1401 989 Nelson St, Vancouver, BC

$730,000
Est. Mortgage /mo

MLS® R3054803 · The Electra

2 Beds
2 Baths
808 sqft
903 $ /sqft
853.27 $ Maint. fee
1995 Built
$730,000
$759,000
Est. /mo with 20% down
$903/sqft · Tax $2,414/2025
Dan Marusin
Dan Marusin
Renanza Realty
778-918-5990
Award-Winning REALTOR® with 11+ Years of Experience Serving Greater Vancouver
Go See This Home Now

Property Details & Specs

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 -

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 -
Structures Multi Family, Residential Attached

Additional Details

MLS® # R3054803
Building Name The Electra
Area Vancouver West
Neighbourhood Downtown VW
City Vancouver
Postal Code V6Z 2S1
Price per Sqft $903
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 -
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 & Transit 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 High 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

Crime Rate

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

Demographics

Post-Secondary Education
Above Average
58.5%
No Certificate/Degree
Below Average
2.4%
Owner Occupied
Average
72.4%
Employment Rate
Below Average
25.3%

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

Local Info

Estimated Mortgage Calculator

/month
Principal & Interest
Property Taxes $201
Maintenance fee 0
Based on a 30-year fixed at 4% interest with 20% down ($146,000), the estimated monthly payment for this listing is $3,842/month — $2,788 principal & interest, $201 property tax, $853 maintenance fee.
All figures are informational estimates by Estateblock.com; actual mortgage payments and insurance rates vary by many factors.
Listing data last synced:

Estimated Cashflow Calculator

/month
Mortgage Payment
Monthly Payment
Break Even Down Payment 0%
At an estimated rental income of $2,701/month, this property runs a $1,201/month shortfall after mortgage and carrying costs. Break-even requires approximately 55% down.
All figures are informational estimates by Estateblock.com; actual mortgage payments and insurance rates vary by many factors.

Home Price Evaluation Chart

Beds Home Types Square Feet Lot Size Year Built
This Home $730,000
Vancouver Loading...
Downtown VW Loading...
Based on 40 comparable active Apartment/Condos in Downtown VW, the average asking price is $811,831. This listing is priced 10.1% below the neighbourhood average.
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

Property FAQs

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Dan Marusin
Dan Marusin
Renanza Realty
778-918-5990
Award-Winning REALTOR® with 11+ Years of Experience Serving Greater Vancouver

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