501 850 Burrard St, Vancouver, BC | MLS^® R3056098 Property Details

Rarely available at The Residences at 850 Burrard! Unbeatable location in the heart of downtown Vancouver. All the best restaurants, entertainment and shopping at your doorstep and easy access to: Robson Street, Alberni Street, Coal Harbor, West End, Granville Entertainment District, Yaletown and so much more! Southwest corner studio unit with great nature light, in-suite laundry, deck, one parking and storage locker. Well maintained solid concrete building in great condition, with a caretaker on site, fitness room, squash court, handball court, sauna and future tennis court. Elevator modernization special levy has been paid. Low strata fees kept unchanged for couple years. Rentals allowed. Potential for redevelopment in the future. Only two sales in the building in the last 5 years.

General Info

Price $458,000

Total Bedrooms 0

Total Bathrooms 1

Half Bathrooms 0

Floor Area Total (sqft) 431

Lot Size -

Lot Size Depth -

Lot Size Frontage -

Basement None

Basement Features BasementFeatures

Property Metrics

Year Built 1983

Age Of Building 42

Building Type Apartment/Condo

Property Type Residential

Stories 1

Building Amenities Exercise Centre, Sauna/Steam Room, Caretaker, Trash, Maintenance Grounds, Management, Snow Removal, Water

Building Features BuildingFeatures

Structures Multi Family, Residential Attached

Additional Details

MLS^® # R3056098

Area Vancouver West

Neighbourhood Downtown VW

City Vancouver

Gross Taxes $1,398.86

Ownership Type Freehold Strata

Maintenance Fee $269.45

Community Features Shopping Nearby

Amenities Nearby Exercise Centre, Sauna/Steam Room, Caretaker, Trash, Maintenance Grounds, Management, Snow Removal, Water

Fixtures Included -

Heating & Cooling

Fireplace -

Heating Type Baseboard, Electric

Utilities

Utility Type Electricity Connected, Water Connected

Utility Sewer Public Sewer, Sanitary Sewer

Water (WaterSource) Public

Parking

Parking Type Underground

Total Parking Spaces 1

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Strata Restrictions Pets Not Allowed,Rentals Allowed

Pet Restrictions Cats OK, No Dogs, No

Rental Restrictions -

Zoning DD

Rental Suites -

Laundry In Unit

# of Kitchens 1

Flooring Laminate

Foundation Concrete Perimeter

Locker 1

View -

View Description -

Units In Development 71

Exterior Features Balcony

Sewer Public Sewer, Sanitary Sewer

Property History

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Status	Date	Price

Rooms

Floor	Type	Dimensions
Main Level	Other	15'5 x 15'5 ft
Main Level	Kitchen	8'0 x 8'0 ft
Main Level	Foyer	14'0 x 14'0 ft

Listed by: Team 3000 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

1.23 km

Elementary

Lord Strathcona Community Elementary School

0.71 km

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

Private Schools

Elementary

Madrona School

0.56 km

Secondary

Pattison School

0.21 km

Closest Transit

Bus Stop

Northbound Burrard St @ Smithe St

0.04 km

Skytrain

Skytrain @ Vancouver City Centre Stn

0.37 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 Downtown Vancouver's vibrant neighborhood, where community spirit and urban convenience thrive!

Located at 501 850 Burrard Street, Vancouver, BC, this stunning property, listed as MLS^® R3056098, is nestled in the heart of the city, offering an unparalleled lifestyle experience.

Education

Just down the road, you'll find some of the best schools in the city, including Lord Strathcona Community Elementary School, a short 0.71 km away. With a rating of No Rating, this school is a testament to the community's dedication to education. Additionally, King George Secondary School, another top-rated institution, is just 1.23 km from the property. If you're looking for independent school options, Madrona School, an esteemed elementary school, is just 0.56 km away, while Pattison School, a reputable secondary school, is conveniently located 0.21 km from the property.

Safety

According to the latest statistics from Statistics Canada (2020), the neighborhood surrounding 501 850 Burrard Street, Vancouver, BC, has an overall crime rate of 7,470.82, which is Average compared to other Canadian cities. The rate is calculated based on incidents per 100,000 population. While the numbers may seem daunting, it's essential to note that the crime rate has decreased by 14.94% year-over-year. In terms of specific crime rates, the neighborhood has an Average rating for drug-related offenses (229.49) and Above Average for property-related offenses (5,020.27). Conversely, the violent crime rate is Below Average at 1,311.69.

Community and Lifestyle

The property's proximity to public transportation, including the Northbound Burrard St @ Smithe St bus station (0.04 km away), makes it an ideal location for those who value convenience and accessibility.

Demographics

This vibrant neighborhood is home to a diverse population, with 58.5% of residents holding a university certificate or degree, which is High compared to other BC neighborhoods. On the other hand, 2.4% of the population has no certificate or degree, which is Low compared to the average in BC.

In terms of income, the median household income is $65,920, which is Average compared to the British Columbia average. However, the median personal income is $42,581, which is High compared to the BC average. A significant proportion of households in the area, 72.4%, have a mortgage, which is High compared to other neighborhoods.

Real Estate and Economy

The real estate market in this area is thriving, with an average dwelling value of $745,989, which is High compared to other areas in British Columbia. The average owner payments are also High, with $1,792 spent on average per dwelling. Tenants in the area pay an average of $1,723, which is also High compared to other cities.

Lifestyle and Transportation

The neighborhood is walkable, with 53.4% of the population walking, which is High compared to other areas. While 24.5% of the population uses cars, this rate is Low compared to other neighborhoods. Public transportation is also easily accessible, with 18.7% of the population using it to get around. A significant proportion of the population, 1.7%, uses bicycles, which is Above Average.

In conclusion, 501 850 Burrard Street, Vancouver, BC, MLS^® R3056098, offers an unparalleled lifestyle experience, with access to top-rated schools, a vibrant community, and urban convenience at its doorstep. Whether you're a young professional, a growing family, or a retiree, this property has something to offer.

501 850 Burrard St, Vancouver, BC, MLS^® R3056098