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Legal suite

$2,149,000

2638 CHARLES STREET

Beds

Baths

Sqft

—

Year

2007

Location

See the block, not just the house.

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About this home

Custom built "Tuscan Themed" house located on one of the most sought after tree-lined streets in Vancouver. 7 bedroom, 5 bathroom home has been meticulously updated & maintained by the owners. Over $100k has been recently invested in building upgrades. Efficiently designed, this home offers maximum versatility and investment potential. 2 mortgage helpers rent for $5500/month. Legal basement suite with a separate entrance & laundry. Sun drenched 33 x 127 lot with fully fenced south facing yard. Great for kids, pets and summer barbecues. Large double garage off back lane with new doors. Central location just minutes to shopping, transit and Commercial Drive. Amazing opportunity to live, rent and hold. (id:65958)

Subtype: Single Family
Architectural style: 2 Level
Structure: House
Common interest: Freehold
Living area: 3,202 square feet
Lot size: 4,191 square feet
Lot dimensions: 4191
Parking: 2 total
Fireplace: 1
On market: Feb 9, 2026
Status changed: Apr 14, 2026
Annual tax: $10,490.5 (2025)
Photos: 32
MLS#: R3087808
Area: VANCOUVER

Features and systems

Parking

Garage

Basement

FinishedSeparate entranceUnknown

Appliances

All

Heating

Forced air

Lot

Central location

Security

Sprinkler System-Fire

Negative cash flow ~$2,043/mo at these assumptions

Monthly rent (CAD)Adjust to your local market estimateDown payment (%)Investment props typically 20-25%Mortgage rate (% annual)2026 default 5.49% — adjust to your rate holdAmortization (years)

Cash on cash

-5.70%

Cap rate

4.75%

GRM

13.9

Break-even rent

$15,051

Financing

Down payment$429,800

Loan amount$1,719,200

Mortgage$10,547/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$985

Insurance$80

Maintenance$1,791

CapEx reserve$895

Vacancy loss$645

Estimates only. Actual cash flow depends on financing terms, condition reports, current market rents, property tax assessment, condo fees, and tenant quality. Defaults: 5% vacancy, 1%/yr maintenance, 0.5%/yr CapEx reserve, $80/mo insurance. Property tax estimated at 0.55%/yr where not provided. Talk to a mortgage broker before relying on these numbers.

Lifestyle nearby

Nearby school, halal, mosque, grocery, park, and transit layers are still being built for Vancouver. The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.

Mortgage estimate

Estimated $10,547/mo at 5.49% with 20% down, 25-yr amortization.Estimate only — actual payment varies by qualification + insurance.

Listing brokerage

Listing brokerage on file

Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated Apr 14, 2026.