Home Vancouver, BC Downtown VW 1401 989 Nelson Street

93 Days on the market

1401 989 Nelson St, Vancouver, BC, MLS^® R3054803

$730,000

Est. Mortgage /mo

$730,000

$759,000

Est. Mortgage /mo

Dan Marusin

Renanza Realty

778-918-5990

Award-Winning REALTOR^® with 11+ Years of Experience Serving Greater Vancouver

Go See This Home Now

2 Beds

2 Baths

1 Stories

$ 853.27 Maint. Fee

808 sqft

1995 built

Exterior Front Photo of 1401 989 Nelson Street, Vancouver, BC

Exterior Rear Photo of 1401 989 Nelson Street, Vancouver, BC

Living Room Photo of 1401 989 Nelson Street, Vancouver, BC

Family Room Photo of 1401 989 Nelson Street, Vancouver, BC

Dining Area Photo of 1401 989 Nelson Street, Vancouver, BC

Kitchen Photo of 1401 989 Nelson Street, Vancouver, BC

Kitchen Island Photo of 1401 989 Nelson Street, Vancouver, BC

Pantry Photo of 1401 989 Nelson Street, Vancouver, BC

Breakfast Nook Photo of 1401 989 Nelson Street, Vancouver, BC

Primary Bedroom Photo of 1401 989 Nelson Street, Vancouver, BC

Primary Bathroom Photo of 1401 989 Nelson Street, Vancouver, BC

Walk-In Closet Photo of 1401 989 Nelson Street, Vancouver, BC

Bedroom 2 Photo of 1401 989 Nelson Street, Vancouver, BC

Bedroom 3 Photo of 1401 989 Nelson Street, Vancouver, BC

Bedroom 4 Photo of 1401 989 Nelson Street, Vancouver, BC

Guest Bathroom Photo of 1401 989 Nelson Street, Vancouver, BC

Powder Room Photo of 1401 989 Nelson Street, Vancouver, BC

Office / Den Photo of 1401 989 Nelson Street, Vancouver, BC

Loft / Bonus Room Photo of 1401 989 Nelson Street, Vancouver, BC

Basement Recreation Room Photo of 1401 989 Nelson Street, Vancouver, BC

Laundry Room Photo of 1401 989 Nelson Street, Vancouver, BC

1401 989 Nelson St, Vancouver, BC | MLS^® R3054803 Property Details

The Electra is centrally located in the heart of downtown and was originally built as the B.C. Electric/Hydro Building before being converted into 242 residential units in 1995. This spacious 808 sqft southeast corner unit features 2 bedrooms and 2 bathrooms, a well-designed layout, central air conditioning, and abundant natural light. Residents enjoy a range of amenities including free shared laundry on every floor, guest suites, private storage room, fitness Centre, sauna, billiards and table tennis lounge, party room, and more. Conveniently close to public transit, shopping, and entertainment. This is a property you won't want to miss!

General Info

Price $730,000

Total Bedrooms 2

Total Bathrooms 2

Half Bathrooms 0

Floor Area Total (sqft) 808

Lot Size -

Lot Size Depth Feet

Lot Size Frontage 0

Basement None

Basement Features BasementFeatures

Property Metrics

Year Built 1995

Age Of Building 30

Building Type Apartment/Condo

Property Type Residential

Stories 1

Appliances Included Dishwasher, Refrigerator, Stove

Building Amenities Recreation Facilities, Concierge, Caretaker, Trash, Heat, Hot Water, Management, Sewer, Snow Removal

Building Features BuildingFeatures

Structures Multi Family, Residential Attached

Additional Details

MLS^® # R3054803

Area Vancouver West

Neighbourhood Downtown VW

City Vancouver

Gross Taxes $2,413.53

Ownership Type Freehold Strata

Maintenance Fee $853.27

Community Features Shopping Nearby

Amenities Nearby Recreation Facilities, Concierge, Caretaker, Trash, Heat, Hot Water, Management, Sewer, Snow Removal

Fixtures Included -

Heating & Cooling

Fireplace 0

Heating Type Forced Air

Cooling Central Air, Air Conditioning

Utilities

Utility Type Electricity Connected, Natural Gas Connected, Water Connected

Utility Sewer Public Sewer, Sanitary Sewer, Storm Sewer

Water (WaterSource) Public

Parking

Parking Type None

Total Parking Spaces -

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Strata Restrictions Pets Not Allowed,Rentals Allwd w/Restrctns

Pet Restrictions No

Rental Restrictions -

Zoning CD-1

Rental Suites -

Laundry Common Area

# of Kitchens 1

Flooring Laminate, Tile

Foundation Concrete Perimeter

Interior Features Storage

Locker 1

View Description City and Water

Units In Development 242

Exterior Features No Outdoor Area

Sewer Public Sewer, Sanitary Sewer, Storm Sewer

Roof Other

Property History

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Status	Date	Price

Rooms

Floor	Type	Dimensions
Main Level	Primary Bedroom	10' x 10' ft
Main Level	Bedroom	10' x 10' ft
Main Level	Living Room	13' x 13' ft
Main Level	Kitchen	9' x 9' ft
Main Level	Dining Room	12' x 12' ft

Listed by: Royal Pacific Riverside Realty Ltd.

