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$1,779,000

P1 1038 W 7TH AVENUE

Vancouver · MLS® R3162608

2 bed · 2 bath · 1,403 sq ft · 2 parking

Condo · Single Family · built 1987 · 31 days on market

Listed by Matt Kerr, Stilhavn Real Estate Services

Realtor's description

This stunning, 2 bedroom & den VIEW, penthouse at The Santorini is an entertainer's dream. The spacious, open-concept, Mediterranean-inspired living area opens to expansive, wraparound, multi-level decks overlooking the water, city & mountains. Completely updated & impeccably maintained over the years - expanded loft, new decking, new European windows & doors, power blinds, updated bathrooms, full laundry room & great storage. Enter your private garage from the lane & up 1 flight to your gorgeous home. 2nd parking in the parkade & a big locker. Boutique 14 home strata on a quiet, non-thru section of W.7th - easy stroll over the Laurel St walkway to the Seawall, Granville Island, shops, reataurants, groceries and transit. Viewings by appointment. Easy to show with 1 day notice.

Property details

Type: Condo, Single Family
Bedrooms: 2
Bathrooms: 2
Living area: 1,403 sq ft
Parking: 2
Year built: 1987
Property tax: $5,638 / yr
Strata fee: $788 / mo ($0.56 / sq ft)
Strata rules: Pets Allowed With Restrictions
Days on market: 31
MLS®: R3162608

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

Features

Central location
Treed
Pets Allowed With Restrictions
All

Floor plans

Found among the listing photos.

Price check

Above typical for the area (+24%)

2026 assessment: $1,676,000 · asking is +6.1%
Price per sq ft: $1,268 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 31 days · no price changes so far

The market here

Listed now: 38 days; median for 2212 condos for sale; this one 31 days

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

Property tax by year

Year	Assessed	Est. tax
2026	$1,676,000	$5,636

The listing shows $5,638 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

$9,009/mo

Mortgage $7,751 · Tax $470 · Strata $788

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

estimated payment

$7,751/ monthly

loan $1,423,200

25-year amortization

down payment20% · $355,80020%+ 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: $902,080
property transfer tax: $33,580; BC general rate
cash to close: $389,380; down + PTT
total paid: $2,325,280

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: $2,506/mo
After all costs: −$6,738/mo
Cap rate: 0.7%; yearly net rent ÷ price

Rent / moDown payment %Rate %

Costs: mortgage $7,751 · tax $470 · strata $788 · insurance ~$35 · vacancy 3% · upkeep 5%.

Rent starts at CMHC's average for a 2-bedroom in South Granville/Oak, 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: 765 m² (8,234 sq ft) · PID 005-904-862. From ParcelMap BC; property lines are approximate, a survey is the legal boundary.

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Location

VancouverGoogle Maps ↗

Schools

Catchment schools, Vancouver School Board

Elementary False Creek Elementaryhomes in this catchment
200 m away · 900 School Green, Vancouver · 604-713-4959
Secondary Kitsilano Secondaryhomes in this catchment
2.6 km away · 2706 Trafalgar St, Vancouver · 604-713-8961

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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