Home Vancouver, BC South Marine Waterside 111 2250 SE Marine Drive

111 2250 SE Marine Dr, Vancouver BC V5P 2S2 – Condo for Sale – MLS® R3164954

111 2250 SE Marine Drive, Vancouver, British Columbia V5P 2S2

Vancouver Condos for Sale

59 days on the market

$629,000

Est. monthly cost $3,362/mo

Updated with MLS® - Nov 11, 2026 at 11:45pm

3 Beds

2 Baths

1247 sqft

504 $ /sqft

646.34 $ Maint. fee

1989 built

15.7% cheaper than comps

Photos

Space is the luxury here. Set on the quiet, south-facing side of Waterside, away from Marine Drive, this spacious 3-bedroom, 2-bathroom home offers a louse-like layout and outstanding potential. All three bedrooms have windows, while the separate dining room, eat-in kitchen and generous living area provide plenty of room for everyday life and entertaining. A cozy gas fireplace adds warmth, and the large balcony is the perfect place to relax outdoors. The home is ready for a fresh vision, giving you the opportunity to renovate to your taste and build equity along the way. Excellent storage, one parking stall, a pet-friendly building and a pro-active strata complete the package. Bring your ideas and make this one your own!

Building 25 fields Inside & out 13 fields Lot & land 7 fields

Building Details

Price	$629,000
Total Bedrooms	3
Total Bathrooms	2
Full Bathrooms	2
Half Bathrooms	0
Floor Area Total (sqft)	1247
Year Built	1989
Age Of Building	37
Building Type	Apartment/Condo
Unit Style	Inside unit
Property Type	Residential
Stories	1
Building Amenities	Bike Room, Exercise Centre, Trash, Maintenance Grounds, Gas, Hot Water, Management, Other, Sewer, Snow Removal, Water
Ownership Type	Leasehold prepaid-Strata
Maintenance Fee	$646.34
Amenities Nearby	Bike Room, Exercise Centre, Trash, Maintenance Grounds, Gas, Hot Water, Management, Other, Sewer, Snow Removal, Water
Utility Type	Electricity Connected, Natural Gas Connected, Water Connected
Utility Sewer	Public Sewer, Sanitary Sewer
Water (WaterSource)	Public
Parking Type	Garage Under Building, Rear Access, Concrete, Garage Door Opener
Total Parking Spaces	1
Strata Restrictions	Pets Allowed w/Rest.
Pet Restrictions	Yes With Restrictions
Rental Suites	None
Units In Development	48

Interior Features

Basement Finished Area (sqft)	0
Basement Features	None
Appliances Included	Washer/Dryer, Dishwasher, Refrigerator, Stove
Interior Features	Storage, Central Vacuum
Fireplace	1
Heating Type	Baseboard, Electric, Natural Gas
Laundry	In Unit
# of Kitchens	0
Flooring	Laminate, Tile
Foundation	Concrete Perimeter

Exterior Features

Exterior Features	Balcony
Roof	Metal, Torch-On
Structures	Multi Family, Residential Attached

Lot & Land

MLS^® #	R3164954
Area	Vancouver East
Neighbourhood	South Marine
City	Vancouver
Postal Code	V5P 2S2
Gross Taxes	$2,173.11
Zoning	CD1

Property Timeline

Status	Date	Price
R3164954 / Active	09-14-2026	$629,000

Rooms

Floor	Type	Dimensions
Main Level	Primary Bedroom	14'2 x 14'2 ft
Main Level	Bedroom	13'8 x 13'8 ft
Main Level	Bedroom	13'3 x 13'3 ft
Main Level	Dining Room	12'2 x 12'2 ft
Main Level	Living Room	15'11 x 15'11 ft
Main Level	Foyer	6'7 x 6'7 ft
Main Level	Steam Room	4'11 x 4'11 ft

Bathrooms

Floor	Ensuite	Pieces
Main Level	Yes	#3
Main Level	No	#3

Listed by: RE/MAX Crest Realty

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.

