Home Vancouver, BC False Creek Spruce Village 1040 Ironwork Passage

1040 Ironwork Passage, Vancouver BC - Townhouse for Sale - MLS# R2962548

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Listing updated: Apr 11, 2025 at 01:26am

EstateBlock checked: Sep 28, 2026 at 12:45am

Spruce Village

2 Beds

1 Baths

1028 sqft

874 $ /sqft

468.25 $ Maint. fee

1979 built

Closed

VERIFIED ACCOUNT REQUIRED

This property sold for

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Listing updated: Apr 11, 2025 at 01:26am

EstateBlock checked: Sep 28, 2026 at 12:45am

Photo

VERIFIED ACCOUNT REQUIRED

Sold price & sold date

Original list price & price changes

Full photo gallery - 40 photos

Days on market & listing history

Map & Neighbourhood

Public Schools

Secondary
Kitsilano Secondary School: 2.63 km
Elementary
False Creek Elementary School: 0.18 km

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

Private Schools

Elementary
Anchor Point Montessori: 1.04 km
Secondary
Century High School: 1.28 km

Closest Transit

Bus Stop
Westbound Lameys Mill Rd @ Sitka Square: 0.14 km
Skytrain
Skytrain @ Yaletown-Roundhouse Stn: 0.89 km

Crime Rate

Total Crime Rate: Average
Violent Crime Rate: Below Average
Property Crime Rate: Above Average

Demographics

Post-Secondary Education: Above Average 51.2%
No Certificate/Degree: Below Average 4.9%
Owner Occupied: Below Average 44.8%
Employment Rate: Below Average 43.7%

Noise/ Power Lines

Road/Hwy Noise: Unlikely
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

Sell Speed & Competition

60 / 100

Overall sell-speed score

Moderate pace expected

A+

Price competition grade

Avg comparable: $1,297,969

Buyer's

Market conditions

Buyer's market — more supply than demand

Flood Risk (FEMA/BC)

Unlikely — not in floodplain

Railway / Skytrain noise

Unlikely — 0.89 km from station

Road / Highway noise

Unlikely

Airport noise (YVR)

Unlikely

Power lines proximity

Unlikely

ALR (Agricultural Land Reserve)

No — not in ALR

How FALSE CREEK compares

This property

66 DOM

Average

False Creek avg

56 DOM

Average

Vancouver avg

56 DOM

Faster market

1040 Ironwork Passage has a sell-speed score of 60/100, placing it in the "Expected to sell at a moderate pace" band. The listing is priced 44.5% below comparable active properties in False Creek, which is a strong competitive signal. The local market is currently a Buyer's Market with a sales-to-active ratio of 11.1% and an area average of 56 days on market — buyers have more leverage. With only 216 competing homes currently listed, this property has significant competition. Based on these signals, EstateBlock predicts this listing is may take several weeks to attract serious offers.

Climate Risk for V6H 3P1

Natural hazards vary by location and can change over time. The following provides a summary of potential impacts to this area, postal code V6H 3P1, over the next 30 years. Projections use the 2041–2070 period (2050s) under a moderate emissions scenario (SSP2-4.5).

Flood Lower Risk

Outside of designated flood hazard zones. Under 10% of buildings in this area have flood risk over the next 30 years.

Fire Low

Located within the "Vancouver" WUI zone (Risk Class 5 — Low). Based on BC Wildfire Service provincial WUI Risk Class mapping; not a site-specific assessment.

Air Quality B / Good

Annual avg PM2.5 5.1 µg/m³ — meets Canada's CAAQS (BC ENV 2024). Nearest station: Vancouver Clark Drive, Vancouver (~3.8 km). Annual avg AQHI 2.2 — Low Risk.

Heat Low

Vancouver currently sees ~1 day above 30 °C per year (1981–2010 baseline), projected to rise to ~6 by the 2050s (SSP2-4.5 moderate emissions). Hottest day of the year: ~29.7 °C baseline, ~32 °C projected. Tropical nights (>18 °C): ~0 baseline, ~4 projected.

