Because it’s a leasehold in an older building, it was one of the cheapest properties available in Vancouver.Supplied
36 E. 14th Ave., No. 109, Vancouver
Asking price: $275,000 (April 22)
Previous Asking Prices: $299,000 (Oct. 20, 2025); $315,000 (July 2, 2025)
Selling price: $274,750 (April 22)
Monthly fee, including taxes: $691.30
Days on market: 294
Listing agents: Dwayne Launt, Rick Stonehouse and Shaun Gregory, Oakwyn Realty
The action
The ground-level studio apartment is on a quiet street near the future Broadway line subway.Supplied
Listing agent Dwayne Launt had received several offers on this apartment, but they were too low for the seller, who was living in the unit. Because it’s a leasehold in an older building, it was one of the cheapest properties available in Vancouver.
What they got
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The ground-level studio apartment is on a quiet street near the future Broadway line subway, in a leasehold building that was built in 1967. The 484-square-foot unit has an updated kitchen with a peninsula bar for seating, an updated bathroom, hardwood floors and a large patio.
The building has underground parking, a shared laundry and allows rentals but not pets. In a leasehold agreement, the land owner sells use of the home for a fixed period but retains ownership of the land. In this case, the lease lasts until 2073, and the monthly fee includes taxes, cable and high-speed internet.
The agent’s take
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Mr. Launt said the buyer did the math and realized that for less than $1,100 a month in fees he could live centrally for less than typical rent in the area, with utilities included.
“Where can you rent for less than $1,100 in Mount Pleasant?” asked Mr. Launt. “It’s such a central location, and he needed a ground floor space.”