Property Type: Condo / ApartmentOwnership: Strata

502 1012 BEACH AVENUE

Vancouver, BC V6E1T7

$1,549,000

2 bed2 bath3 parking1,587 sqftBuilt 1991
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Amenities

Gym

Also listed: Recreation Centre, Laundry - In Suite

Property Details

Property & Lot

Sub-type
Apartment

Ownership & Fees

Property type
Condo / Apartment
Ownership
Strata
Strata / maintenance fee
$1,245/mo
Annual property tax
$4,402.99 (2025)

Interior

Heating
Baseboard heaters, Electric, Natural gas
Fireplace
None

Exterior & Lot

View
View
Waterfront
Waterfront
Pool
Indoor pool

Parking

Total spaces
3 — uncovered indicated
Features
Underground, Visitor Parking

Restrictions & Policies

Pets
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®
R3139976
Listed
June 25, 2026
Time on market
On the market for 67 days
Tax assessment year
2025
Data last synced
August 28, 2026

Listing provided by: Sotheby's International Realty Canada · Data source: CREA DDF.

Description

NEW PRICE! WATERFRONT OPPORTUNITY on the SEAWALL! 1st time on the market this spacious 2 bedroom, 2 bath features over 1600 SF of living space. Southeast facing great room combines living, dining plus family area perched over the 1000 Beach Marina with unobstructed False Creek water views to Granville Island. Kitchen with eating area offers easy access to the sunny BBQ balcony. King size Primary bedroom with ensuite and large walk in closet enjoys the ocean breezes and West views to Sunset Beach. Generous 2nd bedroom with built-in office also overlooks the water to the West. Full size laundry room provides added storage. Value 3 parking stalls plus a locker. Pets and rentals allowed. Great amenities -concierge, pool, sauna, gym & squash. Bring your design ideas & create your dream home! (id:63159)

Values & Trends

This listing

$976/sqft

Building average

No other active listings in this building

Vancouver average

$1,094/sqft

2087 active listing(s)

Parking: 3 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

63

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
Anchor Point Montessori(Independent)Elementary349 m
Pattison High School(Independent)Secondary910 m
Claren Academy(Independent)Elementary995 m
Elsie Roy ElementaryElementary1.0 km
Henry Hudson ElementaryElementary1.1 km
False Creek ElementaryElementary1.2 km
Lord Roberts ElementaryElementary1.3 km
Vancouver Alternate SchoolSecondary1.4 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
Westbound Beach Ave @ Thurlow St238 m
Westbound Beach Ave @ Howe St253 m
Eastbound Pacific St @ Hornby St270 m
Eastbound Pacific St @ Thurlow St289 m
Northbound Burrard St @ Pacific St298 m

Nearby Places

Restaurants (5+)

  • Hoshi · 1010 Beach Avenue21 m
  • Beach Ave Bar & Grill · 1012 Beach Avenue36 m
  • Ling Kitchen & Bar · 1018 Beach Avenue43 m
  • GO Canada254 m
  • Ancora · 1600 Howe Street281 m

Cafes (5+)

  • The Grind · 1006 Beach Avenue78 m
  • inBtwn Cafe · 1625 Hornby Street153 m
  • The Blue Parrot Coffee · 1689 Johnston Street319 m
  • Petit Ami · 1689 Johnston Street361 m
  • Yet's Cafe · 1312 Burrard Street365 m

Grocery (5+)

  • Fresh Street Market · 1423 Continental Street351 m
  • Sashimiya · 1348 Hornby Street368 m
  • Mi Tierra Latina · 1104 Davie Street582 m
  • El Paisano · 931 Davie Street602 m
  • Farm to Table · 1312 Richards Street692 m

Parks (5+)

  • Sunset Beach Park225 m
  • May & Lorne Brown Park243 m
  • Vanier Park519 m
  • Unnamed552 m
  • George Wainborn Park567 m

Shopping (1)

  • Kids Market · 1496 Cartwright Street616 m

Gyms (5+)

  • Dynasty Gym/CrossFit Palace · 1449 Hornby Street215 m
  • Fitness World · 1214 Howe Street605 m
  • Club Viva · 428 Pacific Street721 m
  • False Creek Community Fitness Centre726 m
  • Everyday Athletes · 1271 Homer Street786 m

Pharmacies (5+)

  • London Drugs · 1431 Continental Street347 m
  • Pure Integrative Pharmacy · 1285 Hornby Street473 m
  • Yale I.D.A. Pharmacy · 1284 Granville Street584 m
  • Shoppers Drug Mart · 1295 Seymour Street613 m
  • Pharmasave · Burrard Street627 m

Banks & ATMs (5+)

  • Scotiabank · 1408 Continental Street380 m
  • Bitcoin ATM Localcoin · 1253 Burrard Street426 m
  • Vancity465 m
  • RBC465 m
  • TD · 1200 Burrard Street532 m

Nearby places data: © OpenStreetMap contributors.

School district: Vancouver (SD39)

Mortgage & Ownership Cost Calculator

Minimum required: 20.0% ($309,800) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$1,239,200.00
Periodic payment — Principal & Interest (monthly)$7,994.90
Additional monthly expenses (strata, tax, utilities, etc.)$1,690.72
Total monthly cost$9,685.61
Interest paid over 5-yr term$355,158.28
Balance at end of term$1,114,664.41

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$309,800
Stress test qualifying rate8.09%
Payment you must qualify for$9,529.01

Cash Needed at Closing

Minimum down payment$309,800
Estimated BC PTT$28,980
Legal / closing costs (typical estimate)$1,500
Total cash needed$340,280

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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