Precipitation Increasing

Annual precipitation ~1515 mm (1981–2010 baseline), projected ~1575 mm by the 2050s. Extreme 1-day rainfall: ~50.5 mm baseline, ~57 mm projected. Values vary modestly across the Lower Mainland.

Drought Stable

Longest annual dry spell (consecutive dry days): ~22 days baseline, ~24 days projected for the 2050s. CDD is used as a regional drought proxy; drought risk varies modestly across the Lower Mainland.

Nearby Restaurants, Cafes & Shops

Shopping (147 nearby)

Finlandia pharmacy and natural health centre · 450 m · Pharmacy
King & queen spa · 453 m · Beauty Shop
The dance shop · 453 m · Sports Shop

Restaurants (131 nearby)

Dockside · 230 m · Restaurant
Tojos · 453 m · Restaurant
Saucin staples · 456 m · Restaurant

Cafes (54 nearby)

Waves coffee house · 454 m · Cafe
Chun fun how · 456 m · Cafe
Innocent coffee · 479 m · Cafe

Groceries (38 nearby)

Artisan sake maker · 446 m · Beverages
Dean's food store · 455 m · Convenience
Broadway liquor store · 456 m · Beverages

Healthcare (15 nearby)

Finlandia pharmacy and natural health centre · 450 m · Healthcare
Pharmasave · 532 m · Healthcare
Shaughnessy pharmacy · 539 m · Healthcare

Transit (3 nearby)

Skytrain @ yaletown-roundhouse stn station · 894 m · Transit
Bus stop westbound w broadway @ granville st · 895 m · Transit
Skytrain @ olympic village stn station · 988 m · Transit

Gyms (1 nearby)

