CONDOS FOR SALE

GASTOWN

  • Downtown Suites Ltd. BBB Business Review

603 501 Pacific Street
Downtown VW Vancouver V6Z 2X6

$499,000
Residential beds: 0 baths: 1.0 409 sq. ft. built: 1999

Main Photo: 603 501 Pacific Street in Vancouver: Downtown VW Condo for sale in "The 501" (Vancouver West)  : MLS®# R3044951
Photo 1: 603 501 Pacific Street in Vancouver: Downtown VW Condo for sale in "The 501" (Vancouver West)  : MLS®# R3044951
Photo 2: 603 501 Pacific Street in Vancouver: Downtown VW Condo for sale in "The 501" (Vancouver West)  : MLS®# R3044951
Photo 3: 603 501 Pacific Street in Vancouver: Downtown VW Condo for sale in "The 501" (Vancouver West)  : MLS®# R3044951
Photo 4: 603 501 Pacific Street in Vancouver: Downtown VW Condo for sale in "The 501" (Vancouver West)  : MLS®# R3044951
Photo 5: 603 501 Pacific Street in Vancouver: Downtown VW Condo for sale in "The 501" (Vancouver West)  : MLS®# R3044951
Photo 6: 603 501 Pacific Street in Vancouver: Downtown VW Condo for sale in "The 501" (Vancouver West)  : MLS®# R3044951
Photo 7: 603 501 Pacific Street in Vancouver: Downtown VW Condo for sale in "The 501" (Vancouver West)  : MLS®# R3044951
Photo 8: 603 501 Pacific Street in Vancouver: Downtown VW Condo for sale in "The 501" (Vancouver West)  : MLS®# R3044951
Photo 9: 603 501 Pacific Street in Vancouver: Downtown VW Condo for sale in "The 501" (Vancouver West)  : MLS®# R3044951
Photo 10: 603 501 Pacific Street in Vancouver: Downtown VW Condo for sale in "The 501" (Vancouver West)  : MLS®# R3044951
Photo 11: 603 501 Pacific Street in Vancouver: Downtown VW Condo for sale in "The 501" (Vancouver West)  : MLS®# R3044951
Photo 12: 603 501 Pacific Street in Vancouver: Downtown VW Condo for sale in "The 501" (Vancouver West)  : MLS®# R3044951
Photo 13: 603 501 Pacific Street in Vancouver: Downtown VW Condo for sale in "The 501" (Vancouver West)  : MLS®# R3044951
Photo 14: 603 501 Pacific Street in Vancouver: Downtown VW Condo for sale in "The 501" (Vancouver West)  : MLS®# R3044951
Photo 15: 603 501 Pacific Street in Vancouver: Downtown VW Condo for sale in "The 501" (Vancouver West)  : MLS®# R3044951
Photo 16: 603 501 Pacific Street in Vancouver: Downtown VW Condo for sale in "The 501" (Vancouver West)  : MLS®# R3044951
Photo 17: 603 501 Pacific Street in Vancouver: Downtown VW Condo for sale in "The 501" (Vancouver West)  : MLS®# R3044951
Photo 18: 603 501 Pacific Street in Vancouver: Downtown VW Condo for sale in "The 501" (Vancouver West)  : MLS®# R3044951
Photo 19: 603 501 Pacific Street in Vancouver: Downtown VW Condo for sale in "The 501" (Vancouver West)  : MLS®# R3044951
Photo 20: 603 501 Pacific Street in Vancouver: Downtown VW Condo for sale in "The 501" (Vancouver West)  : MLS®# R3044951
Photo 21: 603 501 Pacific Street in Vancouver: Downtown VW Condo for sale in "The 501" (Vancouver West)  : MLS®# R3044951
Photo 22: 603 501 Pacific Street in Vancouver: Downtown VW Condo for sale in "The 501" (Vancouver West)  : MLS®# R3044951
Photo 23: 603 501 Pacific Street in Vancouver: Downtown VW Condo for sale in "The 501" (Vancouver West)  : MLS®# R3044951
Photo 24: 603 501 Pacific Street in Vancouver: Downtown VW Condo for sale in "The 501" (Vancouver West)  : MLS®# R3044951
Photo 25: 603 501 Pacific Street in Vancouver: Downtown VW Condo for sale in "The 501" (Vancouver West)  : MLS®# R3044951
Photo 26: 603 501 Pacific Street in Vancouver: Downtown VW Condo for sale in "The 501" (Vancouver West)  : MLS®# R3044951
Photo 27: 603 501 Pacific Street in Vancouver: Downtown VW Condo for sale in "The 501" (Vancouver West)  : MLS®# R3044951