NOTE: This representation is based in whole or in part on data generated by the Chilliwack & District Real Estate Board, Fraser Valley Real Estate Board or Greater Vancouver REALTORS^® which assumes no responsibility for its accuracy.

Neighborhood Info

Public Schools

Secondary

King George Secondary School

1.25 km

Elementary

Lord Strathcona Community Elementary School

0.87 km

Information includes BC Government Open License data; school details change often and are offered solely as general guidance.

Private Schools

Elementary

Anchor Point Montessori

0.62 km

Secondary

Pattison School

0.05 km

Closest Transit

Bus Stop

Southbound Burrard St @ Barclay St

0.1 km

Skytrain

Skytrain @ Vancouver City Centre Stn

0.51 km

Noise/ Power Lines

Road/Hwy Noise

Possible

Railway/Sky train Noise

Unlikely

Airport/Port Noise

Unlikely

Close to major Power Lines

Unlikely

Other

Agricultural Land Reserve (ALR)

Unlikely

Flood Area

Unlikely

Close to Cemeteries

Unlikely

Welcome to 1401 989 Nelson Street, Vancouver, BC - MLS^® R3054803

As we walk through the vibrant community of Downtown Vancouver, let's explore the amenities and features that make this property a gem. Located at 1401 989 Nelson Street, this home is surrounded by excellent schools, a safe and thriving community, and a plethora of lifestyle amenities.

Education

Families will appreciate the proximity to top-rated schools, including Lord Strathcona Community Elementary School, which is a mere 0.87 km away. With a rating of No Rating, this school is a great option for families looking for a solid education. Additionally, King George Secondary School is 1.25 km from the property, offering students a well-rounded education in a supportive environment.

Safety

According to Statistics Canada's 2020 report, this neighbourhood has an average crime rate, with 52,217 disturbances reported. This translates to a crime rate of 7,470.82, which is average compared to other Canadian cities. The year-over-year change in the total crime rate is a notable -14.94%. The drug crime rate is also average, with a rating of 229.49 and 1,604 incidents reported in 2020. Property crimes in the area are above average, with a rating of 5,020.27 and 35,089 incidents reported.

Lifestyle Amenities

This home is perfectly situated for commuters, with the Southbound Burrard St @ Barclay St bus station just 0.1 km away. The area is also known for its high level of education, with 58.5% of residents holding a university certificate or degree - a high rate compared to other BC neighbourhoods.

Demographics

The median household income in the area is $65,920, which is average compared to other British Columbia neighbourhoods. However, the median personal income is a high $42,581, indicating a strong earning potential in the area. 72.4% of households in the area have a mortgage, which is a high percentage.

Real Estate Context

The average value of dwellings in the area is $745,989, which is high compared to other areas in British Columbia. Average owner payments are also high, with owners spending an average of $1,792 per month. Tenants in the area pay an average of $1,723 per month, which is also high compared to other cities.

Community

This neighbourhood is known for its high level of diversity, with 61.7% of the population renting and 18.7% using public transport. However, 24.5% of residents use cars, and 1.7% use bicycles. The area is also home to a high percentage of English and French speakers, with 87.2% of residents speaking only English.

Why You'll Love It

At 1401 989 Nelson Street, Vancouver, BC - MLS^® R3054803, you'll find a rare combination of excellent schools, a safe community, and a plethora of lifestyle amenities. Whether you're a family looking for a solid education or a commuter seeking a convenient location, this property has it all. Contact me today to schedule a viewing and make this home your own.

Local Info

Calculate your monthly mortgage payments

Down Payment Percent

Home Price

Down Payment

Interest Rate

Loan Type

/month

Principal & Interest

Property Taxes $202

Maintenance fee 0

All figures are informational estimates by Estateblock.com; actual mortgage payments and insurance rates vary by many factors.

Cash Flow Analysis

Down Payment Percent

Property Tax (Monthly)

Basic Insurance Cost

Maintenance Fee

Rental Income

Down Payment

/month

Mortgage Payment $3201

Monthly Payment $3802

Break Even Down Payment 0%

All figures are informational estimates by Estateblock.com; actual mortgage payments and insurance rates vary by many factors.

Listing Price Comparision

This house $1,400,000

Surrey

No comparables

Fleetwood Tynehead $1,399,000 -6.38%

Data is based on list prices of similar active listings. This representation is based in whole or in part on data generated by the Chilliwack & District Real Estate Board, Fraser Valley Real Estate Board or Real Estate Board of Greater Vancouver which assumes no responsibility for its accuracy

Dan Marusin

Renanza Realty

778-918-5990

Award-Winning REALTOR^® with 11+ Years of Experience Serving Greater Vancouver

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1996 built

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