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2 Days Ago

Location

55 Water St, Vancouver, BC V6B 1A1, CAN|Downtown Vancouver
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Contact

Management

Reliance Properties

Our team has verified this company

Leasing office

(604) 970-2739

Property Overview

55 Water Street is an exceptional rental option, receiving a perfect 10 out of 10 rating across various criteria, including price, amenities, location, quality, and trustworthiness. With an impressive array of amenities and a strong emphasis on transparency, this property exemplifies a commitment to providing a superior living experience. Additionally, the availability of 27 photos offers potential renters a comprehensive visual overview of the property.

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.

Zumper Expert Rating

10
Excellent
With an impressive overall rating of 10 out of 10, 55 Water Street is one of the top properties in Downtown Vancouver. It stands out for Price, Amenities, and Location, so residents can expect their monthly rent payments to give them elevated features, an exceptional standard of living, and a phenomenal experience.

Things you’ll love

  • Dishwasher
  • Elevator
  • Images Available

Floor plans

Big 1 bedroom unit1 bed1 bath781 sqft$2,800 /mo1 unit available
Massive 1 bedroom unit1 bed1 bath907 sqft$2,995–$3,000 /mo
Massive 2 bedroom LIVE/WORK unit3 bed2 bath1,997 sqft$5,400 /mo1 unit available

Let's explore this property.

Amenities for 55 Water Street

Apartment Amenities

Central HeatHardwood Floor
ViewWindow Coverings

Appliances

DishwasherDishwasher Available
FridgeIn-Unit Laundry
Individual ThermostatsStove
Washer In-Suite

Building

Controlled AccessElevator
Fitness CenterOnsite Laundry
Recreation RoomResidents Lounge
Roof DeckVideo Surveillance
Wheelchair Accessible

Grounds

Assigned ParkingGarage Parking
Storage

Services

On-Site Management

Neighborhood

Convenience StorePublic Transit
Shopping Nearby
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

No pets allowed.

Parking

Assigned ParkingContact for Price
Garage ParkingContact for Price

Required one-time fees

Security Deposit$2,800
Building details

Property details

Year built2012
Lease terms12 months
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About 55 Water Street

HomeApartments in VancouverDowntown Vancouver 55 Water Street

Located at the heart of historic Gastown, 55 Water is at the center of Vancouver's most vibrant neighborhood. The fully renovated 1912 Malkin & Co. Grocery Warehouse is one of the city's most significant heritage conversions. The homes at 55 Water Street feature separate areas for living and working and bedrooms have large windows to capture the mountain or street views. Exposed brick & timber interior walls and sandblasted timber beams and columns retain the feeling of the original structure, while ensuite bathrooms, walk-in closets, new fir plank flooring, and custom kitchens provide the best of modern interior design.


Year Built: 2012

Go to property website

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.
10
/10
Excellent
With an impressive overall rating of 10 out of 10, 55 Water Street is one of the top properties in Downtown Vancouver. It stands out for Price, Amenities, and Location, so residents can expect their monthly rent payments to give them elevated features, an exceptional standard of living, and a phenomenal experience.
How we rated 55 Water Street
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.
55 Water Street 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·10A 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.
55 Water Street stands out as a premier property with an impressive array of amenities and an excellent standard of living. Residents here have access to many of the most popular and desired perks—in-unit laundry—making this one of the top choices for renters seeking unparalleled comfort and convenience.
Location·10A score based on proximity and ease of access to shops, restaurants, schools, and public transportation while considering the desirability of the area.
55 Water Street offers residents unparalleled convenience to popular points of interest, transportation, schools, and more, which provide an elevated quality of life. Communication with management is usually quick and easy, allowing for a more expedited application and renting process, saving you time and money.
Quality·10A 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.
55 Water Street has notable characteristics that give it an edge. It is a verified property that stands out from others nearby as an exceptional choice for renters looking for a specific lifestyle. Offering a combination of prestige, modernity, and tailored living experiences, residents can expect nothing short of excellence at 55 Water Street.
Trustworthiness·10A 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.
55 Water Street sets a high bar for up-to-date information, transparency, and thoroughness in marketing and communication. It's verified, offers multiple lifestyle photos, and provides detailed information about its features and attributes. The clarity it provides sets it apart from other rentals, making 55 Water Street a trustworthy choice for potential residents.

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 55 Water Street compares to other nearby properties.

Positives

Dishwasher
Dishwasher available in kitchen
Elevator
Improved accessibility features
Images Available
There are at least 10 photos of this address
Laundry available on site
Washers and dryers are available in-building or in-unit

Considerations

Grow a garden indoors
A balcony, backyard, or shared outdoor space isn't available

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Rent trends in Downtown Vancouver

1-bedroom apartments here are priced 4% higher than 1-bedrooms in Downtown Vancouver.

3-bedroom apartments at 55 Water Street cost about 19% less than the average rent price for 3-bedroom apartments in Downtown Vancouver.

Median rents as of Sep 13 2025.
Downtown Vancouver
Vancouver
A table of studio rental data trends in Vancouver
MonthMedian Rent
September 2023$2,500
October 2023$2,473
November 2023$2,440
December 2023$2,438
January 2024$2,412
February 2024$2,364
March 2024$2,368
April 2024$2,313
May 2024$2,315
June 2024$2,304
July 2024$2,319
August 2024$2,340
September 2024$2,312
October 2024$2,254
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$2,219
A table of studio rental data trends in Downtown Vancouver
MonthMedian Rent
September 2023$2,536
October 2023$2,541
November 2023$2,508
December 2023$2,501
January 2024$2,503
February 2024$2,559
March 2024$2,500
April 2024$2,417
May 2024$2,463
June 2024$2,470
July 2024$2,459
August 2024$2,474
September 2024$2,452
October 2024$2,376
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$2,300

Affordability calculator

Can I afford to live at 55 Water St?

Bedrooms

Rent-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

$115,900/yr

With your selected rent-to-income ratio, you'd ideally want to make $115,900 annually to afford this 1-bedroom median monthly rent price of $2,897.
For more information on rent affordability, visit our rent calculator.
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Internet available near 55 Water Street

Neighborhood

Downtown Vancouver | Vancouver, BC

NEIGHBORHOOD VIBE
Lively and energetic
You’ll be in the heart of the action in this bustling and vibrant area with plenty of shopping, nightlife, and culture.

Getting around Vancouver near 55 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 55 Water St, Vancouver

Groceries

10/10
At least one supermarket within a 5-minute walk

Shopping

10/10
Exceptional variety of shops within a few minutes’ walk

Cafes

9/10
Exceptional variety of cafés within a few minutes’ walk

Restaurants

9/10
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

Explore the area around 55 Water St

Nesters Market
333 Abbott St
Victory Food Market
166 Hastings St W
A & B Minimart
249 Main St
T&T Supermarke Inc
179 Keefer Pl
Dar Foods Ltd
399 Powell St

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