About the building: Waterside

2250 Se Marine Drive, South Marine, Vancouver

Waterside building details

Building

Built: 1989
Homes: 48
Construction: Frame - Wood
Title: Leasehold prepaid-Strata
Strata plan: VR2446
Managed by: Bayside Property Management
Parking: Garage: Underground
Lockers: Limited
Strata fee covers: Recreation FacilityManagementHot WaterGasGardeningGarbage PickupCaretaker

Bylaws on record

Pets: Restricted; Cats and dogs OK, max 2
Rentals: Allowed

Market at Waterside

For sale: 3
Median ask: $629K
Median $/sqft: $504
Days on market: 90

This home

$504/sqft, in line with the building median of $504.

Leasehold prepaid-Strata, not freehold strata. Ask for the lease expiry date, the prepaid rent position, and which lenders will finance it.

Homes for sale at Waterside, Vancouver Recent sold listings in Waterside, Vancouver

From MLS® and public strata records. Verify against the current Form B and registered bylaws.

Map, sell speed & climate

SkyTrain 4.04 km · David Thompson Secondary School 7/10 · 1.7 km · crime average · sell-speed score 65/100 (likely within weeks) · flood lower risk · wildfire low

Map & area Sell speed Climate risk

Map & Neighbourhood

Nearby Restaurants, Cafes & Shops

Shopping (2 nearby)

Home billiards · 957 m · Sports Shop
Top ten school wear · 973 m · Clothes

Restaurants (2 nearby)

Northern cafe · 861 m · Restaurant
Caravanserai uyghur cuisine · 945 m · Restaurant

Gyms (1 nearby)

Fraserview boys and girls club · 981 m · Gym

Transit (1 nearby)

Bus stop eastbound se marine dr @ jellicoe st · 981 m · Transit

Public Schools

Secondary
David Thompson Secondary School: Above Average 1.7 km 7/10
Elementary
David Oppenheimer Elementary School: Average 0.73 km 6.3/10

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

Private Schools

Elementary
Qawsain Knowledge House: 1.45 km
Secondary
Canada Star Secondary School: Above Average 3.62 km 7.9/10

Closest Transit

Bus Stop
Eastbound SE Marine Dr @ Gladstone St: 0.11 km
Skytrain
Skytrain @ Joyce Stn: 4.04 km

Crime Rate

Total Crime Rate: Average
Violent Crime Rate: Below Average
Property Crime Rate: Above Average

Demographics

Post-Secondary Education: Average 31%
No Certificate/Degree: Average 14.9%
Owner Occupied: Below Average 56.4%
Employment Rate: Average 65.9%

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

Sell Speed & Competition

65 / 100

Overall sell-speed score

Likely within weeks

Price competition grade

Avg comparable: $746,333

Flood Risk

Unlikely — not in floodplain

Railway / Skytrain noise

Unlikely — 4.04 km from station

Road / Highway noise

Possible — major road nearby

Airport noise (YVR)

Unlikely

Power lines proximity

Unlikely

ALR (Agricultural Land Reserve)

No — not in ALR

How SOUTH MARINE compares

This property

59 DOM

Listed

111 2250 SE Marine Drive has a sell-speed score of 65/100, placing it in the "Expected to sell within weeks" band. The listing is priced 15.7% below comparable active properties in South Marine, which is a strong competitive signal. Based on these signals, EstateBlock predicts this listing is likely to sell within a few weeks.

Climate Risk for V5P 2S2

Natural hazards vary by location and can change over time. The following provides a summary of potential impacts to this area, postal code V5P 2S2, over the next 30 years. Projections use the 2041–2070 period (2050s) under a moderate emissions scenario (SSP2-4.5).

Flood Lower Risk

Outside of designated flood hazard zones. Under 10% of buildings in this area have flood risk over the next 30 years.

Fire Low

Located within the "Vancouver" WUI zone (Risk Class 5 — Low). Based on BC Wildfire Service provincial WUI Risk Class mapping; not a site-specific assessment.

Air Quality B / Good

Annual avg PM2.5 5.1 µg/m³ — meets Canada's CAAQS. Nearest station: Vancouver Clark Drive, Vancouver (~6 km). Annual avg AQHI 2.2 — Low Risk.

