Open houseCondo
$869,000
402 1788 ONTARIO STREET
Vancouver4 days on market
MLS® R3172423
1 / 22
2 bed · 2 bath · 796 sq ft · 1 parking
Condo · Single Family · built 1999 · 177 days on market
Listed by Rob Allegrini, Team 3000 Realty Ltd.
Realtor's description
Welcome to the Galileo, located in the heart of Downtown. CORNER unit faces southwest & southeast. 2 bed + den, 2 bath. 1 PARKING, 1 BIKE Stall. In-Suite LAUNDRY. One PET allowed. Building has had upgrades including a newer roof and plumbing repiping. Very nicely landscaped outdoor front entry space. Amenities: Rec/exercise facilities, HOT tub, SAUNA room, PARTY room, billiard room, Caretaker & SECURITY. Walking distance: shops, restaurants, BC Place, Vancouver Public Library, and the Yaletown community! WALKSCORE: 99!
Property details
- Type
- Condo, Single Family
- Bedrooms
- 2
- Bathrooms
- 2
- Living area
- 796 sq ft
- Parking
- 1
- Year built
- 1999
- Property tax
- $2,261 / yr
- Strata fee
- $627 / mo ($0.79 / sq ft)
- Strata rules
- Pets Allowed With Restrictions, Rentals Allowed With Restrictions
- Days on market
- 177
- MLS®
- R3111683
Features
- Central location
- Elevator
- Pets Allowed With Restrictions
- Rentals Allowed With Restrictions
- All
Floor plans
Found among the listing photos.
Monthly cost
$4,083/mo
Mortgage $3,268 · Tax $188 · Strata $627
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
- −$1,121/mo
- Cap rate
- 3.4%
- yearly net rent ÷ price
Costs: mortgage $3,268 · tax $188 · strata $627 · 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 šxʷwəq̓ʷəθət Crosstown Elementaryhomes in this catchment
- Secondary King George Secondaryhomes in this catchment
1.9 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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