5028 Payne St, Vancouver, BC | MLS^® R3015540 Property Details

Developers and Investors! Fantastic opportunity in Vancouver’s Transit-Oriented Development (TOD) Tier 1 zone. This single-family home is ideally located just 200 metres from Joyce-Collingwood SkyTrain Station. Under new provincial legislation, the property qualifies for a multi-family development of up to 20 storeys, making it an exceptional site for high-density redevelopment.

General Info

Price $4,590,000

Total Bedrooms 4

Total Bathrooms 4

Half Bathrooms 0

Floor Area Total (sqft) 1960

Lot Size 3504.71

Lot Size Depth Feet

Lot Size Frontage 33.33

Basement None

Basement Features BasementFeatures

Property Metrics

Year Built 2000

Age Of Building 25

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^® # R3015540

Area Vancouver East

Neighbourhood Collingwood VE

City Vancouver

Gross Taxes $7,553.62

Ownership Type Freehold NonStrata

Maintenance Fee -

Community Features Shopping Nearby

Heating & Cooling

Fireplace 1

Heating Type Hot Water, Radiant

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, Rear Access

Total Parking Spaces 3

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Strata Restrictions -

Rental Restrictions -

Zoning RM-9BN

Rental Suites -

# of Kitchens 1

Foundation Concrete Perimeter

Locker -

View -

View Description -

Units In Development -

Exterior Features Private Yard

Sewer Public Sewer, Sanitary Sewer, Storm Sewer

Roof Asphalt

Property History

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Status	Date	Price

Rooms

Floor	Type	Dimensions
Main Level	Living Room	12'7 x 12'7 ft
Main Level	Dining Room	13'5 x 13'5 ft
Main Level	Study	8'6 x 8'6 ft
Main Level	Games Room	13' x 13' ft
Main Level	Den	8'6 x 8'6 ft
Main Level	Bedroom	11'9 x 11'9 ft
Above Level	Living Room	11'11 x 11'11 ft
Above Level	Kitchen	10' x 10' ft
Above Level	Nook	10' x 10' ft
Above Level	Primary Bedroom	10'2 x 10'2 ft
Above Level	Bedroom	10' x 10' ft
Above Level	Bedroom	10'9 x 10'9 ft

Bathrooms

Floor	Ensuite	Pieces
Main Level	No	#3
Main Level	No	#3
Above Level	Yes	#3
Above Level	No	#3

Listed by: Dracco Pacific Realty & Dracco Pacific Realty

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

Graham Bruce Community Elementary School

0.47 km

Secondary

Windermere Community Secondary School

1.13 km

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

Private Schools

Elementary

St.Mary's School

0.34 km

9.4/10

Excellent

Secondary

Vancouver Formosa Academy

1.34 km

Closest Transit

Bus Stop

Southbound Joyce St @ Wellington Ave

0.12 km

Skytrain

Skytrain @ Joyce Stn

0.19 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 5028 Payne Street, a beautiful home in the heart of Vancouver, BC!

As we walk through the community, you'll notice the excellent schools that cater to families of all ages. Let's talk about the schools near this stunning property.

Education: The property is serviced by the highly-rated Graham Bruce Community Elementary School, located just 0.47 km away. This school has a strong reputation for providing a nurturing environment for young minds. Additionally, Windermere Community Secondary School is located 1.13 km from the property, offering a comprehensive education for students in grades 8-12.

For families seeking an independent school option, St. Mary's School is just 0.34 km away, with a 9.4/10 rating. This school is known for its strong community values and excellent academic programs. Another excellent option is Vancouver Formosa Academy, located 1.34 km from the property, which offers a unique and enriching educational experience.

Safety: According to the latest crime statistics from Statistics Canada (2020), this neighbourhood has an Average crime rate of 7,470.82 incidents per 100,000 population. This is comparable to other Canadian cities. The year-over-year change in the total crime rate is a notable -14.94%.

Breaking down the crime statistics, we see that the drug crime rate is Average, with a rating of 229.49 and 1,604 incidents in 2020. The year-over-year change in the drug crime rate is 1.58%. Property crimes in the neighbourhood are Above Average, with a rating of 5,020.27 and 35,089 incidents in 2020. The year-over-year change in the property crime rate is -20.80%. Violent crime rates are Below Average, with a rating of 1,311.69 and 9,168 incidents in 2020.

Community Amenities: The property is close to public transportation, with the Southbound Joyce St @ Wellington Ave bus station just 0.12 km away.

Demographics: The neighbourhood around 5028 Payne Street has a unique demographic profile. 22.5% of the population has a university certificate or degree, which is Above Average compared to other BC neighbourhoods. On the other hand, 20.2% of the population has no certificate or degree, which is Average compared to the BC average.

In terms of income, the median household income is $65,664, which is Above Average in comparison to other British Columbia neighbourhoods. The median personal income is $26,218, which is Low in comparison to the BC average. Notably, 58.6% of households in this census subdivision have a mortgage, which is Average.

Unemployment: The unemployment rate in the area is 6.2%, which is Below Average in comparison to other Canadian neighbourhoods.

Growth and Development: The population change between 2011 and 2016 was 1.3%, which is Average in comparison to the average growth rate of this region.

Lifestyle: The property is located in the Collingwood VE neighbourhood, which has a population density of 7,871.4 people per square kilometre. This is High compared to other neighbourhoods. The average size of families in the area is 2.9, which is Average in comparison to the whole region. Notably, 70.3% of families in the area have children, which is High.

The average age of the population in the area is 40.3, which is Average in comparison to other BC cities. The average value of dwellings in the area is $948,352, which is High compared to other areas in British Columbia.

Home Ownership and Renting: The average owner payments in the area are Above Average, with owners spending an average of $1,431 per month. Tenants in the area pay an average of $1,074 per month, which is Average in comparison to other cities.

Language and Transportation: 34.5% of the population in the area are renters, which is Above Average in comparison to other BC cities and areas. 43.7% of the population use public transportation, which is High. 52.5% of the population use cars, which is Low. 1.1% of the population use bicycles, which is Average. 1.7% of the population walk, which is Low.

In summary, 5028 Payne Street is a beautiful home in a vibrant neighbourhood with excellent schools, a safe community, and a diverse demographic profile. With its unique blend of amenities and lifestyle options, this property is an excellent choice for families and individuals looking for a place to call home in Vancouver, BC.

MLS^® R3015540: Don't miss out on this incredible opportunity to own a piece of Vancouver

5028 Payne St, Vancouver, BC, MLS^® R3015540