Vancouver condo at the Fairmont Pacific Rim listed well over assessed for $7.3M
A Vancouver condo described as a “jewel in the sky” was recently re-listed for the same price as two previously expired listings.
Located at 1011 West Cordova St., unit 4501 is just below the penthouse and is a corner estate at the Fairmont Pacific Rim. It was recently listed for $7,398,000, the same price it was listed for in two previous listings since May 2025.
To put the list price into perspective, last year, we covered the sub-penthouse sale, which sold for $9,500,000.
The unit offers 270˚ views of Stanley Park, Coal Harbour, the North Shore Mountains, and other landmarks in the region, including the Lions Gate Bridge.
The unit was a custom design from James Cheng.
Over the last eight to nine years, the assessed value has fluctuated quite a lot. The highest the unit has been assessed in that span of time was in 2019, when it was assessed at $6,907,000.It’s currently assessed at $4,771,000 as of the most recent BC assessment, the lowest assessed value since 2017.
Rennie & Associates Realty Ltd.
Featuring two bedrooms, three bathrooms, and 2,242 sq. ft. of total living space, the property was last sold in 2010 for $4,097,000, the same year it was constructed.
Rennie & Associates Realty Ltd.
The listing from Rennie & Associates says the unit features a perfect layout, including floor-to-ceiling windows, a custom media wall, and the bedrooms both featuring custom millwork and “indulgent ensuites.”
Rennie & Associates Realty Ltd.
Building amenities include a resort-style pool, a gym, a spa and valet service. There’s also room service and a hotel concierge at the owner’s fingertips.
Rennie & Associates Realty Ltd.
If you’re into downtown living, the location is hard to argue with, being near the heart of Vancouver’s city centre.
Rennie & Associates Realty Ltd.
Zealty’s mortgage calculator estimates that with a 20 per cent down payment ($1,479,600), your monthly mortgage payments would amount to around $28,000 per year, along with property taxes of around $22,239.
Another unit in this building was previously linked to the Crown Prince of Dubai.