Property Type: Condo / ApartmentOwnership: Strata

506 55 E CORDOVA STREET

Vancouver, BC V6A0A5

$824,900

1 bed2 bath1 parking1,011 sqftBuilt 2006
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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
$603/mo
Annual property tax
$2,810 (2025)

Interior

Heating
Baseboard heaters, Electric
Fireplace
None

Exterior & Lot

View
View

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®
R3149767
Listed
July 24, 2026
Time on market
On the market for 38 days
Tax assessment year
2025
Data last synced
August 28, 2026

Listing provided by: Dexter Realty · Data source: CREA DDF.

Description

Koret Loft-an iconic historic building in the heart of Gastown, originally built in the early 1900's was once a hardware & building supplies warehouse. Almost 100 years later, it is now a collection of live-work loft spaces, with exposed brick & wood beams throughout keeping the original character of the building intact. Each unit is unique & reflect an eclectic mix of authenticity & personalities. This unit features a dramatic over-height ceiling of 20 ft., oversized wood frame windows with views towards the Port Vancouver, spacious unit with 1.5 bath & a hidden built-in ladder to over 200sq.ft of loft storage space. Recent updates include newer stainless steel appliances, hot water-on-demand system. This unit comes with 1 secured parking. Come, create & realize your dream space today! (id:63159)

Values & Trends

This listing

$816/sqft

Building average

$738/sqft

2 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

74

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
šxʷwəq̓ʷəθət Crosstown ElementaryElementary489 m
Alexander Academy(Independent)Secondary768 m
Lord Strathcona Community ElementaryElementary836 m
Columbia Academy(Independent)Secondary865 m
Lowell High School(Independent)Secondary941 m
Franklin School(Independent)Secondary1.1 km
Columbia College(Independent)Secondary1.2 km
Claren Academy(Independent)Elementary1.5 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 E Cordova St @ Columbia St54 m
Eastbound W Cordova St @ Carrall St89 m
Eastbound E Cordova St @ Columbia St130 m
Eastbound W Hastings St @ Carrall St149 m
Westbound W Hastings St @ Carrall St163 m

Nearby Places

Restaurants (5+)

  • Gastronomy Gastown · 62 East Cordova Street48 m
  • Tekkaba · 68 East Cordova Street54 m
  • Skewers Souvlaki Pita Bar · 26 Powell Street80 m
  • Robba da Matti · 12 Powell Street82 m
  • Di Beppe · 8 West Cordova Street82 m

Cafes (5+)

  • Milano Espresso Lounge · 36 Powell Street78 m
  • Nelson the Seagull · 315 Carrall Street86 m
  • East Van Roasters · 319 Carrall Street89 m
  • Celeste Cafe · 99 Powell Street124 m
  • L'Apres Midi Patisserie131 m

Grocery (5+)

  • Eastend Grocers/Deli246 m
  • Nesters Market · 333 Abbott Street274 m
  • Vegan Supply · 250 East Pender Street434 m
  • 大統華 T&T Supermarket · 179 Keefer Place443 m
  • Loblaws · 658 Homer Street787 m

Parks (5+)

  • Pigeon Park (Pioneer Place) · 399 Carrall Street116 m
  • Unnamed290 m
  • Doctor Sun Yat-Sen Park · 578 Carrall Street319 m
  • Wendy Poole Park343 m
  • CRAB Park at Portside358 m

Shopping (4)

  • International Village · 88 West Pender Street338 m
  • Chinatown Plaza408 m
  • Sun Wah Centre · 268 Keefer Street533 m
  • Harbour Centre · 555 West Hastings Street666 m

Gyms (5+)

  • Gooey Studios · 306 Abbott Street234 m
  • Dragon Boat BC · 122 East Pender Street267 m
  • Iron Lab · 130 West Hastings Street356 m
  • Gooey Studios · 119 West Pender Street357 m
  • West Coast Shiatau Clinic358 m

Pharmacies (5+)

  • Omnicare Pharmacy Ltd · 1 East Cordova Street54 m
  • SRx Pharmacy · 223 Main Street262 m
  • Owl Drugs · 199 East Hastings Street275 m
  • Wellness Pharmacy · 420 Abbott Street294 m
  • Sam's Pharmacy · 465 Main Street310 m

Banks & ATMs (5+)

  • Bitcoin ATM Localcoin · 109 West Cordova Street274 m
  • RBC Royal Bank · 400 Main Street341 m
  • CIBC · 501 Main Street344 m
  • TD · 450 Main Street363 m
  • Instacoin ATM419 m

Nearby places data: © OpenStreetMap contributors.

School district: Vancouver (SD39)

Mortgage & Ownership Cost Calculator

Minimum required: 7.0% ($57,490) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$659,920.00
Periodic payment — Principal & Interest (monthly)$4,257.58
Additional monthly expenses (strata, tax, utilities, etc.)$888.59
Total monthly cost$5,146.17
Interest paid over 5-yr term$189,134.97
Balance at end of term$593,600.17

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$57,490
Stress test qualifying rate8.09%
Payment you must qualify for$5,901.11

Cash Needed at Closing

Minimum down payment$57,490
Estimated BC PTT$14,498
Legal / closing costs (typical estimate)$1,500
Total cash needed$73,488

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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