed With Restrictions
- Rentals Allowed With Restrictions
- All
Floor plans
Found among the listing photos.
Monthly cost
$6,565/mo
Mortgage $5,207 · Tax $372 · Strata $986
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
- $3,258/mo
- After all costs
- −$3,603/mo
- Cap rate
- 1.6%
- yearly net rent ÷ price
Costs: mortgage $5,207 · tax $372 · strata $986 · insurance ~$35 · vacancy 3% · upkeep 5%.
Rent starts at CMHC's average for a 2-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
VancouverGoogle Maps ↗
Schools
Catchment schools, Vancouver School Board
- Elementary Elsie Roy Elementaryhomes in this catchment
200 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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