509 1249 Granville St, Vancouver, BC | MLS^® R3063174 Property Details

Welcome to 509 at The Lex, a bright and fully furnished sub-penthouse 1 bed plus den in one of the few downtown buildings that allows short-term rentals, including Airbnb. This creates rare flexibility to live in, rent long-term, or generate strong nightly income as demand grows heading into major events like FIFA 2026. The layout is efficient and comfortable, with modern finishes and an elevated outlook that brings in great natural light. The location is unbeatable for both lifestyle and guest appeal, with the seawall, Yaletown, Davie Village, transit, restaurants, and everyday conveniences all within walking distance. With quick completion possible and excellent investment fundamentals, this home offers a smart opportunity in the heart of downtown Vancouver.

General Info

Price $590,000

Total Bedrooms 1

Total Bathrooms 1

Half Bathrooms 0

Floor Area Total (sqft) 582

Lot Size -

Lot Size Depth Feet

Lot Size Frontage -

Basement None

Basement Features BasementFeatures

Property Metrics

Year Built 2003

Age Of Building 22

Building Type Apartment/Condo

Property Type Residential

Stories 1

Appliances Included Washer/Dryer, Dishwasher, Refrigerator, Stove, Microwave

Building Amenities Bike Room, Exercise Centre, Trash, Hot Water, Management, Sewer, Snow Removal, Water

Building Features BuildingFeatures

Structures Multi Family, Residential Attached

Additional Details

MLS^® # R3063174

Area Vancouver West

Neighbourhood Downtown VW

City Vancouver

Gross Taxes $1,842.9

Ownership Type Freehold Strata

Maintenance Fee $368.06

Community Features Shopping Nearby

Amenities Nearby Bike Room, Exercise Centre, Trash, Hot Water, Management, Sewer, Snow Removal, Water

Heating & Cooling

Fireplace 0

Heating Type Baseboard, Electric

Utilities

Utility Type Electricity Connected, Water Connected

Utility Sewer Public Sewer, Sanitary Sewer

Water (WaterSource) Public

Parking

Parking Type None

Total Parking Spaces -

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Strata Restrictions Pets Allowed,Rentals Allowed

Pet Restrictions Cats OK, Dogs OK, Yes

Rental Restrictions 100

Zoning DD

Rental Suites -

Laundry In Unit

# of Kitchens 1

Flooring Laminate, Tile

Foundation Concrete Perimeter

Interior Features Elevator

View Description City view

Units In Development 45

Exterior Features No Outdoor Area

Sewer Public Sewer, Sanitary Sewer

Roof Other

Property History

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Status	Date	Price

Rooms

Floor	Type	Dimensions
Main Level	Living Room	14'10 x 14'10 ft
Main Level	Bedroom	10' x 10' ft
Main Level	Dining Room	7'4 x 7'4 ft
Main Level	Kitchen	13'3 x 13'3 ft
Main Level	Den	7'6 x 7'6 ft
Main Level	Foyer	10'5 x 10'5 ft

Listed by: Macdonald 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.

Neighborhood Info

Public Schools

Secondary

King George Secondary School

1.6 km

Elementary

Elsie Roy Elementary School

Average

0.61 km

6.1/10

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

Private Schools

Elementary

Anchor Point Montessori

0.25 km

Secondary

Pattison High School

0.48 km

Closest Transit

Bus Stop

Southbound Granville St @ Davie St

0.02 km

Skytrain

Skytrain @ Yaletown-Roundhouse Stn

0.45 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 509 1249 Granville Street, a beautiful property located in the heart of Vancouver, BC! As your trusted realtor, I'm excited to take you on a tour of this amazing neighborhood and share with you the details that make it so special.

Education

First, let's talk about the schools in the area. This property is serviced by Elsie Roy Elementary School, which has a rating of 6.1/10 and is located just 0.61 km from the property. Families love this area because of the excellent education system and the strong sense of community. Just down the road, you'll find King George Secondary School, with a rating of No Rating, and is located 1.6 km from the property. If you're looking for an independent school option, Anchor Point Montessori is just 0.25 km away from this home, with a rating of No Rating. And for secondary independent school, Pattison School is 0.48 km away from this home with a rating of No Rating.

Safety

When it comes to safety, the data from Statistics Canada in 2020 shows that this neighborhood has an overall crime rate of 7,470.82, which is Average compared to other Canadian cities. The number of volation disturbances in this area is 52,217, and the rate is 7,470.82 per 100,000 population. The year-by-year change in the total crime rate is -14.94%. Looking at the specific types of crime, the drug crime rate is Average, with 1,604 illegal substances lawbreaking disturbances in 2020. The year-by-year change in the illegal substances offences ranking is 1.58%. Property crimes in the neighborhood are Above Average, with 35,089 property misconduct incidents in 2020. The year-by-year change in the property misconduct rate is -20.80%. And finally, the violent crime rate is Below Average, with 9,168 violent lawbreaking disorders in 2020.

Lifestyle Amenities

Now, let's talk about the lifestyle amenities in the area. The closest bus station is Southbound Granville St @ Davie St, just 0.02 km away from this listing with MLS^® R3063174. This makes it easy to get around the city and explore all the amazing attractions Vancouver has to offer.

Demographics

The demographics of the area are also worth noting. According to the 2020 data from Statistics Canada, 47% of people in this neighborhood have a university certificate or degree, which is High compared to other BC neighborhoods. On the other hand, 4.8% of the population has no certificate or degree, which is Low compared to the average in BC. The median household income in this area is $55,936, which is Below Average compared to the British Columbia average. However, the median personal income is $40,817, which is Above Average in comparison to the BC average. And finally, the percentage of households with a mortgage is 72.8%, which is High.

Real Estate Context

In terms of real estate, the average value of dwellings in this neighborhood is $705,201, which is High compared to other areas in British Columbia. The average owner payments are also High, with owners spending an average of $1,746 per month. Tenants are paying $1,369 per month, which is also High compared to other cities.

Transit and Commuting

The neighborhood is well-connected to the rest of the city, with 26% of the population using public transport, 27.2% using cars, 3.2% using bicycles, and 41.7% walking. This makes it easy to get around without a car, and the neighborhood is perfect for those who value a low-carbon lifestyle.

Community

Finally, let's talk about the community. The area around 509 1249 Granville Street, Vancouver, BC is a vibrant and diverse neighborhood with a strong sense of community. The average age of the population is 38.6, which is Below Average compared to other BC cities. And with 65.6% of the population renting, this is a neighborhood that is perfect for those who value flexibility and affordability.

Property Details

This property is listed for sale with MLS^® R3063174 and is located at 509 1249 Granville Street, Vancouver, BC. With its prime location, excellent education system, and vibrant community, this is a property that is sure to appeal to a wide range of buyers.

Thank you for joining me on this tour of 509 1249 Granville Street, Vancouver, BC! I hope you have a better sense of the neighborhood and the amazing opportunities it has to offer.