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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 for a home office or owner storage. Located just steps from Skytrain, restaurants, entertainment, shopping, and everyday conveniences, this prime downtown location attracts strong year-round demand. Whether you're looking to generate short-term rental income, or own a downtown home with exceptional flexibility, this property offers a rare combination of location, value, and income potential. Open House - Saturday/Sunday, June 6/7, 2-4pm.
Open houses
06 Jun, 2026 (01:00 PM to 03:00 PM)
07 Jun, 2026 (01:00 PM to 03:00 PM)
| Basement Finished Area (sqft) | 0 |
|---|---|
| Basement Features | None |
| Appliances Included | Washer/Dryer, Dishwasher, Refrigerator, Stove, Microwave |
| Interior Features | Elevator |
| Heating Type | Baseboard, Electric |
| Laundry | In Unit |
| # of Kitchens | 1 |
| Flooring | Laminate, Tile |
| Foundation | Block |
| Exterior Features | No Outdoor Area |
|---|---|
| View Description | City |
| Roof | Other |
| Structures | Multi Family, Residential Attached |
| Price | $499,000 |
|---|---|
| Total Bedrooms | 1 |
| Total Bathrooms | 1 |
| Full Bathrooms | 1 |
| Half Bathrooms | 0 |
| Floor Area Total (sqft) | 538 |
| Year Built | 2003 |
| Age Of Building | 23 |
| Building Type | Apartment/Condo |
| Property Type | Residential |
| Stories | 1 |
| Building Amenities | Exercise Centre, Trash, Maintenance Grounds, Hot Water, Management, Recreation Facilities, Sewer, Snow Removal |
| Building Name | The Lex |
| Ownership Type | Freehold Strata |
| Maintenance Fee | $327.17 |
| Community Features | Shopping Nearby |
| Amenities Nearby | Exercise Centre, Trash, Maintenance Grounds, Hot Water, Management, Recreation Facilities, Sewer, 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 Allowed w/Rest.,Rentals Allowed |
| Pet Restrictions | Cats OK, Dogs OK, Number Limit (Two), Yes With Restrictions |
| Rental Restrictions | 100 |
| Units In Development | 45 |
| MLS® # | R3131193 |
|---|---|
| Area | Vancouver West |
| Neighbourhood | Downtown VW |
| City | Vancouver |
| Postal Code | V6Z 1M5 |
| Gross Taxes | $1,705.7 |
| Zoning | DD |
| Floor | Type | Dimensions |
|---|---|---|
| Main Level | Foyer | 6'1 x 6'1 ft |
| Main Level | Den | 5'3 x 5'3 ft |
| Main Level | Bedroom | 10'1 x 10'1 ft |
| Main Level | Kitchen | 13'0 x 13'0 ft |
| Main Level | Living Room | 14'2 x 14'2 ft |
| Main Level | Dining Room | 6'11 x 6'11 ft |
| Floor | Ensuite | Pieces |
|---|---|---|
| Main Level | No | #4 |
Listed by: Prompton Real Estate Services Inc.
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.
Public Schools
Information includes BC Government Open License data; school details change often and are offered solely as general guidance.
Private Schools
Closest Transit
Crime Rate
Demographics
Noise/ Power Lines
Other
| School | Type | Grades Served | Catchment Info | Rating | Distance |
|---|---|---|---|---|---|
| Year | Land | Improvements | Total Assessed | YOY Change |
|---|---|---|---|---|
| 2026 | $351,000 | $161,000 | $512,000 |
-6.4%
|
| 2025 | $375,000 | $172,000 | $547,000 |
+1.1%
|
| 2024 | $371,000 | $170,000 | $541,000 |
+6.7%
|
| 2023 | $340,191 | $167,000 | $507,191 |
+14.0%
|
| 2022 | $292,000 | $153,000 | $445,000 | — |
Based on 253 comparable active apartments/condos in Downtown VW, the average asking price is $604,005. This listing is priced 17.4% below the neighbourhood average.
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