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About this home

Welcome to “MODE” located in RIVER DISTRICT – this incredible 2 bed + 2 bath CORNER unit features an incredible floorplan with floor to ceiling windows and TWO private patios including an 819SF roof top deck with breathtaking views of the mountains and beautiful greenery perfect for entertaining guests and family/friends alike. Large kitchen island w/ granite countertops and S/S appliances throughout. Separate dining and living area with plenty of SUNLIGHT floods in the unit. Amenities include a hot tub, daytime concierge, work hub, two guest suites, and a sprawling fitness facility. A vibrant community offering a perfect blend of urban convenience and natural beauty, with parks, shops, dining, and recreational activities just steps away.

Property details

Beds

2 full

Baths

1,361 ft²

Floor area

2022

Year built

Storeys

Parking

$787/mo

Strata fee

$3,704/yr

Gross tax

Location & structure

Apartment/Condo

Type

None

Basement

Yes

Garage

Carport

Vancouver East

Area

South Marine

Sub-area

Basement

None

Structure

Multi Family

Property highlights

Gym

Pool

Concierge

In-suite laundry

Hot tub

Bike storage

Building amenities

Gas included

Hot water incl.

Features & inclusions

Appliances

Washer/Dryer, Dishwasher, Refrigerator, Stove

Heating

Forced Air

Cooling

Central Air

Parking

Garage Double, Lane Access, Rear Access, Concrete

Lot

Central Location, Greenbelt, Marina Nearby, Recreation Nearby

Interior features

Elevator, Storage

Laundry

In Unit

Community

Shopping Nearby

Additional details

Common interest

Condominium

Levels

Two

Main floor (ground)

1,361 ft²

Tax year

2024

Listed by Oakwyn Realty Ltd.. Data from BCRES. Last updated Jun 25, 2026, 11:32 AM.

This representation is based in whole or in part on data generated by the Chilliwack & District Real Estate Board, Fraser Valley Real Estate Board or Real Estate Board of Greater Vancouver which assumes no responsibility for its accuracy.

Mortgage estimate

Using listing data

Est. monthly total

$5,779

/mo

Rate

Amortization

Principal and interest

$4,533

Property tax

$309

Strata fee

$787

P&I

Tax

Strata

Down payment

$196,000 (20%)

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This is an estimate only and does not constitute financial advice or a mortgage offer. Based on $196,000 down (20%) on $980,000, Canadian semi-annual compounding. Property tax sourced from listing. Strata fee sourced from listing. Home insurance, land transfer tax, and closing costs are not included. Consult a licensed mortgage professional for personalised advice. Mortgage professionals featured here are independent licensed brokers. Ray Rasouli may receive a referral fee if you choose to work with one. You are under no obligation to use any recommended provider. Full disclosure.

Inventory mix

What this area trades in

Within 3 km of this listing · 396 listings

Condo / Apartment	199	50.3%
Detached	99	25.0%
Townhouse	59	14.9%
Duplex	20	5.1%
Half-duplex	9	2.3%
Other	10	2.5%

Source: active, display-eligible listings within 3 km of this listing. The radius widens automatically when nearby inventory is sparse.

Housing stock here

What this neighbourhood is built of

Census 2021 dwelling structural-type mix · Vancouver · 2,025 dwellings

Low-rise apartment1,095 · 54.1%

Row house815 · 40.2%

High-rise apartment90 · 4.4%

Single-detached15 · 0.7%

Apartment in duplex10 · 0.5%

Source: Statistics Canada · 2021 Census of Population

Property analysisScored Jul 8

Buyer view7–10 year horizon

47.4% above area benchmark

$980,000 is 47.4% above the Vancouver East Apartment HPI benchmark of $664,800 (2026-04-01).

On a 7 to 10 year hold, price discovery vs the area benchmark drives outcomes. Today's price sits 47.4% above the GVR HPI for this segment.

Weak value signals, score 40.5 of 100Based on 6 of 9 signals · score likely 20.8 to 60.2

Area benchmark trend

Vancouver East apartment benchmark price (GVR MLS® HPI), last 12 months

Price history accruing

Price comparisons use asking prices from nearby active and recently removed listings. Sold prices are not available through public listing feeds.

