Updated 5+ Days Ago
Location
12 Water St, Vancouver, BC V6B 1A5, CAN|Downtown Vancouver
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Management
Bodewell Real Estate Management
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Property Overview
The Water Street Garage earns a strong overall rating, with standout marks for price and location, along with solid amenities and trustworthiness. It also offers 15 photos, giving renters a helpful visual look at the property and its features.
This summary uses Zumper’s proprietary data. “Zumper Expert Ratings” and “Things you’ll love” are based on our internal analyses of market trends and renter insights.
Things you’ll love
Images Available
Floor plans
| 307 | 1 bed | 1 bath | 902 sqft | $2,650 /mo | 1 unit available |
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Amenities for The Water Street Garage
Apartment Amenities
| Utilities Included |
Grounds
| Assigned Parking |
Units, floor plans, amenities, dimensions, details, availability, and prices may be approximate and subject to change. Please contact a community representative for more information.
Policies and fees
Applicants
Applicants
One-time.
Contact Property
REQUIRED FEES
Security Deposit
One-time. Refundable.
Contact Property
Parking Policy
Assigned Parking
Dog Policy
Not allowed
Cat Policy
Not allowed
No pets allowed.
Questions about this property’s policies and fees?
Building details
Property details
| Lease terms | 12 months |
|---|
About The Water Street Garage
Gastown Heritage Loft – Water Street Garage Video Tour: [bodewell \[dot\] ca/property/garage-307/](https www bodewell ca property garage-307 ) Location: 12 Water Street Availability: Immediately Bedrooms: 1 bedroom Bathrooms: 1 full bathroom Indoor Square Footage: 902 sq ft Furnishings: Unfurnished Floor: 3rd Pets: No, sorry Parking: 1 parking stall Storage Locker: 1 storage locker Tenancy Length: Minimum one year lease Utilities Included: Gas and hot water. Utilities and cable/internet are the tenant’s responsibility. Features Include: • Stainless steel and integrated appliances: fridge, gas cook top, oven, dishwasher, and microwave • Plenty of storage throughout • Central air-conditioning & heating • High ceilings • Spacious primary bedroom • Large bathroom with access from hallway and bedroom • Beautiful brick wall stretching the length of the property • Faces courtyard in back • In-suite washer and dryer Lease Terms: • 1/2-month security deposit required. • Tenants are responsible for the Strata Move-in fee of $250 (subject to variation per current bylaws/rules) • Tenants are required to obtain sufficient insurance to cover personal belongings against loss or damage from any cause and for third-party liability. • Quiet and responsible tenants preferred. • Reference and credit checks required. • No smoking. Listing Brokerage: Bodewell This property is professionally managed and marketed by Bodewell. Bodewell does not charge prospective tenants any application, handling or processing fees. We are a fully licensed brokerage with the Real Estate Council of British Columbia and act as the agent/marketer for the owner.
Zumper Expert Rating
Our expert rating is based on a weighted average score of property attributes that renters care about most: price, amenities, location, quality, and trust.
8.3
/10
Very GoodWith a solid 8.3 out of 10 overall, The Water Street Garage is a great option for renters. While some aspects, like Quality, might not be as distinguished as other properties nearby, The Water Street Garage has a number of attractive features—namely its Price— so you can be assured your rent will come with a high standard of living.
Price·10A score that weighs the cost and location of the property, which we calculate by comparing rent prices of recent units to the median price of nearby rentals, adjusting for overall quality and features.
The Water Street Garage offers an excellent balance between price and value. It's priced competitively for its amenities, location, and other key features. Compared to the median price per bedroom in the area, this property is less than, or about the same as, nearby rentals, so residents can expect great value without too many compromises on their desired standard of living.
Amenities·8A score based on the amenities offered at this property compared to other rentals in the area. We consider the quantity, quality, and popularity of features both on site and within the units.
With multiple in-demand amenities, The Water Street Garage is committed to enhancing the renting experience. And while it may have fewer total conveniences and features than similar rentals nearby, it remains a top choice for renters wanting an specific standard of living.
Location·9A score based on proximity and ease of access to shops, restaurants, schools, and public transportation while considering the desirability of the area.
The Water Street Garage is exceptional when it comes to location and conveniences. Communication with management or leasing staff is usually quick and easy and they often use advanced scheduling and communication tools to streamline the process. The location of this property offers easy access to popular points of interest in the area and options for getting around.
Quality·6A score based on what makes the property stand out, such as luxury features, unique offerings, age of the building, and our ability to verify the accuracy of these details.
While The Water Street Garage does not have many hallmark characteristics to highlight, it has some qualities and features that will resonate with a broad range of renters.
