Priced well below assessed value! Discover the untapped potential at 5989 Fremlin Street in Vancouver's vibrant Oakridge neighborhood! This charming 4038 sq ft, 5-bed, 3-bath single-family home sits on a spacious lot, blending classic appeal with modern opportunity. Nestled near Oakridge Centre, transit, and green spaces, it's perfect for families or investors. Under the groundbreaking new R1-1 Zoning designation (effective 2025), redevelop into a multiplex masterpiece! Unlock up to 3-8 units on this lot, enabling ground-oriented multi-family housing while preserving neighborhood character. Ideal for savvy developers eyeing Vancouver's housing boom—boost density, value, and returns without the old RS restrictions.
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Property History
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| Status | Date | Price |
|---|
Rooms
| Floor | Type | Dimensions |
|---|---|---|
| Main Level | Foyer | 6'3 x 6'3 ft |
| Main Level | Living Room | 15'4 x 15'4 ft |
| Main Level | Dining Room | 13'2 x 13'2 ft |
| Main Level | Family Room | 14'7 x 14'7 ft |
| Main Level | Primary Bedroom | 13'11 x 13'11 ft |
| Main Level | Bedroom | 11'5 x 11'5 ft |
| Main Level | Bedroom | 11'5 x 11'5 ft |
| Main Level | Kitchen | 8'10 x 8'10 ft |
| Main Level | Nook | 7'5 x 7'5 ft |
| Main Level | Storage | 4'11 x 4'11 ft |
| Below | Recreation Room | 14'11 x 14'11 ft |
| Below | Laundry | 22'2 x 22'2 ft |
| Below | Bar Room | 21'10 x 21'10 ft |
| Below | Bedroom | 11'5 x 11'5 ft |
| Below | Bedroom | 14'4 x 14'4 ft |
| Below | Storage | 11'5 x 11'5 ft |
Bathrooms
| Floor | Ensuite | Pieces |
|---|---|---|
| Main Level | Yes | #4 |
| Main Level | No | #5 |
| Below | No | #4 |
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.
Public Schools
Information includes BC Government Open License data; school details change often and are offered solely as general guidance.
Private Schools
Closest Transit
Noise/ Power Lines
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Welcome to the charming Oakridge VW neighborhood, where the perfect blend of nature, culture, and community awaits you at 5989 Fremlin Street, Vancouver, BC, MLS® R3072843. As your trusted realtor, I'm delighted to take you on a tour of this incredible property and its surroundings.
Let's start with the education system. The property is serviced by the highly-rated Dr. Annie B. Jamieson Elementary School, which is just a 0.59 km walk from the property. With a rating of 8.3/10, this school is a great option for families. If you're looking for an independent elementary school, Vancouver College is just 0.84 km away, boasting a stellar rating of 10/10.
As for secondary education, the Pacific Torah Institute is conveniently located just 0.27 km from the property, offering a unique learning experience. While it doesn't have a rating, it's a great option for families seeking an independent education.
Now, let's talk about safety. According to the freshest crime data from Statistics Canada (2020), the neighbourhood surrounding 5989 Fremlin Street, Vancouver, BC, has an overall crime rate of 7,470.82, which is considered Average compared to other Canadian cities. However, it's worth noting that the rate has decreased by 14.94% year-over-year.
When it comes to drug-related incidents, the neighbourhood has an Average rating, with 229.49 incidents per 100,000 population. While this might raise some concerns, it's essential to note that the rate has increased by 1.58% year-over-year.
Property crimes, on the other hand, are a concern, with a rating of Above Average. There were 35,089 incidents in 2020, but the rate has decreased by 20.80% year-over-year. Violent crimes, however, are Below Average, with 1,311.69 incidents per 100,000 population.
Now, let's discuss the community. The neighbourhood is conveniently located near the Southbound Oak St @ W 43 Ave bus station, just 0.11 km away from the property.
When it comes to education, 43.9% of the population in the area surrounding 5989 Fremlin Street, Vancouver, BC, has a university certificate or degree, which is considered High compared to other BC neighbourhoods. On the other hand, 12.3% of the population has no certificate or degree, which is Below Average compared to the average in BC.
In terms of income, the median household income is $58,197, which is Below Average compared to the British Columbia average. The median personal income is $27,930, which is also Below Average compared to the BC average. Additionally, the percentage of households with a mortgage is 36.6%, which is considered Low.
The unemployment rate in the area surrounding 5989 Fremlin Street, Vancouver, BC, is 6.1%, which is Below Average compared to other province neighbourhoods.
The population growth in the area has been impressive, with an 8.3% increase between 2011 and 2016, which is High compared to the average growth rate of the region. The population density is 3,781.5 people per square kilometre, which is High.
Families in the area are mostly comprised of two parents, with an average family size of 2.9, which is Average compared to the whole region. However, 63.3% of families have children, which is Above Average. The percentage of married or living common-law couples is 54.4%, which is Below Average.
The average age of the population is 44.1 years old, which is Above Average compared to other BC cities. The average value of dwellings in the area is $2,242,269, which is High compared to other areas in British Columbia.
When it comes to housing costs, owners spend an average of $1,928 per month, while tenants pay $1,490, which is High compared to other cities.
Lastly, 36% of the population in the area surrounding 5989 Fremlin Street, Vancouver, BC, are renters, which is Above Average compared to other BC cities and areas.
As you can see, 5989 Fremlin Street, Vancouver, BC, MLS® R3072843, is an excellent choice for families and individuals alike. With its proximity to top-rated schools, public transportation, and community amenities, this property offers the perfect blend of convenience, education, and community. Don't miss out on this incredible opportunity to make 5989 Fremlin Street your home. Contact me today to schedule a viewing and make your dreams a reality.
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