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For Sale · Vancouver

$409,000

503 1216 HOMER STREET, Vancouver

Tour this home

Bedrooms

Bathrooms

400

Size

1997

Year built

About This Home

The details.

Rarely available in this historic Murchies building at this unbeatable price point. This beautiful studio has been recently renovated and is ready for you to move in as your new home in Yaletown or ideal pied-à-terre. You'll find refinished hardwood flooring, fresh paint, new lighting as well as a custom murphy bed and plenty of inbuilt storage, as well as a separate storage locker. Fantastic rooftop terrace makes...

Summarizing the highlights...

MLS® R3147348Listing courtesy of Oakwyn Realty Ltd.See all units in this building View on map Street view

Property Details

Facts & features.

Property type: Single Family
Ownership: Strata
Year built: 1997
Size: 400 sqft
Strata fee: $258 / monthly
MLS number: R3147348
Data source: Greater Vancouver REALTORS®

Market intelligence

Statistics and history.

Days on market

Typical in Vancouver: 7 days

Vancouver median asking

$740K

2,123 active listings

Price per sqft

$1,023

Based on 400 sqft interior

How fast is this listing moving?

FastSlow

Market demandHot

QuietHot

306 new this week of 2,123 active listings in Vancouver, blended with typical days on market.

Where this price sits in Vancouver

$375KThis listing$1.2M

Computed live from active MLS listings we track. Sold-price history and multi-year assessment history switch on when sold-data access arrives.

Coming Soon

Listing & sold history.

These sections unlock with our sold-data feed. They are reserved here so you know exactly what is on the way.

Sold history for this homeComing soon

Listing history (every time it hit the market)Coming soon

Days-on-market trend for this areaComing soon

Nearby sold comparisonsComing soon

July Value

What this home is worth.

Calculating a July Value estimate...

Location

Where it sits.

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Run The Numbers

Mortgage and cash flow

Mortgage calculator.

Home priceDown payment20%Rate (%)Amortization25 yr

Monthly mortgage payment

$1,913

$327,200 financed over 25 years at 5%. For guidance only, not a quote or approval.

Cash flow analysis.

Property tax / moMaintenance / moRental income / mo

Monthly cost (mortgage + tax + maintenance)

$1,913

Cash flow

-$1,913

Estimates for education only. Talk to a JULY advisor for real numbers on this home.

Vancouver right now

2,123

Active listings

306

New this week

$740,000

Median asking price

Live snapshot from the MLS® feed. Sold-price history and trend charts arrive with our VOW data feed.

The Neighbourhood

Living in Vancouver.

Household and demographic stats for Vancouver, from the Statistics Canada 2021 Census.

662,248
Population (2021): 39.6
Median age: 305,335
Households: 2.1
Avg household size: 45.5%
Home ownership: $82,000
Median household income

Vancouver neighbourhood guide Full census profile Vancouver market trends

The immediate block around this home (right here): about 497 residents in 319 homes, 30,305 people/km² (dense urban).

Source: Statistics Canada 2021 Census, Vancouver, City (CY); block-level figures from dissemination area 59154149.

Schools

Nearby schools

K-12 schools closest to this home, with straight-line distances.

5.8of 10
Elsie Roy Elementary
300 m
public · elementary
Rank 540 of 1,272 in BC (2025/2026) · FSA literacy + numeracy
Performance history
- 2025/2026 · elementary · Score 5.8 · Rank 540/1,272
- 2024/2025 · elementary · Score 7.2 · Rank 356/1,269
- 2023/2024 · elementary · Score 6.8 · Rank 408/1,267
no score data
Pattison High School
650 m
independent · secondary
no score data
The Westside School
770 m
independent · k12

Public records

What the city has on file.

Independent reference data for this property from the City of Vancouver assessment roll (2026 assessment).

1912
Year built (city records): $501,000
Assessed land value: $207,000
Assessed improvements: $708,000
Total assessed value: HA-3
Zoning district: $2,382
Property taxes (2026): Strata
Ownership class

Assessed values are the municipal tax assessment, not a market appraisal. Contains information licensed under the Open Government Licence, City of Vancouver.

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Rental Market

Rentals nearby

Active rentals close to this home, for rent-versus-buy context and investors sizing up cash flow.

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Listing information is provided courtesy of the Canadian Real Estate Association's Data Distribution Facility (DDF®) and is deemed reliable but is not guaranteed accurate by JULY Realty or CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos identify professional services rendered by REALTOR® members of CREA to effect the purchase, sale and lease of real estate as part of a cooperative selling system. The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by CREA and identify real estate professionals who are members of CREA.