21 - 1201 Lamey's Mill Road, Vancouver, V6H 3S8 — photo 1

$529,000

21 - 1201 Lamey's Mill Road, Vancouver, V6H 3S8
Active
1 Bedrooms 2 Bathrooms 1,057 sqft Built 1980 Residential
1 Listing Signal Detected
Leasehold LandHigh

Land is leased, not owned. Review lease terms carefully before proceeding.

About This Property

Experience the best of Vancouver living in this beautifully renovated townhome with 1,057 sqft over 3 floors. Located in a boutique waterfront building surrounded by mature gardens, this home offers expansive views of False Creek. The prime seawall location is perfect for morning jogs or dog walks, with Granville Island, Olympic Village, and Charleson Park just steps away. The property features a home office with built-in workspace, in-suite laundry, fireplace, and two private outdoor spaces: a main-level balcony + secluded rooftop sundeck. Includes 1 parking & storage locker. Pets & rentals are permitted w/ restriction. Some images have been digitally staged. Lease to 2040. Option to extend to 2060. ALL OFFERS SUBJECT TO APPROVAL OF THE SUPREME COURT OF B.C. By Appointment.

ViewWaterfrontLeaseholdStorage LockerFireplace

Property Details

MLS #

R3042688

Status

Active

Type

Residential

Sub-type

Townhouse

Ownership

Leasehold prepaid-Strata

Zoning

FCCDD

Bedrooms

1

Full Baths

1

Half Baths

1

Kitchens

1

Fireplaces

1

Living Area

1,057 sqft

Main Floor

883 sqft

Year Built

1980

Age

46 years

Roof

Other

Construction

Frame Wood, Stucco

Structure

Residential Attached

Parking Stalls

1

Parking Type

Garage Under Building, Side Access

Facing

Northeast

Original Price

$749,000

Strata Fee

$641.35/mo

Taxes

$3,255.47/yr

Listed

2025-09-02

MLS Area

False Creek

City

Vancouver

Postal Code

V6H 3S8

Subdivision

Alder Bay Place

Features & Finishes

Heating

Baseboard · Electric

Flooring

Other

Laundry

In Unit

Fireplace

Wood Burning

Exterior Features

Balcony

Building & Community

Total Units

47

Pets

Cats OK, Dogs OK, Number Limit (Two), Yes With Restrictions

Restrictions

Pets Allowed w/Rest.,Rentals Allwd w/Restrctns

Strata Mgmt Co.

TRIBE

Transit

OUTSIDE

Schools

NRBY

View

MARINA AND FALSE CREEK

Lot Features

Marina Nearby, Private, Recreation Nearby

Water Source

Public

Sewer

Public Sewer, Sanitary Sewer

Utilities

Electricity Connected, Water Connected

Building Amenities

Trash · Maintenance Grounds · Management

Disclosures

Property Disclosure

No

Fixtures Removed

SCHEDULE A

Fixtures Rented / Leased

SCHEDULE A

Coordinates: 49.267318, -123.132815 · Map data © Google

9.6

Hot Deal

Deal Score out of 10

Strong value relative to the market with clear seller motivation signals.

Value vs market48% below market $/sqft
Days on market245 days — significantly stale, strong negotiation position
Price historyPrice dropped 29% from original ask — seller showing motivation
Market conditionsBuyer's market — avg 97% of ask
Draft CPS Offer

Offer Advisor

High confidence

Suggested Offer

$501,963

5.1% below asking price

Negotiation Range

$488,738$509,898

$21,160 spread

$488,738$529,000 ask

Based on 82 recent sales, a starting offer around $501,963 (5.1% below ask) is reasonable. Your negotiation range is $488,738 – $509,898.

What's factored in

Market baseline82 recent Vancouver sales closed at median 96.8% of list price
Price already reducedSeller dropped from 29% off original ask — indicates motivation
Extended market time245 days listed — well above market avg of 175 days, increased negotiation leverage

Based on 82 residential sales in Vancouver (last 60 days) · Updated May 4

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