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Photo 30: 603 501 Pacific Street in Vancouver: Downtown VW Condo for sale in "The 501" (Vancouver West)  : MLS®# R3044951
Status:
Active
Prop. Type:
Residential
MLS® Num:
R3044951
Bathrooms:
1
Year Built:
1999
Welcome to “The 501”! Live the Yaletown lifestyle in this bright and beautifully designed studio offering serene water and park views. Situated on the 6th floor with sunny SE exposure, you’ll appreciate the clever layout with a defined sleeping area and spacious, well-equipped kitchen. Highlights include floor-to-ceiling windows, cozy gas fireplace, and in-suite laundry. This coveted concrete building is packed with amenities: indoor/outdoor pool, hot tub, gym, party room, 2 guest suites, and concierge service. Parking and storage are both included, and the building is pet and rental friendly. A fantastic opportunity not to be missed! Open House Saturday (Sept 13) 1-3PM
Property Type:
Residential
Dwelling Type:
Apartment/Condo
Home Style:
Common Walls - No One Above, Bachelor/Studio
Ownership:
Freehold Strata
Common Interest:
Condominium
Year built:
1999 (Age: 26)
Living Area:
409 sq. ft.
Building Area - Total:
409 sq. ft.
Bedrooms:
0 (Above Grd: 0)
Bathrooms:
1.0 (Full:1/Half:0)
Num Storeys:
33
Taxes:
$1,481.18 / 2025
Outdoor Area:
No Outdoor Area
Plan:
LMS4050
Name of Complex/Subdivision:
The 501
Construction Materials:
Concrete, Concrete (Exterior), Glass (Exterior)
No. Floor Levels:
1.0
Floor Area Fin - Above Main:
0 sq. ft.
Floor Area Fin - Above Main 2:
0 sq. ft.
Floor Area Fin - Main:
409 sq. ft.
Floor Area Fin - Total:
409 sq. ft.
Fireplaces:
1
Fireplace Details:
Gas
Parking Features:
Underground, Rear Access
Parking:
Underground
Parking Total/Covered:
1 / 1
Pool Features:
Indoor, Outdoor Pool
Spa Features:
Swirlpool/Hot Tub
Elevator, Guest Suite, Storage
No Outdoor Area
Indoor Pool, Outdoor Pool, Laundry In Unit, Bike Room, Exercise Centre, Recreation Facilities, Swirlpool/Hot Tub, Elevator, Guest Suite, Storage
Park & Water Views
Bike Room, Exercise Centre, Caretaker, Trash, Maintenance Grounds, Gas, Hot Water, Management, Recreation Facilities, Sewer, Water
Shopping Nearby
1
Swirlpool/Hot Tub
Indoor Pool, Outdoor Pool, Dishwasher, Refrigerator, Microwave, Laundry In Unit, Bike Room, Exercise Centre, Swirlpool/Hot Tub, Elevator, Storage
Washer/Dryer, Dishwasher, Refrigerator, Stove, Microwave
In Unit
Association Fee:
$354.36
Age Restrictions:
No
Tax Utilities Included:
false
By-Law Restrictions:
Pets Allowed With Restrictions
Common Walls:
No One Above
Pets Allowed:
Cats OK, Dogs OK, Number Limit (Two), Yes With Restrictions
Cats:
Cats OK
Dogs:
Dogs OK
# Units in Development:
295
Home Owners Association:
Yes
Land Lease:
No
Utilities:
Community, Electricity Connected, Natural Gas Connected, Water Connected
Sewer:
Public Sewer, Sanitary Sewer
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Listed by RE/MAX Results Realty
Data was last updated September 13, 2025 at 01:40 PM (UTC)
Area Statistics
Listings on market:
446
Avg list price:
$810,000
Min list price:
$419,000
Max list price:
$8,800,000
Avg days on market:
73
Min days on market:
2
Max days on market:
729
Avg price per sq.ft.:
$1,077.82
These statistics are generated based on the current listing's property type and located in Downtown VW. Average values are derived using median calculations. This data is not produced by the MLS® system.
Nicholas Meyer
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Introducing Gastown

