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$499,000

507 1249 GRANVILLE STREET

Vancouver BC V6Z 1M5 - Downtown VW
1 bd
1 ba
538 sqft
Built 2003

About This Property

Rare opportunity to own a short-term rental-friendly property in the heart of Downtown Vancouver. Welcome to The Lex on Granville, a standout investment opportunity where Airbnb and all rental types are permitted. This bright and efficiently designed 1 Bed + Den offers 538 sq ft of functional open-concept living, complete with a versatile flex space ideal…

Features

Elevator
No Outdoor Area
None
Shopping Nearby
Room measurements6 rooms
FoyerMain · 4'6 × 6'1
DenMain · 3'1 × 5'3
BedroomMain · 8'4 × 10'1
KitchenMain · 3'5 × 13'0
Living RoomMain · 8'8 × 14'2
Dining RoomMain · 5'5 × 6'11

Property Details

MLS NumberR3131193
Property TypeApartment/Condo
Bedrooms1
Bathrooms1
Square Feet538
Year Built2003
HeatingBaseboard, Electric
Strata Fee$327.17/mo
StatusClosed
Listed ByPrompton Real Estate Services Inc.

School Catchment

Elementary Elsie Roy
Secondary King George

Neighbourhood

Highlighted area = this home's census tract (StatCan), the boundary the neighbourhood stats describe.
$800,000Median home value
$69,000Median household income
32.3%Owner-occupied
0.1%Single-detached homes
1.5Avg household size
35.2Median age
60.9%Bachelor's degree or higher (25-64)
65.3%Commute under 30 min
37.6%Drive to work
38.8%Foreign-born residents
7,976Neighbourhood population

Age

Under 15: 4.8%15 to 64: 87.4%65 and over: 7.8%
  • Under 154.8%
  • 15 to 6487.4%
  • 65 and over7.8%

Household size

  • 1 person60.1%
  • 232.1%
  • 35.3%
  • 41.9%
  • 5 or more0.6%

Language spoken at home

52.1% English mother tongue

  • Mandarin5.9%
  • Spanish5.4%
  • English + other4.1%
  • Farsi4%
  • Cantonese2.8%
  • Russian2.8%
  • All others22.9%

Mother tongue, share of 7,955 residents.

How this pocket differs

  • notably fewer 5+ person households than Downtown VW 0.6% vs 0.9%
  • fewer 4-person households than Downtown VW 1.9% vs 2.5%
  • Median household income is lower than Metro Vancouver $69,000 vs $90,000
  • Median dwelling value is lower than Metro Vancouver $800,000 vs $1,050,000

Source: Statistics Canada, Census of Population, 2021. Reproduced and distributed on an "as is" basis with the permission of Statistics Canada.

Monthly Cost Calculator

Estimated monthly cost $2,818
Mortgage payment$2,304
Strata fee$327
Property tax$142
Home insurance$45
Partner Rates Available Contact us for preferred mortgage rates

An estimate only. Canadian semi-annual compounding; excludes utilities, closing costs and BC property transfer tax. 5-year fixed, as of Sep 2

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