New Listing: #111 1545 E 2nd Ave

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List Price $239,900
MLS®# V1140826
Type Studio Condo
Built In 1976
Living Area 467 sq.ft.
Bedrooms 0 – Built in Murphy Bed
Bathrooms 1 full
Maintenance Fee $226.38/mo.

maximize on space in studio unit east van commercial

maintained building studio condo unit in commercial east van

The WeLoveEastVan Team is proud to present this studio unit near Commercial Drive – #111 at 1545 East 2nd Ave (near Woodland Drive). This studio unit has been updated with a new kitchen and bathroom, built in Queen Size Murphy bed and storage, wall mounted TV and extra finishing details like new flooring, tiling and light fixtures. The unit also comes with an extra 137sqft patio south facing patio (so you’ll get lots of sun) that’s big enough for a BBQ and table and chairs.

studio unit with new kitchen and bathroom commercial

east vancouver studio condo kitchen near woodland drive

studio condo bathroom near woodland drive commercial east vancouver

The building, Talishan Woods, is a 1976-built building that has been well maintained with a new elevator this year, new roof in 2012, new exterior paint in 2009. For peace of mind, the building also has  Depreciation Report. The unit comes with 1 underground parking spot and a storage locker. The building offers shared laundry and a bike room.

The building is only a block and a hal to the best part of Commercial Drive: you’re close to food shops and the Super Valu on East 1st Ave and some of the best restaurants including La Mezcaleria, Falconetti’s, La Grotta del Formaggio and Take Home Thai. The BC Liquor Store is only 2 blocks away. The Commercial Drive Skytrain Station is 8 blocks away and you’re a quick bike ride to Main St, Chinatown, Gastown and Downtown.

condo patio in commercial drive area

Given the increasing rental prices in Vancouver, this unit would likely be cheaper than renting! I had Eitan Pinsky of Origin Mortgages offer some example numbers for financing:

5% down payment: 

$11,995 down payment

$227,905 Mortgage + $8,205 CMHC = $236,110 total mortgage

Monthly payment $1,074 (25 years amortization)

Required annual income: $40,820

20% down payment:

$47,980 down payment

$191,920 mortgage

Monthly payment $771 (30 years amortization)

Required annual income: $31,480

*Keep in mind that financing approval depends on a number of factors including the down payment, assets, debt and income. Contact Eitan for more information.

Realtor Remarks: Fabulously chic studio 2 blocks from Commercial Drive! Completely renovated from top to bottom including laminate flooring, fully tiled foyer, large custom closet plus elegant light fixtures. White high gloss Queen size Murphy bed withuilt-in storage & computer station completes this modern space. Spa like bath feels like an oasis complete with heated tile floors, new vanity & chrome hardware. Wall-mounted Samsung TV is a bonus as well as the South facing 137 SF patio. Commercial Drive is stocked with fabulous eateries, cafes, pubs, food markets & much more. Public transportation, bike routes & parks are minutes away. Pets welcome, 1 parking & locker.

Contact us for more information or to book a showing!

commercial woodland drive studio condo map