Property Type: Condo / ApartmentOwnership: StrataNEW LISTING

701 2851 HEATHER STREET

Vancouver, BC V5Z0A2

$1,059,900

2 bed2 bath1 parking935 sqftBuilt 2007
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Open House

Saturday, September 5

2:00 PM4:00 PM

Sunday, September 6

2:00 PM4:00 PM

Amenities

Also listed: Daycare, Recreation Centre, Laundry - In Suite

Property Details

Property & Lot

Sub-type
Apartment

Ownership & Fees

Property type
Condo / Apartment
Ownership
Strata
Strata / maintenance fee
$472/mo
Annual property tax
$3,599.41 (2026)

Interior

Heating
Baseboard heaters, Electric
Fireplace
None

Exterior & Lot

View
View
Lot features
Central location, Elevator

Building

Parcel ID (PID)
027-309-797

Parking

Total spaces
1

Restrictions & Policies

Pets
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®
R3159518
Listed
August 27, 2026
Time on market
On the market for 4 days
Tax assessment year
2026
Data last synced
September 1, 2026

Listing provided by: Oakwyn Realty Ltd. · Data source: CREA DDF.

Description

Located in the heart of Fairview, one of Vancouver´s most desirable and centrally located neighbourhoods, this bright 2 bedroom + den, 2 bathroom home at Tapestry offers expansive, southwest facing views overlooking a beautiful park. The versatile den is perfect for a home office. This pet friendly building features a social lounge perfect for private gatherings, plus the convenience of a ground floor daycare and a nearby playground. City Square Shopping Centre is just a short walk away for groceries, Fitness World, and everyday essentials. Comes with 1 parking stall, though with the Canada Line, Broadway transit corridor, and multiple bus routes nearby, commuting downtown and beyond without a car is effortless. Open House: Saturday, September 5th & Sunday, September 6th 2-4pm. (id:63159)

Values & Trends

This listing

$1,134/sqft

Building average

No other active listings in this building

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

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
Blessed Sacrament School(Independent)Elementary189 m
Canada Royal Arts High School(Independent)Secondary512 m
Westside Montessori Elementary School(Independent)Elementary689 m
L'Ecole Bilingue ElementaryElementary756 m
Edith Cavell ElementaryElementary825 m
False Creek ElementaryElementary916 m
Simon Fraser ElementaryElementary923 m
Emily Carr ElementaryElementary1.2 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
Eastbound W 12th Ave @ Heather St43 m
Westbound W 12th Ave @ Heather St62 m
Eastbound W 12th Ave @ Laurel St269 m
Westbound W 12th Ave @ Laurel St325 m
Westbound W 16 Ave @ Heather St328 m

Nearby Places

Restaurants (5+)

  • Kim Son286 m
  • Chaipion289 m
  • Salad House · 555 West 12th Avenue320 m
  • Thai Away Home329 m
  • Song Cafe · 2525 Heather Street345 m

Cafes (5+)

  • Bean Around The World · 820 West 10th Avenue287 m
  • Bubble Waffle Cafe312 m
  • Culture Coffee & Tea314 m
  • Velo Star Cafe · 3195 Heather Street315 m
  • K Cafe · 2533 Heather Street330 m

Grocery (5+)

  • Sungiven Foods · 555 West 12th Avenue246 m
  • The Lettuce Shop367 m
  • Whole Foods Market · 510 West 8th Avenue575 m
  • Sunshine Market · 3135 Oak Street591 m
  • Save-On-Foods · 2308 Cambie Street681 m

Parks (5+)

  • Unnamed78 m
  • Unnamed84 m
  • Unnamed104 m
  • Unnamed232 m
  • Unnamed288 m

Shopping (3)

  • City Square Shopping Centre · 555 West 12th Avenue300 m
  • Winners · 491 West 8th Avenue648 m
  • Canadian Tire · 2290 Cambie Street718 m

Gyms (5+)

  • Fitness World · 555 West 12th Avenue237 m
  • Gold's Gym · 709 West Broadway388 m
  • Orangetheory Fitness · 2892 Cambie Street408 m
  • Oxygen Yoga · 564 West Broadway414 m
  • Precision Athletics · 507 West Broadway495 m

Pharmacies (5+)

  • Pharmasave262 m
  • MacDonald's Prescriptions352 m
  • The Medicine Shoppe · 777 West Broadway392 m
  • Landcaster Medical Supplies & Prescriptions · 601 West Broadway402 m
  • BioPro Biologics Pharmacy · 845 West Broadway434 m

Banks & ATMs (5+)

  • BMO · 777 West Broadway402 m
  • Bitcoin ATM Coinsite · 3000 Cambie Street428 m
  • CIBC · 538 West Broadway450 m
  • Vancity · 501 West 10th Avenue453 m
  • TD · 512 West Broadway484 m

Nearby places data: © OpenStreetMap contributors.

School district: Vancouver (SD39)

Mortgage & Ownership Cost Calculator

Minimum required: 7.6% ($80,990) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$847,920.00
Periodic payment — Principal & Interest (monthly)$5,470.49
Additional monthly expenses (strata, tax, utilities, etc.)$819.08
Total monthly cost$6,289.57
Interest paid over 5-yr term$243,016.31
Balance at end of term$762,706.78

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$80,990
Stress test qualifying rate8.09%
Payment you must qualify for$7,527.48

Cash Needed at Closing

Minimum down payment$80,990
Estimated BC PTT$19,198
Legal / closing costs (typical estimate)$1,500
Total cash needed$101,688

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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