Scores weight nine signals across price, market, carrying cost, and location data. Sources: BCRES listing feed, GVR MLS® HPI, TransLink, BC Geographic Warehouse, Vancouver Open Data, Statistics Canada (2021 Census). One input among many, not advice.

Market story

Rent in Vancouver

Census 2021 avg $1,988/mo here · Vancouver 2BR rent trend below

$2,696

latest · Jan 2025

↑16.0%

CMHC · 2025 Rental Market ReportForecast: CMHC supply-shortages report · rent growth scenarios

Estimate, not a prediction. Forward values use CMHC scenario growth rates applied to the latest actual. Actual outcomes will differ. Do not use as financial advice.

Vancouver CMA rental snapshot · 2025

Purpose-built vacancy

3.7%

Avg 2BR rent

$2,363

+2.2% YoY

Condo vacancy

1.5%

Avg 2BR condo rent

$2,900

Source: CMHC Rental Market Report (2025)

CMHCVancouver outlook

From the CMHC Spring 2026 Housing Supply Report · Mar 2026

Supply outlook

Where supply, demand, and prices are heading by 2035

CMHC scenario data, applied to this listing's metro area

House prices, 2024 to 2035

CMHC scenario comparison

18.4 percentage points

Building enough supply could keep prices 18.4 percentage points lower by 2035.

Source: CMHC supply-shortages report (2026)

Housing starts needed each year

Current pace vs CMHC supply target

7,245 units short

Vancouver is starting about 7,245 fewer units per year than CMHC says is needed to keep prices stable.

Source: CMHC supply-shortages report (2026)

Housing stock, 2024 to 2035

Projected dwellings under current trajectory

24.0 percentage points

Stock grows about 24.0% over the period under the business-as-usual scenario.

Source: CMHC supply-shortages report (2026)

Apartment construction pace

Apartment starts in 2025 vs the 10-year average

8.6% above

Condo and rental apartment construction is running 8.6% above the 10-year pace, easing future apartment scarcity.

Source: CMHC supply spring 2026

Family-home construction pace

Houses and townhomes started in 2025 vs the 10-year average

20.9% below

Ground-oriented (houses + townhomes) construction is running 20.9% below the 10-year pace, squeezing family-sized supply.

Source: CMHC supply spring 2026

Neighbourhood demographics

Who lives in this small neighbourhood

The following information covers the Dissemination Area that contains this property. A dissemination area is the smallest standard geographic area Statistics Canada publishes data for, typically 400 to 700 residents.

Statistics Canada Area #59152941· Vancouver· Transit 40/100 (3019m to rapid)· 0.71 km²

Median rent here

$1,988

Owner shelter cost

$2,080

Renters

41.9%

30%+ on shelter

28.3%

Population (2021)

4,198

Median age

35.2

Avg household size

2.1

Avg household income

$110,400

Renters

41.9%

Owners

57.8%

Immigrants

41.9%

Post-secondary

71.3%

Avg home value

$760,000

Single status

26.6%

Not in labour force

21.3%

Households with kids

29.0%

Median rent

$1,988

Owner shelter cost

$2,080

30%+ on shelter

28.3%

Breakdown

Under $5,000	30	1.5%
$5,000 to $9,999	15	0.7%
$10,000 to $14,999	20	1.0%
$15,000 to $19,999	35	1.7%
$20,000 to $24,999	55	2.7%
$25,000 to $29,999	50	2.5%
$30,000 to $34,999	40	2.0%
$35,000 to $39,999	50	2.5%
$40,000 to $44,999	50	2.5%
$45,000 to $49,999	55	2.7%
$50,000 to $59,999	135	6.7%
$60,000 to $69,999	125	6.2%
$70,000 to $79,999	130	6.4%
$80,000 to $89,999	150	7.4%
$90,000 to $99,999	125	6.2%
$100,000 to $124,999	290	14.4%
$125,000 to $149,999	225	11.1%
$150,000 to $199,999	260	12.9%
$200,000 and over	180	8.9%

Source: Statistics Canada, 2021 Census of Population (Census Profile, dissemination area 59152941).

#609 – 3438 Sawmill Crescent

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Property details

Location & structure

Additional details

47.4% above area benchmark

47.4% above area benchmark

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