Heat Low

Vancouver currently sees ~1 day above 30 °C per year (1981–2010 baseline), projected to rise to ~6 by the 2050s (SSP2-4.5 moderate emissions). Hottest day of the year: ~29.7 °C baseline, ~32 °C projected. Tropical nights (>18 °C): ~0 baseline, ~4 projected.

Precipitation Increasing

Annual precipitation ~1515 mm (1981–2010 baseline), projected ~1575 mm by the 2050s. Extreme 1-day rainfall: ~50.5 mm baseline, ~57 mm projected. Values vary modestly across the Lower Mainland.

Drought Stable

Longest annual dry spell (consecutive dry days): ~22 days baseline, ~24 days projected for the 2050s. CDD is used as a regional drought proxy; drought risk varies modestly across the Lower Mainland.

Schools NearBy

18 Schools are within 3km

School	Type	Grades Served	Catchment Info	Rating	Distance
David Oppenheimer Elementary School	Public	Grades Served K-7	Catchment Info In Catchment	6.3 / 10	Distance 732 m
Sir James Douglas Elementary School	Public	Grades Served K-7	Catchment Info —	6.6 / 10	Distance 1.02 KM
Sir James Douglas Annex	Public	Grades Served K-3	Catchment Info —	N/A	Distance 1.24 KM
Qawsain Knowledge House	Independent	Grades Served K-3	Catchment Info —	N/A	Distance 1.45 KM
Sir Charles Kingsford-Smith	Public	Grades Served —	Catchment Info —	5.4 / 10	Distance 1.60 KM
Sir Charles Kingsford-Smith School	Public	Grades Served K-7	Catchment Info —	5.4 / 10	Distance 1.62 KM
Anne-Hebert	Public	Grades Served —	Catchment Info —	7.6 / 10	Distance 1.69 KM
David Thompson Secondary School	Public	Grades Served 8-12	Catchment Info In Catchment	7.0 / 10	Distance 1.70 KM
Walter Moberly Elementary School	Public	Grades Served K-7	Catchment Info —	5.0 / 10	Distance 1.95 KM
Corpus Christi School	Independent	Grades Served K-7	Catchment Info —	10.0 / 10	Distance 2.14 KM
Captain James Cook Elementary School	Public	Grades Served K-7	Catchment Info —	6.2 / 10	Distance 2.23 KM
Killarney Secondary School	Public	Grades Served 8-12	Catchment Info —	6.3 / 10	Distance 2.29 KM
Champlain Heights Annex	Public	Grades Served K-3	Catchment Info —	N/A	Distance 2.31 KM
Waverley Elementary School	Public	Grades Served K-7	Catchment Info —	7.6 / 10	Distance 2.32 KM
Sir Sandford Fleming Elementary School	Public	Grades Served K-7	Catchment Info —	5.1 / 10	Distance 2.42 KM
Pierre Elliott Trudeau Elementary School	Public	Grades Served K-7	Catchment Info —	6.2 / 10	Distance 2.74 KM
Tecumseh Elementary School	Public	Grades Served K-7	Catchment Info —	6.1 / 10	Distance 2.74 KM
Champlain Heights Community Elementary School	Public	Grades Served K-7	Catchment Info —	5.5 / 10	Distance 2.84 KM

Pre-computed routes from 111 2250 SE Marine Dr, Vancouver, BC

111 2250 SE Marine Dr, Vancouver, BC Joyce 4.0 km

66 min

Downtown Vancouver Waterfront Station

By transit (Skytrain)

Downtown Vancouver via Joyce → Waterfront
66 min
Metrotown, Burnaby via Joyce → Metrotown
54 min
SFU Burnaby via Joyce → Production Way
73 min
Richmond Centre via Joyce → Brighouse
91 min
YVR Airport via Joyce → YVR-Airport
92 min

By car (off-peak)

Downtown Vancouver via HWY 1 / Grandview
11 min
Metrotown, Burnaby via Lougheed Hwy
6 min
SFU Burnaby via Gaglardi Way
14 min
Richmond Centre via No. 3 Rd
8 min
YVR Airport via Bridgeport / Sea Island
11 min

Calculate your commute

111 2250 SE Marine Dr, Vancouver, BC is ideally located for commuters. The property is 4.0 km from Joyce, with a 66 min SkyTrain ride to Downtown Vancouver (Waterfront Station). The closest bus stop is Eastbound SE Marine Dr @ Gladstone St (0.11 km). Walk Score Transit rating: Good Transit (54/100).

