Property Type: Condo / ApartmentOwnership: StrataNEW LISTING

1204 989 NELSON STREET

Vancouver, BC V6Z2S1

$650,000

2 bed1 bath0 parking641 sqftBuilt 1995
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Amenities

Gym

Also listed: Shared Laundry, Guest Suite

Property Details

Property & Lot

Sub-type
Apartment

Ownership & Fees

Property type
Condo / Apartment
Ownership
Strata
Strata / maintenance fee
$665/mo
Annual property tax
$2,025.1 (2026)

Interior

Heating
Forced air
Cooling / A/C
Air Conditioned
Fireplace
None
Appliances
Dishwasher, Stove

Exterior & Lot

View
View
Lot features
Elevator

Building

Parcel ID (PID)
019-178-409

Parking

Total spaces
0

Restrictions & Policies

Pets
Not allowed
Rentals
Allowed with restrictions

As reported by the listing board — always confirm current bylaws with the strata or landlord before relying on this.

Listing Information

MLS®
R3159897
Listed
August 31, 2026
Time on market
Listed today
Tax assessment year
2026
Data last synced
August 31, 2026

Listing provided by: Real Broker · Data source: CREA DDF.

Description

Welcome to #1204 in the iconic Electra Building at 989 Nelson Street - Investor Alert! Tastefully renovated 2 bed 1 bath. New floors, paint, kitchen with quartz backsplash and touch-sensor faucet, plus a fully tiled bathroom. Sun-filled with stunning city views, A/C and heat, and free in-suite comfort year-round. The building? Unbeatable walk score! Steps to transit, dining & entertainment. A rare blend of character, convenience, and modern upgrades in one of the most iconic buildings Downtown Vancouver has to offer. Outdoor-grill amenity room, pool table, lounge with free Wi-Fi (perfect to cowork in!), gym, dry sauna, theatre room, bike room, and free shared laundry on every floor. Three high-speed elevators, on-site manager, guest suites for visitors, same-floor storage, AirBnb friendly! (id:63159)

Values & Trends

This listing

$1,014/sqft

Building average

$987/sqft

3 active listing(s)

Vancouver average

$1,094/sqft

2087 active listing(s)

Parking: Not indicatedStorage locker: Not indicated

Per-stall/locker dollar values aren't itemized in our data source — shown as included/not indicated only, not a fabricated estimate. $/sqft averages are computed live from other active listings, not a third-party model.

Apartment Market Stats — Vancouver

Monthly figures from the Fraser Valley Real Estate Board for Vancouver apartmentlistings — not specific to this property.

MLS® HPI Benchmark Price

$729,200

Jul 2026

Average Sale Price

$892,419

Jul 2026

Monthly Sales

342

Jul 2026

Active Listings

2,222

Jul 2026

Sales-to-Active Ratio

15.0%

Jul 2026

Median Days to Contract

25 days

Jul 2026

MLS® HPI Benchmark Price

$820,100
$729,200
Aug '21Aug '22Aug '23Aug '24Aug '25Jul '26

Source: Fraser Valley Real Estate Board (FVREB).

Location Insights

Weather

Clear

17°C

Clear

Humidity 100%

Wind WNW 13 km/h

Tonight

14°

Tuesday

20°

Tuesday night

15°

Wednesday

19°

Wednesday night

14°

Thursday

17°

Source: Environment and Climate Change Canada.

Population

662,248

(2021 Census)

+4.9% since 2016

Density: 5,749.7/km²

Dwellings: 328,347

Median household income: $82,000

After-tax: $72,000

Immigrant population: 42.2%

Top countries of origin (% of total population)

  • China9.6% · 63,270
  • Philippines4.5% · 29,925
  • Hong Kong3.8% · 25,485
  • India2.2% · 14,640
  • United Kingdom1.9% · 12,895
  • Viet Nam1.8% · 12,115
  • Taiwan1.5% · 9,865
  • United States of America1.5% · 9,790

Source: Statistics Canada, 2021 Census of Population.

Location Accessibility

Our own metric — not an official Walk Score®.

Amenities

78

8/9 categories nearby

Transit

33

5 stop(s) within 800m

How this is calculated

Amenities: points awarded per category (restaurants, cafes, grocery, parks, shopping, gyms, pharmacies, banks/ATMs, healthcare) based on distance to the nearest one — 3 points under 200m, 2 points under 500m, 1 point under 800m — summed across all 9 categories and scaled to 0–100.

Transit: based on the number of transit stops within 800m and their mode (SkyTrain weighted highest, then streetcar/ferry, then bus). This reflects stop type and count only — our data doesn't include how often a route actually runs, so frequency is never factored in.

