Jun 06, 2026
02:00 PM
-
04:00 PM
PDT
507 1249 Granville Street
Vancouver
V6Z 1M5
$499,000
Residential
beds: 1
baths: 1.0
538 sq. ft.
built: 2003
Open House
-
Jun 06, 2026
02:00 PM
-
04:00 PM
PDT
NOTES: Open House on Saturday, June 6, 2026 2:00PM - 4:00PM
Open House
-
Jun 07, 2026
02:00 PM
-
04:00 PM
PDT
NOTES: Open House on Sunday, June 7, 2026 2:00PM - 4:00PM
- Status:
- Active
- Prop. Type:
- Residential
- MLS® Num:
- R3131193
- Bedrooms:
- 1
- Bathrooms:
- 1
- Year Built:
- 2003
- Photos (20)
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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.
- Property Type:
- Residential
- Dwelling Type:
- Apartment/Condo
- Home Style:
- Common Walls - No One Above
- Ownership:
- Freehold Strata
- Common Interest:
- Condominium
- Manufactured Type:
- Signup
- Year built:
- 2003 (Age: 23)
- Living Area:
- 538 sq. ft.
- Floor Area - Unfinished:
- Signup
- Floor Area - Detached 2nd Residence:
- Signup
- Building Area - Total:
- 538 sq. ft.
- Rainscreen:
- Signup
- Bedrooms:
- 1 (Above Grd: 1)
- Bathrooms:
- 1.0 (Full:1/Half:0)
- Kitchens:
- Signup
- Rooms:
- Signup
- Num Storeys:
- 6
- Taxes:
- $1,705.7 / 2025
- Lot Features:
- Central Location, Marina Nearby, Recreation Nearby
- Exposure / Faces:
- Signup
- Rear Yard Exposure:
- Signup
- Outdoor Area:
- No Outdoor Area
- Pad Rental:
- Signup
- # or % of Rentals Allowed:
- Signup
- Water Supply:
- Signup
- Plan:
- BCS336
- Name of Complex/Subdivision:
- The Lex
- Construction Materials:
- Brick, Concrete, Brick (Exterior), Concrete (Exterior)
- Foundation:
- Signup
- Basement:
- Signup
- Full Height:
- Signup
- Crawl Height:
- Signup
- Roof:
- Signup
- No. Floor Levels:
- 1.0
- Floor Finish:
- Signup
- Floor Area Fin - Above Grade:
- Signup
- Floor Area Fin - Above Main:
- 0 sq. ft.
- Floor Area Fin - Above Main 2:
- 0 sq. ft.
- Floor Area Fin - Main:
- 538 sq. ft.
- Floor Area Fin - Below Main:
- Signup
- Floor Area Fin - Below Grade:
- Signup
- Floor Area Fin - Basement:
- Signup
- Floor Area Fin - Total:
- 538 sq. ft.
- Heating:
- Signup
- Parking Features:
- None
- Parking:
- None
- # Of Parking Spaces - Total:
- Signup
- # Of Covered Spaces:
- Signup
- Parking Total/Covered:
- 0 / 0
- Flood Plain:
- Signup
- Suite:
- Signup
- STR, AIRBNB, VRBO
- Elevator
- No Outdoor Area
- Laundry In Unit, Exercise Centre, Recreation Facilities, Elevator
- City
- Exercise Centre, Trash, Maintenance Grounds, Hot Water, Management, Recreation Facilities, Sewer, Snow Removal
- Shopping Nearby
- Smoke Detector(s), Fire Sprinkler System
- 1
- Window Coverings, Smoke Detector(s), Fire Sprinkler System
- Dishwasher, Refrigerator, Microwave, Laundry In Unit, Exercise Centre, Elevator
- Washer/Dryer, Dishwasher, Refrigerator, Stove, Microwave
- In Unit
- Window Coverings
- Floor
- Type
- Size
- Other
- Council Approval:
- Signup
- Income Per Annum:
- Signup
- Oper. Expenses:
- Signup
- Net Operating Income:
- Signup
- Association Fee:
- $327.17
- Age Restrictions:
- No
- Tax Utilities Included:
- false
- By-Law Restrictions:
- Pets Allowed With Restrictions, Rentals Allwd w/Restrctns
- Dist to Public Trans:
- Signup
- Dist to School Bus:
- Signup
- Property Disclosure:
- Signup
- Fixtures Leased:
- Signup
- Fixtures Removed:
- Signup
- Common Walls:
- No One Above
- Pets Allowed:
- Cats OK, Dogs OK, Number Limit (Two), Yes With Restrictions
- Cats:
- Cats OK
- Dogs:
- Dogs OK
- # Units in Development:
- 45
- Home Owners Association:
- Yes
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Virtual Tour
Listed by Prompton Real Estate Services Inc.
Data was last updated June 3, 2026 at 03:35 PM (UTC)
Area Statistics
- Listings on market:
- 386
- Avg list price:
- $749,250
- Min list price:
- $320,000
- Max list price:
- $8,800,000
- Avg days on market:
- 51
- Min days on market:
- 1
- Max days on market:
- 623
- Avg price per sq.ft.:
- $1,044.84
These statistics are generated based on the current listing's property type
and located in
Downtown VW. Average values are
derived using median calculations. This data is not produced by
the MLS® system.
- The Mike & Will Team
- Century 21 In Town Realty
- 778-772-4252
- will@mikeandwill.com
The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Greater Vancouver REALTORS® (GVR), the Fraser Valley Real Estate Board (FVREB) or the Chilliwack and District Real Estate Board (CADREB). Real estate listings held by participating real estate firms are marked with the MLS® logo and detailed information about the listing includes the name of the listing agent. This representation is based in whole or part on data generated by either the GVR, the FVREB or the CADREB which assumes no responsibility for its accuracy. The materials contained on this page may not be reproduced without the express written consent of either the GVR, the FVREB or the CADREB.
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