Trustworthiness·7A score based on the accuracy, completeness, recency, and usefulness of the information provided by this property, so you can trust that what you see is what you get.
The Water Street Garage provides some information about the features available in the community and its apartments, making it a reliable option for prospective renters. Renters should ask additional questions about amenities and non-negotiable items they are looking for.
Property highlights
We compared every listing in the surrounding area to determine which amenities are most common. If a building lacks an amenity that most others in the area have, it is a con. If a building has an amenity most others in the area do not, it is a pro. Similarly, price, schools, and size are calculated relative to the size, price, and distance to schools of the other properties nearby.How The Water Street Garage compares to other nearby properties.
Positives
- Images Available
- There are at least 10 photos of this property
Considerations
- Fewer storage options
- Limited cabinet or closet space
- No elevator
- Accessibility options are limited
- No laundry facilities available
- This property doesn't offer on-site washers and dryers
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Rent trends in Downtown Vancouver
1-bedroom apartments at The Water Street Garage cost about 2% less than the average rent price for 1-bedroom apartments in Downtown Vancouver.
Median rents as of Oct 10 2026.
Downtown Vancouver
Vancouver
| Month | Median Rent |
|---|---|
| October 2024 | $2,200 |
| November 2024 | $2,198 |
| December 2024 | $2,198 |
| January 2025 | $2,249 |
| February 2025 | $2,217 |
| March 2025 | $2,158 |
| April 2025 | $2,217 |
| May 2025 | $2,259 |
| June 2025 | $2,256 |
| July 2025 | $2,195 |
| August 2025 | $2,252 |
| September 2025 | $2,217 |
| October 2025 | $2,175 |
| November 2025 | $2,082 |
| December 2025 | $2,084 |
| January 2026 | $2,090 |
| February 2026 | $2,080 |
| March 2026 | $2,056 |
| April 2026 | $2,049 |
| May 2026 | $2,058 |
| June 2026 | $2,087 |
| July 2026 | $2,057 |
| August 2026 | $2,047 |
| September 2026 | $2,021 |
| October 2026 | $1,995 |
| Month | Median Rent |
|---|---|
| October 2024 | $2,350 |
| November 2024 | $2,327 |
| December 2024 | $2,279 |
| January 2025 | $2,297 |
| February 2025 | $2,274 |
| March 2025 | $2,117 |
| April 2025 | $2,107 |
| May 2025 | $2,202 |
| June 2025 | $2,286 |
| July 2025 | $2,290 |
| August 2025 | $2,295 |
| September 2025 | $2,298 |
| October 2025 | $2,249 |
| November 2025 | $2,150 |
| December 2025 | $2,093 |
| January 2026 | $2,108 |
| February 2026 | $2,099 |
| March 2026 | $2,099 |
| April 2026 | $1,998 |
| May 2026 | $2,089 |
| June 2026 | $2,072 |
| July 2026 | $2,050 |
| August 2026 | $2,000 |
| September 2026 | $1,928 |
| October 2026 | $1,962 |
Affordability calculator
Can I afford to live at 12 Water St?
Bedrooms
1 bedroomRent-to-income ratio
30%
Slide to adjust the percentage of your monthly income you are willing to spend on rent.
The general rule of thumb is to spend around 30% or less of your income on rent.
Recommended income
$106,000/yr
With your selected rent-to-income ratio, you'd ideally want to make $106,000 annually to afford this 1-bedroom monthly rent price of $2,650.
For more information on rent affordability, visit our rent calculator.
Neighborhood
Downtown Vancouver | Vancouver, BC
Getting around Vancouver near 12 Water St
Walking
9/10
No car? No problem. Everything you need is within a few blocks.
Driving
4/10
Roads are accessible, but parking may be a challenge.
Cycling
9/10
Helmets on–you can get anywhere in this cyclist-friendly, well-connected area.
Transit
10/10
Getting around is a breeze; rapid transit and bus lines are a few blocks away.
Points of interest for 12 Water St, Vancouver
Groceries
10/10
Exceptional variety of groceries within a few minutes' walk
Shopping
10/10
Exceptional variety of shops within a few minutes’ walk
Cafes
10/10
Exceptional variety of cafés within a few minutes’ walk
Restaurants
10/10
Exceptional variety of restaurants within a few minutes’ walk
Primary schools
8/10
At least one elementary school within a 10-minute walk
High schools
10/10
At least one high school within a 5-minute walk
Parks
10/10
Exceptionally large amount of park space within a few minutes’ walk
Nightlife
10/10
Exceptional variety of bars right within a few minutes’ walk
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