6615 Balsam St, Vancouver, BC, MLS® R2896849

$13,850,000
Est. Mortgage /mo

22.2% price reduction

$13,850,000
$17,800,000
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
7 Beds
8 Baths
2 Stories
lot 11817 sqft
6912 sqft
2024 built
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6615 Balsam St, Vancouver, BC | MLS® R2896849 Property Details

22.2% price reduction

HUGH LOT 11,817 SQFT, the Arbutus Residence stands as a timeless testament to meticulous design & unparalleled comfort. This elegant 7,282 SQFT European Italian-style. Featuring 7 beds 8 baths, the 3 levels home boasts a grand 20' high foyer with soaring ceilings. Open living areas seamlessly connect to a top-brand appliance-equipped Gaggenau kitchen, leading to a private garden and outdoor swimming pool. Smart home system and private elevator. A swimming pool, spacious recreation room, a stunning home theater, advanced audio, sauna & GYM. Steps away from Maple Grove Park and Kerrisdale's amenities, Magee Secondary, Maple Grove Elementary, close to Crofton House & St. Georges private schools, UBC & 5 Golf Courses. Age of building as per occupancy permit date.

General Info

Price $13,850,000
Total Bedrooms 7
Total Bathrooms 7
Half Bathrooms 1
Floor Area Total (sqft) 6912
Lot Size 11817
Lot Size Depth Feet
Lot Size Frontage 48.7
Basement Full
Basement Features BasementFeatures

Property Metrics

Year Built 2024
Age Of Building 1
Building Type Single Family Residence
Property Type Residential
Architecture Style Laneway House
Stories 2
Building Features BuildingFeatures
Structures Residential Detached

Additional Details

MLS® # R2896849
Area Vancouver West
Neighbourhood S.W. Marine
City Vancouver
Gross Taxes $23,298.6
Ownership Type Freehold NonStrata
Maintenance Fee -
Community Features Shopping Nearby
Fixtures Included -

Heating & Cooling

Fireplace -
Heating Type Radiant

Utilities

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

Parking

Parking Type Garage Double
Total Parking Spaces -

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Strata Restrictions -
Rental Restrictions -
Zoning RS-5
Rental Suites -
# of Kitchens 2
Foundation Concrete Perimeter
Locker -
View -
View Description -
Units In Development -
Exterior Features Balcony
Sewer Public Sewer, Sanitary Sewer, Storm Sewer
Roof Asphalt

Property History

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Status Date Price
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Listed by: Amex Broadway West 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

Secondary
Magee Secondary School
0.82 km
Elementary
Maple Grove Elementary School
Above Average
0.94 km
8.6/10

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

Private Schools

Elementary, Secondary
Crofton House
1.45 km
Elementary, Secondary
Crofton House
1.45 km

Closest Transit

Bus Stop
Eastbound W 49 Ave @ Balsam St
0.15 km
Skytrain
Skytrain @ Langara-49Th Stn
3.30 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 6615 Balsam Street, a charming property nestled in the heart of Vancouver, BC. This sought-after residence boasts a prime location, excellent schools, and a desirable community. If you're considering making this property your home, let's explore what it has to offer.

Exceptional Education

The property is serviced by Maple Grove Elementary School, a highly-rated institution within a stone's throw away – just 0.94 km from the property. With a stellar rating of 8.6/10, Maple Grove Elementary is an excellent choice for families, offering a nurturing environment that fosters academic growth and personal development. Additionally, the nearby Magee Secondary School, located 0.82 km from the property, provides a seamless transition to high school, with its own unique strengths and opportunities.

A Safe and Secure Community

According to Statistics Canada's 2020 report, the neighbourhood surrounding 6615 Balsam Street, Vancouver, BC (MLS® R2896849) boasts an Average crime rate, compared to other Canadian cities. This means residents can enjoy peace of mind, knowing that their community is well-maintained and secure. With a low incidence of violent crimes (Below Average rate), this neighbourhood is an attractive choice for families and individuals seeking a safe and welcoming environment.

Diverse and Vibrant Community

This neighbourhood adjacent to the listing MLS® R2896849 is home to a diverse population, with 45.8% of residents holding a university certificate or degree – a High percentage compared to other BC neighbourhoods. This translates to a community that values education and personal growth. The median household income is $99,520, also High compared to the British Columbia average, indicating a stable and prosperous community. With a median personal income of $35,100, which is Average in comparison to the BC average, this neighbourhood offers a great balance of individual economic stability and community cohesion.

Convenient Location

The property's proximity to public transportation makes it an attractive option for commuters. The closest bus station, Eastbound W 49 Ave @ Balsam St, is just 0.15 km away from the listing MLS® R2896849. This convenient access to public transportation reduces the need for personal vehicles, making it an eco-friendly and cost-effective choice.

A Thriving Community

This real estate listing # R2896849 is situated in the S.W. Marine area, where the population change between 2011 and 2016 was -6.8%, a Low growth rate compared to average growth rates in this region. The average size of families in this area is 3.1, Above Average in comparison to the whole region. With 68.8% of families having children, this neighbourhood is an ideal choice for families seeking a supportive community. The average age of the population is 41.8, an Average percentage compared to other BC cities.

A Prime Investment Opportunity

The average value of dwellings in this neighbourhood is $3,361,575, a High amount compared to other areas in British Columbia. With average owner payments of $2,720 and tenants paying $1,994, both of which are High compared to other cities, this property offers a prime investment opportunity for those seeking a stable and lucrative rental income. With only 15.3% of the population being renters, this neighbourhood is Below Average compared to other BC cities and areas.

A Unique Blend of Culture and Lifestyle

The area surrounding 6615 Balsam Street, Vancouver, BC (MLS® R2896849) boasts a unique blend of culture and lifestyle, with 9% of the population speaking both English and French, an Average percentage. English speakers make up 81.5%, a Below Average percentage, while 9.6% of the population speaks neither English nor French, a High percentage. With 13.3% of the population using public transportation, which is Average, and 79% using cars, a Below Average percentage, this neighbourhood offers a range of transportation options.

In conclusion, 6615 Balsam Street, Vancouver, BC (MLS® R2896849) is an exceptional property that offers a unique blend of education, safety, and community. With its prime location, excellent schools, and desirable community, this property is an attractive choice for families, individuals, and investors seeking a stable and lucrative investment opportunity.

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 $13,850,000
Vancouver $9,990,000
S.W. Marine 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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