gastown2Gastown is the oldest neighbourhood in downtown Vancouver.

The original fledgling city was centred around what is now Gassy Jack Square but burnt down in the Great Fire of 1886.  The Alhambra on Carrall Street is now the oldest building in Vancouver.  The area is host to a wide variety of different stratas of society.  For many years the area fell into decay and became a ghetto for the homeless and many addicts of various substances.  However, with its proximity to the downtown core and its interesting heritage architecture it became a place of choice for many of the City’s artistic community and slowly a renaissance began.  Many of the original residents are still living here but in much improved housing thanks to the City.

Most if not all of the seriously bad old rooming houses have been renovated, The Pennsylvania, Ranier and Alhambra Hotels on  Carrall Street are probably the most recent renovations and look wonderful.  Hopefully, with more funding more of these old buildings can be restored. The area is gradually being gentrified but with sensitivity.

Several pioneers have led the way for the alternative self owned housing that is now flourishing in the neighbourhood.  The first self owned building was Mission House at 150 Alexander, this 1911 structure was refitted in the mid ’80’s and soon several other developers  at 27 Alexander (The Alexis), 41 Alexander (The Captain French) and 55 Alexander  gradually started to build and renovate.

Some of the other notable loft buildings in the area are 28 Powell, its neighbour The Globe, and Abbott Place at 233 Abbott.   Then about 14 years ago, Brad Holme, an old high school (Magee) friend of Nicholas Meyer, President of Downtown Suites, started to build some loft buildings on Cordova Street, The Van Horne (171 lofts) and Carrall Station (71 lofts).  Nicholas also has been part of the process serving on the City’s Carrall Street Greenway Steering Committee, the Gastown Historic Committee and several strata councils.

Currently,  there has been restoration of some wonderful architecture on Water Street, namely The Taylor Building across from the Steam clock at 310 Water, The Terminus, The Garage and The Bowman Block and Paris and the Paris Annex close by.

What were once run down old buildings are now very chic and home to fine restaurants, unique pubs i.e. The Irish Heather, boutiques and city residences; some of which are costing well in excess of a million dollars.  Possibly, the most notable contribution is the recent transformation of Woodward’s, an old department store bounded by Hastings, Cordova, Abbott and Cambie Streets.  The new version, still has the old original store but there are two towers (42 and 30 stories respectively) which will probably be the catalyst to transform the area forever. It now houses Simon Fraser University (SFU) School for the Contemporary Arts as well as banks and shopping.  Also close by with several campuses is the world renowned Vancouver Film School (VFS).

 

 

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Two words best describe Nic, Consummate Professional. Nic get’s the job done, quickly, quietly and most effectively and that is all you can ask. Without knowing me, he set up several introductions with major property developers in Lower Mainland and helped me provide my investors several viable options to expand their portfolios.
I’ve known and worked with Nicholas for the past 20 years. When it comes to rental suites, nobody knows the market better than him. You will always be satisfied utilizing not only his services but his knowledge is incredible.




I have worked with Nic and His staff since 2005 and found him and his staff to be the BEST Property managers in Vancouver… My downtown clients swear by him as well…. Reliable, Dependable 1st Class

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Leadership qualities that set an example for others to aspire to. Building a lasting foundation of integrity in the marketplace. Nicholas, is a model for anyone to follow. Balancing a healthy lifestyle, with a successful business model in 2015.
All dealings with Nicholas have been businesslike and have reached a successful conclusion. Throughout our dealings he was honourable and ethical, making our relationship positively conclusive.I have known Nicholas for approximately 15 years.