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$879,900

902 1200 ALBERNI STREET

Vancouver · MLS® R3147067

All units at 1200 Alberni St →

2 bed · 2 bath · 888 sq ft · 2 parking

Condo · Single Family · built 1996 · 85 days on market

Listed by Bryna Ong, Sutton Group - 1st West Realty

Realtor's description

Welcome to **The Palisades**, an iconic James Cheng-designed landmark perfectly situated in the heart of downtown Vancouver. This beautifully maintained 2-bedroom + den, 2-bathroom residence offers an exceptional layout along with the rare convenience of **2 parking stalls**. Enjoy an unbeatable lifestyle just steps from Robson Street's world-class shopping and dining, Urban Fare, Stanley Park, the Seawall, Coal Harbour, and convenient rapid transit with direct access to YVR Airport. Whether you're entertaining, working from home, or simply enjoying everything downtown has to offer, this move-in-ready home combines timeless design, comfort, and an unbeatable location in one of Vancouver's most sought-after buildings.

Property details

Type: Condo, Single Family
Bedrooms: 2
Bathrooms: 2
Living area: 888 sq ft
Parking: 2
Year built: 1996
Property tax: $2,972 / yr
Strata fee: $710 / mo ($0.80 / sq ft)
Strata rules: Pets Allowed With Restrictions, Rentals Allowed With Restrictions
Days on market: 85
MLS®: R3147067

Buying in a building from 1982 to 2000: what to read first

Features

Central location
Elevator
Pets Allowed With Restrictions
Rentals Allowed With Restrictions
All

Price check

Typical for the area (-2.9%)

2026 assessment: $840,000 · asking is +4.8%
Price per sq ft: $991 vs $1,020 median for condos in Vancouver for sale (2041)

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 85 days · no price changes so far

The market here

Listed now: 38 days; median for 2212 condos for sale; this one 85 days

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

Property tax by year

Year	Assessed	Est. tax
2026	$840,000	$2,825

The listing shows $2,972 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

$4,791/mo

Mortgage $3,834 · Tax $248 · Strata $710

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

estimated payment

$3,834/ monthly

loan $703,920

25-year amortization

down payment20% · $175,98020%+ 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: $446,172
property transfer tax: $15,598; BC general rate
cash to close: $191,578; down + PTT
total paid: $1,150,092

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: $2,874/mo
After all costs: −$2,182/mo
Cap rate: 2.3%; yearly net rent ÷ price

Rent / moDown payment %Rate %

Costs: mortgage $3,834 · tax $248 · strata $710 · insurance ~$35 · vacancy 3% · upkeep 5%.

Rent starts at CMHC's average for a 2-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

The building's lot: 5,509 m² (59,298 sq ft) · PID 023-485-795. 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 cəw̓as Ch’elxwá7elch Skwuláw̓txw Seaside Elementaryhomes in this catchment
Secondary King George Secondaryhomes in this catchment
800 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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