1607 989 Nelson St, Vancouver BC - Apartment/Condo for Sale - MLS# R3118746

$619,000
Est. Mortgage $2,738/mo
Electra
1 Beds
1 Baths
616 sqft
1005 $ /sqft
647.63 $ Maint. fee
1995 built
$619,000
Est. $2,738/mo with 20% down
Dan Marusin
Dan Marusin
Renanza Realty
778-918-5990
Award-Winning REALTOR® with 11+ Years of Experience Serving Greater Vancouver
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Property Details for 1607 989 Nelson Street

Welcome to The Electra, a landmark concrete tower in the heart of downtown, formerly the BC Hydro HQ and converted to condos in 1995. This bright NW-facing 1 bed offers a functional layout with full-width windows that flood the space with natural light. Enjoy city & mountain views with a peekaboo ocean outlook. Unbeatable location just steps to groceries, shopping, restaurants, cafés, YMCA, and theatres, public transportation. Exceptional amenities include guest suites, gym, dry sauna, spacious lounge with full kitchen, and outdoor BBQ patio, billiard and table tennis. Includes a large storage locker and free shared laundry (on same floor). Short-term rentals allowed with strata approval and a valid city license. Strata fees include heating and A/C. No pets.

Interior Features

Basement Finished Area (sqft) 0
Basement Features None
Appliances Included Dishwasher, Refrigerator, Stove
Interior Features Elevator, Guest Suite, Storage
Heating Type Forced Air
Cooling Central Air, Air Conditioning
Laundry Common Area
# of Kitchens 1
Flooring Laminate, Tile
Foundation Concrete Perimeter

Exterior Features

Exterior Features No Outdoor Area
View Description City & Mountains
Roof Torch-On
Structures Multi Family, Residential Attached

Building Details

Price $619,000
Total Bedrooms 1
Total Bathrooms 1
Full Bathrooms 1
Half Bathrooms 0
Floor Area Total (sqft) 616
Year Built 1995
Age Of Building 31
Building Type Apartment/Condo
Property Type Residential
Stories 1
Building Amenities Bike Room, Exercise Centre, Caretaker, Trash, Maintenance Grounds, Heat, Hot Water, Management, Recreation Facilities, Snow Removal
Building Name Electra
Ownership Type Freehold Strata
Maintenance Fee $647.63
Community Features Shopping Nearby
Amenities Nearby Bike Room, Exercise Centre, Caretaker, Trash, Maintenance Grounds, Heat, Hot Water, Management, Recreation Facilities, Snow Removal
Utility Type Electricity Connected, Water Connected
Utility Sewer Public Sewer, Sanitary Sewer, Storm Sewer
Water (WaterSource) Public
Parking Type None
Total Parking Spaces 0
Strata Restrictions Pets Not Allowed,Rentals Allwd w/Restrctns
Pet Restrictions No Cats, No Dogs, No
Rental Restrictions 100
Units In Development 242

Lot & Land

Lot Size Depth Feet
MLS® # R3118746
Area Vancouver West
Neighbourhood Downtown VW
City Vancouver
Postal Code V6Z 2S1
Gross Taxes $1,892.79
Zoning CD-1

Property Timeline

Status Date Price
R3118746 / Active 05-04-2026 $619,000
Rooms
Floor Type Dimensions
Main Level Living Room 10'11 x 10'11 ft
Main Level Dining Room 11'0 x 11'0 ft
Main Level Bedroom 15'09 x 15'09 ft
Main Level Kitchen 7'01 x 7'01 ft
Main Level Foyer 10'0 x 10'0 ft
Bathrooms
Floor Ensuite Pieces
Main Level No #4

Listed by: Oakwyn Realty Ltd. & Oakwyn 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.

Map & Neighbourhood

Public Schools

Secondary
King George Secondary School
1.23 km
Elementary
Lord Strathcona Community Elementary School
0.88 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
0.61 km
Secondary
Pattison School
0.06 km

Closest Transit

Bus Stop
Southbound Burrard St @ Nelson St
0.09 km
Skytrain
Skytrain @ Vancouver City Centre Stn
0.52 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

Nearby Restaurants, Cafes & Shops

Schools NearBy

School Type Grades Served Catchment Info Rating Distance
Schools Near 1607 989 Nelson Street

BC Assessment Value — 1607 989 Nelson Street

2026 assessed value, sourced from City of Vancouver open data (PID 019-178-972).
Total Assessed Value (2026)
$599,000
-1.3% YoY
-1.4%/yr over 4 yr
2022 Value Trend 2026
Land
$438,000
Buildings
$161,000
Year Built
1957
Class
Comprehensive Development
Zoning
CD-1 (322)
Property Tax
$2,015
Year Land Improvements Total Assessed YOY Change
2026 $438,000 $161,000 $599,000
-1.3%
2025 $444,000 $163,000 $607,000
-4.1%
2024 $463,000 $170,000 $633,000
-2.2%
2023 $473,000 $174,000 $647,000
+1.9%
2022 $467,000 $168,000 $635,000

Mortgage Calculator for 1607 989 Nelson Street

/month
Principal & Interest
Property Taxes $158
Maintenance fee 0
A 20% down payment of $123,800 on this $619,000 listing yields an estimated mortgage of $2,364/month (30-year fixed, 4%). Total estimated housing cost: $3,170/month, $158 property tax, $648 maintenance fee.
or Call 778-918-5990
All figures are informational estimates by EstateBlock.com; actual mortgage payments and insurance rates vary by many factors.
Listing data last synced:

Investment Cashflow Calculator

/month
Mortgage Payment
Monthly Payment
Break Even Down Payment 0%
With $2,290/month in estimated rental income against $3,220/month in mortgage payments, the monthly cashflow is -$930/month. A 52% down payment would reach break-even.
All figures are informational estimates by EstateBlock.com; actual mortgage payments and insurance rates vary by many factors.

Price vs Neighbourhood Average — Downtown VW, Vancouver

Beds Home Types Square Feet Lot Size Year Built
This Home $619,000
Vancouver Loading...
Downtown VW Loading...

Based on 83 comparable active apartments/condos in Downtown VW, the average asking price is $534,458. This listing is priced 15.8% above 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

Listing Agent & Brokerage

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

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