Property Type: Condo / ApartmentOwnership: Strata

2705 488 SW MARINE DRIVE

Vancouver, BC V5X0C6

$558,000

1 bed1 bath1 parking488 sqftBuilt 2015
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Amenities

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
$1,733.42 (2024)

Interior

Heating
Baseboard heaters
Fireplace
None

Parking

Total spaces
1 — uncovered indicated
Features
Underground

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®
R3017801
Listed
June 19, 2025
Time on market
On the market for 438 days
Tax assessment year
2024
Data last synced
August 28, 2026

Listing provided by: 1NE Collective Realty Inc. · Data source: CREA DDF.

Description

Welcome to Marine Gateway - Urban Living at Its Best! This efficient and well-designed 1 Bedroom, 1 Bathroom home offers open-concept living, sleek finishes, and stunning city views at one of South Vancouver´s most convenient and vibrant communities. Direct access to Marine Drive SkyTrain Station - just minutes to Downtown, Richmond, and YVR. T&T Supermarket, Cineplex, restaurants, banks & shops right downstairs. Close to Winona Park, Langara Golf Course, Langara College, and more! Enjoy everything you need at your doorstep in a growing, transit-oriented neighborhood that offers unbeatable walkability and connectivity (id:63159)

Values & Trends

This listing

$1,143/sqft

Building average

$1,049/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 ColibrisElementary273 m
J.W. Sexsmith Community ElementaryElementary973 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 267 m
Marine Drive Station @ Platform 177 m
Marine Drive Station @ Platform 288 m
Marine Drive Station @ Bay 1117 m
Eastbound SW Marine Dr @ Ash St201 m

Nearby Places

Restaurants (4)

  • Kinton Ramen · 434 Southwest Marine Drive28 m
  • Neptune Palace Seafood Restaurant · 470 Southwest Marine Drive48 m
  • Smart N Save Cafe · 470 Southwest Marine Drive65 m
  • Fortune Terrace JOY CAFE · 525 Southwest Marine Drive158 m

Cafes (5+)

  • Starbucks · 472 Southwest Marine Drive64 m
  • Tim Hortons · 487 Interurban Way87 m
  • Bubble Waffle Cafe · 495 Southwest Marine Drive95 m
  • CoCo Fresh Tea & Juice · 491 Southwest Marine Drive103 m
  • Starbucks · 8201 Ontario Street664 m

Grocery (1)

  • 大統華 T&T Supermarket · 458 Southwest Marine Drive31 m

Parks (3)

  • Ash Park255 m
  • Unnamed358 m
  • Winona Park629 m

Shopping (3)

  • Winners · 458 Southwest Marine Drive14 m
  • Canadian Tire · 8277 Ontario Street611 m
  • Marshalls · 8137 Ontario Street655 m

Gyms (1)

  • Fitness World · 452 Southwest Marine Drive41 m

Pharmacies (1)

  • Shoppers Drug Mart · 432 Southwest Marine Drive36 m

Banks & ATMs (5+)

  • TD · 446 Southwest Marine Drive22 m
  • Unnamed23 m
  • BMO · 480 Southwest Marine Drive49 m
  • CIBC · 496 Southwest Marine Drive64 m
  • RBC Royal Bank · 445 Southwest Marine Drive84 m

Nearby places data: © OpenStreetMap contributors.

School district: Vancouver (SD39)

Mortgage & Ownership Cost Calculator

Minimum required: 5.5% ($30,800) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$446,400.00
Periodic payment — Principal & Interest (monthly)$2,880.02
Additional monthly expenses (strata, tax, utilities, etc.)$515.67
Total monthly cost$3,395.69
Interest paid over 5-yr term$127,939.52
Balance at end of term$401,538.24

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$30,800
Stress test qualifying rate8.09%
Payment you must qualify for$4,053.98

Cash Needed at Closing

Minimum down payment$30,800
Estimated BC PTT$9,160
Legal / closing costs (typical estimate)$1,500
Total cash needed$41,460

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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