Ōku Presale Condo Pricing, Incentives & Special Offers in Vancouver
(Updated on June 8, 2026)
Starting From:Starting from $599,800
Estimated Completion: 2026
Buyer Incentives and Promotional Offers – June 2026 Update
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Holiday Buyer Incentives Closing!
Holiday Buyer Incentives are closing.
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Earn one hour PDP credit for attending the event.
One hour PDP credit for attending realtors.
One hour PDP credit for attending the event.
Rental Guarantee Program, providing 2 years of stable rental income for qualifying homes.
Time-limited opportunity: Rental Guarantee Program, providing 2 years of stable rental income for qualifying homes.
A 2-Year Rental Guarantee Program, providing 2 years of stable rental income for qualifying homes.
One year of Mortgage Payments
One year of Strata Fees
2-Year Rental Guarantee Program offering stable rental income
Limited-Time only
The developer will pay for One year of Mortgage Payments
The developer will pay for One year of Strata Fees
Lunar New Year Special Offer
Developer will pay for One year of Mortgage Payments
Developer will pay for One year of Strata Fees
CHINESE NEW YEAR SPECIAL OFFER
The developer will pay for: One year of mortgage payments
The developer will pay for: One year of strata fees
REDMA COMPLIANCE: All incentive and pricing information is automatically extracted from developer communications and is subject to change without notice. This information does not constitute a binding offer. All sales are subject to execution of Purchase and Sale Agreement and developer approval. Prospective purchasers must verify current incentives and pricing directly with the developer’s authorized sales representatives and review all REDMA-required disclosure documents before making purchase decisions. Licensed real estate services provided under RESA regulations. E.&O.E.
Oku by Ulmus Development is a 6-storey condo development located on Vancouver’s West Side. This development is located in a highly sought-after neighbourhood and is offers a home for people in all stages of life. It features studio, 1, 2, and 3 bedroom units, ranging in size from 456 to 1,164 square feet. A ground floor amenity space will feature an entertainment room, lounge seating, kitchen, fitness room, and co-working spaces. Two outdoor public courtyards will feature public art, community gardens, and a kid’s play space. A 2-level underground parkade will offer secure residential, visitor and accessible parking.
Choosing Ōku living means access to the West Side’s finest amenities, such as waterfronts, trails, parks, shopping, dinning, recreations, schools, grocers and more. This location is near Oakridge shopping centre and services, as well as, Marpole Village services, shopping, and restaurants. It is also only a short drive to downtown Vancouver, McArthurGlen Designer Outlets, YVR Airport, and No. 3 Road shopping centres.
Location & SkyTrain Access
8030 Oak Street is located in the heart of Marpole, a well-established neighbourhood on Vancouver’s West Side. Oak Street provides direct access north to Downtown Vancouver and south toward Richmond and Vancouver International Airport. The area is serviced by frequent bus routes along Oak Street, making daily commuting straightforward.
The Marine Drive–Canada Line SkyTrain Station is within walking distance, connecting residents quickly to Downtown Vancouver, Richmond City Centre, and YVR. Nearby amenities include Oak Park, David Lloyd George Elementary, Churchill Secondary School, and the retail services along Marine Drive and Cambie Street. Oakridge Centre is also a short drive or transit trip away.
Pricing for Ōku by Ulmus
Since completion, homes at Ōku by Ulmus have been listed on the MLS at market-driven prices rather than presale pricing. One-bedroom homes have generally entered the market in the upper $800,000 range, while two- and three-bedroom residences exceed $1,000,000 depending on size, exposure, and level.
Larger three-bedroom homes, offering close to 1,000 square feet of interior space, represent the upper tier of pricing within the building. Final sale prices vary by unit and market conditions, reflecting the limited supply of newer concrete condos in Marpole.
