Home > All listings > 502 1388 Homer Street

$1,348,000

^$37,000

502 1388 Homer Street

Yaletown, Vancouver, BC, V6B 6A7

2 | 2 | 1 | 1,126 sq.ft. | Year Built: 1994 |

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Rarely available in the exclusive villa, with only 2 units per floor features SE facing unobstructed views of David Lam Park and False Creek highlight this spectacular 2 bed 2 bath corner unit. Taken down to the studs and completely renovated with NO expenses spared. It features an open floor plan boasting European decor with Liebherr and AEG appliances, Caesarstone countertops, Grohe bathroom fixtures, Hardwood floors, rain showers in both bathrooms, and Swarovski crystal lights. The building offers an indoor pool, hot tub, sauna, gym, a beautiful courtyard, children's play area. Right across from David Lam Park. Building has been rainscreened, repiped, elevators done. 3 Pets allowed. Matterport: https://my.matterport.com/show/?m=vhKaegQiUw8 Open House: Sat & Sun Nov 22 & Nov 23: 2-4pm

Property Info

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MLS®: R3062291

Listing Courtesy of Oakwyn Realty Ltd.

Total Bedrooms 2

Total Bathrooms 2

Floor Space 1126 sq.ft.

Title Type Freehold Strata

Date Listed XXXX-XX-XX

Property Type Condo

Listed Price $1,348,000

Unit Pricing $1,197/sq.ft.

Strata Fee $883.65

Tax Estimate $3,765/Year

Year Built 1994

Interior Features

Rooms

Main Living Room 20' * 11'7

Main Dining Room 12' * 7'1

Main Kitchen 20'7 * 7'7

Main Primary Bedroom 15' * 11'8

Main Bedrooms 13'9 * 9'4

Main Storage 5'5 * 3'6

Main Walk-In Closet 5'8 * 5'5

More Details

Storey 1

Floor Space Finished 1126.00 sq.ft.

Rules Cats OK, Dogs OK, Yes With Restrictions

Roof XXXXX

Zoning CD1

Floor Finish XXXXXXXXXXXXX

Exterior Finish XXXXXXXXXXXXXXXXXXXXXXXXXXXX

Parking Underground

Parking Cover 1

Parking Total 1

Fuel Heating Electric, Hot Water, Radiant

Water Supply XXXXXX

Foundation Concrete Perimeter

Summary

Location and General Information

MLS Area Major: Vancouver West
Street Name: Homer
City: Vancouver
State Or Province: BC
Postal Code: V6B 6A7
Property Type: Residential
Property Sub Type: Apartment/Condo

Taxes and HOA Information

Tax Year: 2025

Interior and Exterior Features

Bathrooms Information

Bathrooms Full: 2

Interior Features

Fireplaces Total: 1
Flooring: Hardwood, Tile
Basement: None
Interior Features: Elevator, Storage

Exterior Features

Exterior Features: Garden, No Outdoor Area
Roof: Other
Pool Features: Indoor

Property

Utilities

Sewer: Public Sewer, Sanitary Sewer
Water Source: Public

Property and Assessments

Foundation Details: Concrete Perimeter
Year Built: 1994
Building Area Total: 1126
Living Area: 1126

Lot Information

Lot Features: Central Location, Marina Nearby, Recreation Nearby
Parcel Number: 019048467

Sold History

Selling

R3062291 Condo Oct 27, 2025 Listed $1,385,000

R3042516 Condo Oct 27, 2025 Removed $1,430,000

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OPEN HOUSES

2025-11-22 02:00 PM - 04:00 PM

2025-11-23 02:00 PM - 04:00 PM

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City Introduction

Overview of Vancouver, BC, Canada

Population

Vancouver is the largest city in British Columbia, with a population of approximately 660,000 (2023). The Greater Vancouver area has over 2.6 million residents. Vancouver is one of Canada's most diverse cities, with significant Chinese, South Asian, and Filipino communities.

Economy

Key Industries: Technology, film production, tourism, port trade, and real estate.
Tech Hub: Known as the "Silicon Valley of the North," Vancouver is home to numerous tech companies and startups.
Film Industry: Vancouver is the third-largest film production center in North America, after Los Angeles and New York.
Port Trade: The Port of Vancouver is Canada's largest port, connecting Asian and North American markets.

Living Features

Natural Environment: Vancouver is renowned for its stunning natural scenery, including Stanley Park, English Bay, and the North Shore Mountains.
Climate: Mild winters and cool summers make it ideal for outdoor activities.
Education: Home to prestigious universities like the University of British Columbia (UBC) and Simon Fraser University (SFU).
Multiculturalism: A vibrant multicultural community with diverse dining and cultural events.

Real Estate Investment

Prices: Vancouver is one of Canada's most expensive cities, with detached homes averaging $2 million CAD and condos around $800,000 CAD (2023).

Opportunities:

Strong demand from immigrants and students ensures a robust rental market.
Limited land supply and population growth support long-term price appreciation.

Risks:

High prices and foreign buyer taxes (20%) may increase investment costs.
Vacancy taxes and property taxes are relatively high, requiring careful financial planning.

Verdict

Vancouver is ideal for those seeking a high quality of life and long-term investment. Popular residential areas include Kitsilano and West End, while Downtown and Broadway corridor condos are attractive for investors.

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