Walkability & Transit Near 111 2250 SE Marine Drive

Car-Dependent 49

Walk Score - Car-Dependent

Most errands require a car

Good Transit 54

Transit Score - Good Transit

Many nearby public transportation options

Somewhat Bikeable 43

Bike Score - Somewhat Bikeable

Minimal bike infrastructure

BC Assessment Value — 111 2250 SE Marine Drive

2026 assessed value, sourced from City of Vancouver open data (PID 014-471-833).

Total Assessed Value (2026)

$646,000

-2.0% YoY

-0.3%/yr over 4 yr

2022 Value Trend 2026

Land

$469,000

Buildings

$177,000

Year Built

1989

Class

Comprehensive Development

Zoning

CD-1 (156)

Property Tax

$2,173

Year	Land	Improvements	Total Assessed	YOY Change
2026	$469,000	$177,000	$646,000	-2.0%
2025	$479,000	$180,000	$659,000	-6.5%
2024	$512,000	$193,000	$705,000	+1.1%
2023	$506,000	$191,000	$697,000	+6.6%
2022	$425,000	$229,000	$654,000	—

Costs & calculators

Monthly cost about $3,362/month · rent estimate $2,327/month · owning catches up with renting by year 19 · cash flow if rented −$1,202/month

Mortgage Cash flow Rent estimate Rent vs own

Mortgage Calculator for 111 2250 SE Marine Drive

$3,362 /month

Principal & Interest $2,535

Property Taxes $181

Maintenance fee $646

The estimated monthly cost of 111 2250 SE Marine Drive, Vancouver is $3,362: $2,535 principal and interest with 20% down over 30 years at 4.45%, plus $181 property tax and $646 strata fee.

or Call 778-918-5990

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

Investment Cashflow Calculator

−$1,202 /month

Mortgage Payment $2,535

Monthly Cash Flow −$1,202

Break Even Down Payment 58%

Cap Rate -2.3%

Cash on Cash -11.5%

If 111 2250 SE Marine Drive, Vancouver were rented at $2,327 a month with 5% vacancy, it would fall $1,202 a month short of the mortgage and carrying costs; about 58% down would break even.

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

Estateblock Rent Estimate for 111 2250 SE Marine Drive, Vancouver

$2,327 / month

Rent $2,327

Own $3,362

Principal: $815/mo Interest, tax, insurance, fees: $2,547/mo

Example shown is the principal portion at year 5 of the mortgage. It grows over the loan: ~$682/mo (year 1) → ~$1,587/mo (year 20) → ~$2,367/mo (year 29).

Net cost to own at year 5 ~$2,547/mo About $220/mo more than renting

EstateBlock estimates 111 2250 SE Marine Drive, Vancouver would rent for about $2,327 a month.

Approximate estimates for informational purposes only, not financial advice. Assumes a new 30-year fixed mortgage at the rate shown; actual rent, payments, and equity will vary by loan terms and market conditions. Consult a licensed professional before deciding.

Rent vs own: 111 2250 SE Marine Drive

Rent vs own

Owning catches up by year 19

With 20% down ($125,800) at 4.45%: renting is cheaper at first, but principal paydown closes the gap

Principal paid off by year 5 $44,842

Principal paid off by year 10 $100,835

Assumes 20% down payment, 4.45% fixed rate, 30-year amortization. Rent line = full rent (money gone). Own line = interest + property tax + fees, excluding principal (money you keep as equity). No appreciation, investment returns or transaction costs included.

Renting 111 2250 SE Marine Drive, Vancouver is cheaper at first, but owning catches up by year 19, with $44,842 of principal paid off by year 5 and $100,835 by year 10.