Floor Plans for Ōku by Ulmus
Ōku by Ulmus features a range of thoughtfully designed layouts:
One-bedroom and one-bedroom plus flex homes
Efficient two-bedroom floor plans
Family-oriented three-bedroom residences
Open-concept kitchens and living areas maximize usable space, while larger homes include flex rooms suitable for home offices or study areas. Floor-to-ceiling windows enhance natural light and reinforce the building’s modern design language.
Interiors
Interior finishes at Ōku by Ulmus emphasize durability, comfort, and restrained elegance. Homes feature wide-plank flooring, quartz countertops, and contemporary cabinetry. Kitchens are equipped with integrated European-style appliances, while bathrooms reflect a clean, spa-inspired aesthetic.
Climate control is supported by energy-efficient systems, and parking stalls are designed to accommodate electric-vehicle charging infrastructure. These features align with current expectations for newer Vancouver real estate, particularly in transit-oriented developments.
Amenities in the Building
Amenities at Ōku by Ulmus are practical and resident-focused rather than excessive. They include:
A fitness centre
Shared co-working or lounge space
A resident entertaining room
Secure bike storage and underground parking
Landscaped common areas
These spaces are designed to support everyday living while maintaining manageable operating costs for the strata.
Airbnb Policy
Ōku by Ulmus at 8030 Oak Street is not listed as an approved short-term rental building under City of Vancouver guidelines. As a result, Airbnb and short-term rentals are not permitted, unless otherwise confirmed by the strata bylaws and municipal regulations.
Developer Information
Ōku by Ulmus was developed by Ulmus Development, a Metro Vancouver real estate developer focused on mid-rise residential projects in established neighbourhoods. Ulmus Development is known for delivering modern, design-forward buildings that emphasize livability, efficient layouts, and long-term value rather than speculative density.
The developer’s work reflects a commitment to integrating new housing into existing communities, particularly along transit corridors such as Oak Street. At Ōku by Ulmus, this approach is evident in the building’s scale, unit mix, and family-friendly orientation within Marpole.
Completion Date for 8030 Oak Street
Construction at Ōku by Ulmus reached completion in 2025, with homes becoming available for occupancy shortly thereafter. The building has fully transitioned from presale to completed status, and all current offerings are resale listings.
Frequently Asked Questions
When will Oku 64|Oak be completed?
Completion is estimated for 2026.
Who is developing Oku 64|Oak?
Oku 64|Oak is developed by Ulmus Development.
Is Oku 64|Oak close to SkyTrain?
Yes, Oak St FS w 67 Ave is 175m away (2 minute walk).
What grocery stores are near Oku 64|Oak?
Grand Marpole Market, Safeway Marpole within convenient distance.
What shopping is near Oku 64|Oak?
Marine Gateway is 1029m away with convenient shopping options.
What schools are near Oku 64|Oak?
Royal Canadian Christian School (967m) and Sir Winston Churchill Secondary School (969m) are nearby.
What restaurants are near Oku 64|Oak?
Walking distance to 3 restaurants in the area.
What parks are near Oku 64|Oak?
Oak Park (369m) offers green space and recreation.
Is Oku 64|Oak near a hospital?
Richmond Laser Skin Care Centre Ltd is 3.0km away.
What’s the GST rebate for new construction in BC?
First-time home buyers in BC can receive up to $36,000 in combined GST and PTT rebates. Calculate GST on new homes in BC to find out your exact savings.
Where can I find all presale condo assignments across BC?
Ground floor amenity space w/ entertainment room, kitchen, fitness room, co-working space; Outdoor public courtyards w/ public art, community garden & kid's play space
Parks:
Oak Park
Transit:
Close to bus routes & Marine Gateway Station
Local Attractions:
Access to West Side's waterfronts, trails, parks, shopping, dinning, recreations, schools, grocers & more; Near Oakridge shopping centre & services; Short drive to downtown Vancouver, McArthurGlen Designer Outlets, YVR Airport & No. 3 Road shopping centres
