1505 W 62nd Ave, Vancouver, BC, MLS® R2994420

$3,300,000
Est. Mortgage /mo

Below Assessment Value, 10.8% price reduction

$3,300,000
$3,699,000
Est. Mortgage /mo
Dan Marusin
Dan Marusin
Renanza Realty
778-918-5990
Award-Winning REALTOR® with 11+ Years of Experience Serving Greater Vancouver
Go See This Home Now
8 Beds
5 Baths
2 Stories
lot 5498 sqft
3297 sqft
2005 built
Show more info
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Map
Street view
Schools
Crime
Commute
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1505 W 62nd Ave, Vancouver, BC | MLS® R2994420 Property Details

Below Assessment Value
10.8% price reduction

Priced below assessment $4,102,000. Prestigious South Granville Area! This custom-built 3-level home offers 8 bedrooms , 5 bathrooms , and brand-new appliances , blending modern comfort with style . Situated on a bright corner lot with RM-8N zoning , no rezoning is needed for potential multi-family development, adding significant future value. The basement suite, featuring its own separate entrance and kitchen, generates excellent rental income , making this an even more attractive investment. Located steps from restaurants , shopping, and transit , and within the McKechnie Elementary and Magee Secondary catchment, with top private schools nearby. Easy access to Oakridge Centre, Richmond, and Downtown Vancouver . Ideal as a family home or investment/holding property. Don' t miss out!

General Info

Price $3,300,000
Total Bedrooms 8
Total Bathrooms 5
Half Bathrooms 0
Floor Area Total (sqft) 3297
Lot Size 5498
Lot Size Depth Feet
Lot Size Frontage 53.8
Basement Full
Basement Features BasementFeatures

Property Metrics

Year Built 2005
Age Of Building 20
Building Type Single Family Residence
Property Type Residential
Stories 2
Appliances Included Washer/Dryer, Dishwasher, Refrigerator, Stove
Building Features BuildingFeatures
Structures Residential Detached

Additional Details

MLS® # R2994420
Area Vancouver West
Neighbourhood South Granville
City Vancouver
Gross Taxes $15,282.4
Ownership Type Freehold NonStrata
Maintenance Fee -
Community Features Shopping Nearby

Heating & Cooling

Fireplace 0
Heating Type Natural Gas, Radiant
Cooling Air Conditioning

Utilities

Utility Type Electricity Connected, Natural Gas Connected, Water Connected
Utility Sewer Public Sewer, Sanitary Sewer, Storm Sewer
Water (WaterSource) Public

Parking

Parking Type Garage Triple, Lane Access, Asphalt, Garage Door Opener
Total Parking Spaces 3

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Strata Restrictions -
Rental Restrictions -
Zoning RM-8N
Rental Suites Unauthorized Suite
# of Kitchens 3
Flooring Hardwood, Mixed, Tile
Foundation Concrete Perimeter
Locker -
View Description -
Units In Development -
Sewer Public Sewer, Sanitary Sewer, Storm Sewer
Roof Concrete

Property History

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Status Date Price
Show more

Listed by: Royal Pacific Riverside Realty Ltd.

NOTE: This representation is based in whole or in part on data generated by the Chilliwack & District Real Estate Board, Fraser Valley Real Estate Board or Greater Vancouver REALTORS® which assumes no responsibility for its accuracy.

Neighborhood Info

Public Schools

Elementary
Dr. R. E. McKechnie Elementary School
0.93 km
Elementary
Dr. R. E. McKechnie Elementary School
0.93 km
Secondary
Magee Secondary School
1.74 km

Information includes BC Government Open License data; school details change often and are offered solely as general guidance.

Private Schools

Elementary
Vancouver Hebrew Academy
0.06 km
Secondary
Royal Canadian College
1.81 km

Closest Transit

Bus Stop
Northbound Granville St @ W 62 Ave
0.04 km
Skytrain
Skytrain @ Marine Drive Stn
1.82 km

Noise/ Power Lines

Road/Hwy Noise
Possible
Railway/Sky train Noise
Unlikely
Airport/Port Noise
Unlikely
Close to major Power Lines
Unlikely

Other

Agricultural Land Reserve (ALR)
Unlikely
Flood Area
Unlikely
Close to Cemeteries
Unlikely

Welcome to 1505 W 62nd Avenue, a beautiful property in the heart of Vancouver's South Granville neighborhood, listed as MLS® R2994420. As we walk through this vibrant community, you'll discover a wealth of amenities and attractions that make it an ideal place to call home.

