Property Type: Condo / ApartmentOwnership: Strata

2605 488 SW MARINE DRIVE

Vancouver, BC V5X0C6

$528,000

1 bed1 bath1 parking487 sqftBuilt 2015
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Amenities

Gym

Also listed: Laundry - In Suite

Property Details

Property & Lot

Sub-type
Apartment

Ownership & Fees

Property type
Condo / Apartment
Ownership
Strata
Strata / maintenance fee
$347/mo
Annual property tax
$1,783.64 (2025)

Interior

Heating
Baseboard heaters
Fireplace
None

Exterior & Lot

View
View

Parking

Total spaces
1 — uncovered indicated
Features
Underground, Visitor Parking

Restrictions & Policies

Pets
Allowed with restrictions
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®
R3091006
Listed
February 18, 2026
Time on market
On the market for 194 days
Tax assessment year
2025
Data last synced
August 28, 2026

Listing provided by: Royal Pacific Realty Corp. · Data source: CREA DDF.

Description

Welcome to Marine Gateway, Vancouver's vibrant new urban center, where convenience meets lifestyle. This stunning west-facing home on the 26th floor offers breathtaking water and mountain views. Located in a prime area, you'll find T&T Supermarket, the SkyTrain station, Cineplex, and a variety of retail stores just steps from your door. Featuring high-quality finishes, including wood flooring, gourmet cabinetry, stainless steel appliances, granite countertops, and Kohler fixtures. Only 10 minutes from both downtown Vancouver and Richmond, this property is ideal for investment or personal living. Don't miss this opportunity it's a must-see! Month to month tenanted. (id:63159)

Values & Trends

This listing

$1,084/sqft

Building average

$1,063/sqft

4 active listing(s)

Vancouver average

$1,094/sqft

2087 active listing(s)

Parking: 1 stall(s) includedStorage 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

15°C

Clear

Humidity 100%

Wind NW 5 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

85

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
des ColibrisElementary272 m
J.W. Sexsmith Community ElementaryElementary972 m
Sir Wilfrid Laurier ElementaryElementary1.2 km
Sir Winston Churchill SecondaryElementary1.3 km
Oakridge Montessori Children's Learning(Independent)Elementary1.5 km
David Lloyd George ElementaryElementary1.5 km
Pierre Elliott Trudeau ElementaryElementary1.5 km
Robert J Tait ElementaryElementary1.6 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
Marine Drive Station @ Bay 268 m
Marine Drive Station @ Platform 178 m
Marine Drive Station @ Platform 288 m
Marine Drive Station @ Bay 1118 m
Eastbound SW Marine Dr @ Ash St201 m

Nearby Places

Restaurants (4)

  • Kinton Ramen · 434 Southwest Marine Drive27 m
  • Neptune Palace Seafood Restaurant · 470 Southwest Marine Drive48 m
  • Smart N Save Cafe · 470 Southwest Marine Drive66 m
  • Fortune Terrace JOY CAFE · 525 Southwest Marine Drive159 m

Cafes (5+)

  • Starbucks · 472 Southwest Marine Drive65 m
  • Tim Hortons · 487 Interurban Way88 m
  • Bubble Waffle Cafe · 495 Southwest Marine Drive94 m
  • CoCo Fresh Tea & Juice · 491 Southwest Marine Drive102 m
  • Starbucks · 8201 Ontario Street664 m

Grocery (1)

  • 大統華 T&T Supermarket · 458 Southwest Marine Drive32 m

Parks (3)

  • Ash Park255 m
  • Unnamed357 m
  • Winona Park628 m

Shopping (3)

  • Winners · 458 Southwest Marine Drive13 m
  • Canadian Tire · 8277 Ontario Street611 m
  • Marshalls · 8137 Ontario Street655 m

Gyms (1)

  • Fitness World · 452 Southwest Marine Drive42 m

Pharmacies (1)

  • Shoppers Drug Mart · 432 Southwest Marine Drive35 m

Banks & ATMs (5+)

  • TD · 446 Southwest Marine Drive21 m
  • Unnamed24 m
  • BMO · 480 Southwest Marine Drive50 m
  • CIBC · 496 Southwest Marine Drive64 m
  • RBC Royal Bank · 445 Southwest Marine Drive83 m

Nearby places data: © OpenStreetMap contributors.

School district: Vancouver (SD39)

Mortgage & Ownership Cost Calculator

Minimum required: 5.3% ($27,800) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$422,400.00
Periodic payment — Principal & Interest (monthly)$2,725.18
Additional monthly expenses (strata, tax, utilities, etc.)$519.86
Total monthly cost$3,245.04
Interest paid over 5-yr term$121,061.05
Balance at end of term$379,950.17

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$27,800
Stress test qualifying rate8.09%
Payment you must qualify for$3,846.36

Cash Needed at Closing

Minimum down payment$27,800
Estimated BC PTT$8,560
Legal / closing costs (typical estimate)$1,500
Total cash needed$37,860

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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