Both scores depend on how much of the surrounding area has been synced from OpenStreetMap and TransLink's GTFS feed. A lower score can mean fewer amenities nearby, or simply that this area hasn't been fully synced yet — not a confident measurement of the location itself.

Nearby Schools

SchoolTypeDistance
Pattison High School(Independent)Secondary46 m
Claren Academy(Independent)Elementary574 m
Anchor Point Montessori(Independent)Elementary616 m
Columbia Academy(Independent)Secondary748 m
Franklin School(Independent)Secondary749 m
Lowell High School(Independent)Secondary763 m
Alexander Academy(Independent)Secondary945 m
Elsie Roy ElementaryElementary1.0 km

Schools shown by distance from this property. This does not indicate school catchment or enrollment eligibility — contact the school district to confirm catchment boundaries.

Nearby Transit

StopTypeDistance
Southbound Burrard St @ Nelson St91 m
Southbound Burrard St @ Barclay St97 m
Northbound Burrard St @ Comox St102 m
Northbound Burrard St @ Smithe St157 m
Southbound Howe St @ Nelson St184 m

Nearby Places

Restaurants (5+)

  • oyo Korean Noodles · 991 Hornby Street59 m
  • Shizen Ya · 965 Hornby Street62 m
  • Sushi Today · 989 Hornby Street62 m
  • Cafe One94 m
  • Taylight · 990 Smithe Street113 m

Cafes (5+)

  • The Alley · 985 Hornby Street62 m
  • C4U Cafe · 955 Burrard Street74 m
  • Trees Organic Coffee · 930 Burrard Street92 m
  • Wall Flowers95 m
  • Beyond Coffee · 1015 Burrard Street119 m

Grocery (5+)

  • IGA · 909 Burrard Street112 m
  • El Paisano · 931 Davie Street351 m
  • Nesters Market · 990 Seymour Street393 m
  • Mi Tierra Latina · 1104 Davie Street464 m
  • H Mart · 590 Robson Street478 m

Parks (5+)

  • Nelson Park361 m
  • Robson Square370 m
  • Emery Barnes Park517 m
  • Rainbow Park (sθәqәlxenәm ts'exwts'áxwi7) · 872 Richards Street533 m
  • Unnamed584 m

Shopping (5+)

  • Muji · 1125 Robson Street429 m
  • Oomomo Japan Living · 1144 Robson Street441 m
  • Vancouver Centre · 753 Seymour Street536 m
  • CF Pacific Centre · 701 West Georgia Street593 m
  • Winners · 660 Granville Street646 m

Gyms (5+)

  • Club Pilates · 941 Hornby Street83 m
  • Yyoga Downtown Flow · 888 Burrard Street174 m
  • Studeo · 856 Hornby Street214 m
  • Fitness World · 1214 Howe Street441 m
  • Oxygen Yoga & Fitness · 525 Smithe Street470 m

Pharmacies (5+)

  • Howe Street Pharmacy · 1070 Howe Street255 m
  • Pharmasave · Burrard Street316 m
  • Shoppers Drug Mart · 748 Burrard Street337 m
  • Granville Pharmacy · 1146 Granville Street407 m
  • Shoppers Drug Mart · 1125 Davie Street450 m

Banks & ATMs (5+)

  • Oscar's Smoke Shop - Bitcoin Well ATM · 951 Hornby Street70 m
  • RBC Royal Bank · 1010 Hornby Street128 m
  • Bitcoiniacs Bitcoin ATM216 m
  • Unnamed270 m
  • Unnamed298 m

Nearby places data: © OpenStreetMap contributors.

School district: Vancouver (SD39)

Mortgage & Ownership Cost Calculator

Minimum required: 6.2% ($40,000) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$520,000.00
Periodic payment — Principal & Interest (monthly)$3,354.86
Additional monthly expenses (strata, tax, utilities, etc.)$865.42
Total monthly cost$4,220.28
Interest paid over 5-yr term$149,033.49
Balance at end of term$467,741.68

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$40,000
Stress test qualifying rate8.09%
Payment you must qualify for$4,690.69

Cash Needed at Closing

Minimum down payment$40,000
Estimated BC PTT$11,000
Legal / closing costs (typical estimate)$1,500
Total cash needed$52,500

Minimum down payment: 5% on the first $500,000, 10% on the portion up to $1.5M, 20% at/above $1.5M. Stress test: OSFI's minimum qualifying rate, the greater of contract rate + 2% or 5.25% — this is what lenders require you to qualify at, not what you'll actually pay. Closing costs are a typical-range estimate, not a quote — actual legal fees vary. Verify all figures with a mortgage broker and lawyer before relying on them.

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