Let's start with the schools. Dr. R. E. McKechnie Elementary School is just 0.93 km from this property and has a rating of No Rating. This school is a great option for families, offering a strong foundation for young learners. For those seeking alternative education options, Vancouver Hebrew Academy, an independent elementary school, is within walking distance at 0.06 km, also with a rating of No Rating. For secondary education, Royal Canadian College, an independent secondary school, is 1.81 km away, also with a rating of No Rating.

Now, let's talk about safety. According to Statistics Canada's 2020 report, there were 52,217 incidents in this neighborhood. The overall crime rate near 1505 W 62nd Avenue, Vancouver, BC, is 7,470.82, which is Average compared to other Canadian cities. However, the year-over-year change in the total crime rate is a positive -14.94%, indicating a decrease in crime. When it comes to drug crimes, the rating is Average, with 229.49 incidents per 100,000 population. Property crimes in the neighborhood are Above Average, with 5,020.27 incidents per 100,000 population. Nonetheless, the year-over-year change in property misconduct rate is a significant -20.80%. Violent crimes are also relatively low, with a Below Average rate of 1,311.69 incidents per 100,000 population.

Getting around is a breeze in this neighborhood. The closest bus station is Northbound Granville St @ W 62 Ave, just 0.04 km away. Whether you commute by bus, car, or bike, you'll find it convenient to get to work, school, or your favorite destinations.

Now, let's dive into the demographics of this charming neighborhood. According to the data, 45.7% of the population has a university certificate or degree, which is High compared to other BC neighborhoods. Conversely, 9.2% of the population has no certificate or degree, which is Low compared to the average in BC. The median household income is $73,280, which is Average in comparison to the British Columbia average. The median personal income is $31,472, which is Below Average compared to the BC average. Interestingly, 47% of households in this census subdivision have a mortgage, which is Low compared to other neighborhoods.

Unemployment rates are Average at 7.2%, which is comparable to other provinces. Population growth between 2011 and 2016 was 7.5%, which is Above Average in comparison to the average growth rate of this region. The population density per square kilometer is 2,070.1, which is Above Average.

Families are a common sight in this neighborhood, with an average family size of 2.9, which is Average compared to the whole region. 68.1% of families in this area have children, which is Above Average. Moreover, 57.3% of the population is married or living common law, which is Average.

The average age of the population is 42.1 years, which is Average in comparison to other BC cities. The average value of dwellings in this neighborhood is $2,249,469, which is High compared to other areas in British Columbia. Average owner payments are High, with $1,935 spent on dwellings. Tenants, on the other hand, pay an average of $1,302, which is Above Average compared to other cities.

34.3% of the population in this district are renters, which is Above Average compared to other BC cities and areas. English and French speakers make up 7.3% of the population, which is Average. English speakers only make up 85.6%, which is Below Average. Neither English nor French speakers account for 7.1%, which is High compared to other BC cities.

The transportation landscape is diverse, with 27.2% of the population using public transport, which is High. Conversely, 65.1% of the population uses cars, which is Low. 2.7% of the population uses bicycles, which is Above Average. 4.5% of the population walks, which is Average.

In conclusion, 1505 W 62nd Avenue, Vancouver, BC, listed as MLS® R2994420, is a fantastic property in a vibrant neighborhood with a strong sense of community. Whether you're a family, a professional, or an individual, this property offers the perfect blend of amenities

Local Info

Calculate your monthly mortgage payments

/month
Principal & Interest
Property Taxes $202
Maintenance fee 0
All figures are informational estimates by Estateblock.com; actual mortgage payments and insurance rates vary by many factors.

Cash Flow Analysis

/month
Mortgage Payment $3201
Monthly Payment $3802
Break Even Down Payment 0%
All figures are informational estimates by Estateblock.com; actual mortgage payments and insurance rates vary by many factors.

Price Evaluation Chart

Filter
Beds Home Types Square Feet Lot Size Year Built
This Home $3,300,000
Vancouver No comparables
South Granville No comparables
Data is based on list prices of similar active listings. This representation is based in whole or in part on data generated by the Chilliwack & District Real Estate Board, Fraser Valley Real Estate Board or Real Estate Board of Greater Vancouver which assumes no responsibility for its accuracy

Listing Price Comparision

This house $1,400,000
Surrey

No comparables

Fleetwood Tynehead $1,399,000 -6.38%
Data is based on list prices of similar active listings. This representation is based in whole or in part on data generated by the Chilliwack & District Real Estate Board, Fraser Valley Real Estate Board or Real Estate Board of Greater Vancouver which assumes no responsibility for its accuracy
Dan Marusin
Dan Marusin
Renanza Realty
778-918-5990
Award-Winning REALTOR® with 11+ Years of Experience Serving Greater Vancouver

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