Baza dance studios · 850 m · Gym

Schools NearBy

48 Schools are within 3km

School	Type	Grades Served	Catchment Info	Rating	Distance
False Creek Elementary	Public	Grades Served —	Catchment Info —	6.0 / 10	Distance 179 m
False Creek Elementary School	Public	Grades Served K-7	Catchment Info In Catchment	6.0 / 10	Distance 181 m
Canada Royal Arts High School	Independent	Grades Served —	Catchment Info —	4.6 / 10	Distance 545 m
Queen Alexandra Elementary School	Public	Grades Served K-7	Catchment Info —	5.7 / 10	Distance 572 m
St. Lawrence School	Independent	Grades Served —	Catchment Info —	8.2 / 10	Distance 636 m
Elsie Roy Elementary School	Public	Grades Served K-7	Catchment Info —	6.8 / 10	Distance 679 m
Eaton Arrowsmith School (Vancouver) Ltd	Independent	Grades Served —	Catchment Info —	0	Distance 735 m
VISST	Independent	Grades Served —	Catchment Info —	9.9 / 10	Distance 815 m
Claren Academy	Independent	Grades Served —	Catchment Info —	9.0 / 10	Distance 1.14 KM
Blessed Sacrament School	Independent	Grades Served K-7	Catchment Info —	8.0 / 10	Distance 1.25 KM
Century High School	Independent	Grades Served 10-12	Catchment Info —	5.7 / 10	Distance 1.28 KM
Henry Hudson Elementary School	Public	Grades Served K-7	Catchment Info —	6.2 / 10	Distance 1.48 KM
Pattison High School	Independent	Grades Served 9-12	Catchment Info —	0	Distance 1.49 KM
The Westside School	Independent	Grades Served K-9	Catchment Info —	8.8 / 10	Distance 1.58 KM
Lord Tennyson Elementary School	Public	Grades Served K-7	Catchment Info —	7.3 / 10	Distance 1.59 KM
Lowell High School	Independent	Grades Served 10-12	Catchment Info —	0	Distance 1.64 KM
St. Augustine's	Independent	Grades Served K-7	Catchment Info —	8.9 / 10	Distance 1.79 KM
Edith Cavell Elementary School	Public	Grades Served K-7	Catchment Info —	7.3 / 10	Distance 1.86 KM
Simon Fraser Elementary School	Public	Grades Served K-7	Catchment Info —	7.6 / 10	Distance 1.91 KM
Columbia Academy	Independent	Grades Served 10-12	Catchment Info —	0	Distance 1.94 KM
Emily Carr Elementary School	Public	Grades Served K-7	Catchment Info —	7.8 / 10	Distance 1.96 KM
St. John's School	Independent	Grades Served K-12	Catchment Info —	9.8 / 10	Distance 2.01 KM
St.Patrick Regional Secondary School	Independent	Grades Served 8-12	Catchment Info —	6.9 / 10	Distance 2.04 KM
St.Patrick's Elementary School	Independent	Grades Served K-7	Catchment Info —	7.6 / 10	Distance 2.10 KM
Lord Strathcona Community Elementary School	Public	Grades Served K-7	Catchment Info —	2.1 / 10	Distance 2.11 KM
Fraser Academy	Independent	Grades Served 2-12	Catchment Info —	6.2 / 10	Distance 2.11 KM
Westside Montessori	Independent	Grades Served K	Catchment Info —	0	Distance 2.12 KM
Madrona School	Independent	Grades Served K-9	Catchment Info —	8.3 / 10	Distance 2.15 KM
Franklin School	Independent	Grades Served —	Catchment Info —	4.1 / 10	Distance 2.15 KM
St Patrick's	Independent	Grades Served —	Catchment Info —	8.3 / 10	Distance 2.18 KM
Alexander Academy	Independent	Grades Served 8-12	Catchment Info —	6.1 / 10	Distance 2.21 KM
Vancouver Talmud Torah Elementary School	Independent	Grades Served K-7	Catchment Info —	8.4 / 10	Distance 2.21 KM
York House School	Independent	Grades Served K-12	Catchment Info —	9.3 / 10	Distance 2.25 KM
Lord Roberts Elementary School	Public	Grades Served K-7	Catchment Info —	6.0 / 10	Distance 2.26 KM
Sino Bright School BC	Independent	Grades Served 10-12	Catchment Info —	4.3 / 10	Distance 2.32 KM
Little Flower Academy	Independent	Grades Served 8-12	Catchment Info —	10.0 / 10	Distance 2.36 KM
Shaughnessy Elementary School	Public	Grades Served K-7	Catchment Info —	8.1 / 10	Distance 2.39 KM
St Francis Xavier	Independent	Grades Served —	Catchment Info —	9.6 / 10	Distance 2.45 KM
St. Francis Xavier	Independent	Grades Served K-7	Catchment Info —	9.6 / 10	Distance 2.47 KM
Columbia College	Independent	Grades Served 11-12	Catchment Info —	0	Distance 2.50 KM
King George Secondary School	Public	Grades Served 8-12	Catchment Info —	6.2 / 10	Distance 2.53 KM
Mount Pleasant Elementary School	Public	Grades Served K-7	Catchment Info —	5.3 / 10	Distance 2.54 KM
Vancouver Technical Secondary School	Public	Grades Served 8-12	Catchment Info —	7.1 / 10	Distance 2.62 KM
Kitsilano Secondary School	Public	Grades Served 8-12	Catchment Info In Catchment	7.2 / 10	Distance 2.63 KM
Florence Nightingale Elementary School	Public	Grades Served K-7	Catchment Info —	7.0 / 10	Distance 2.64 KM
General Wolfe Elementary School	Public	Grades Served K-7	Catchment Info —	7.0 / 10	Distance 2.81 KM
SelfDesign Learning Community (DL)	Independent	Grades Served —	Catchment Info —	5.7 / 10	Distance 2.90 KM
David Livingstone Elementary School	Public	Grades Served K-7	Catchment Info —	8.0 / 10	Distance 2.93 KM

Pre-computed routes from 1040 Ironwork Passage, Vancouver, BC

1040 Ironwork Passage, Vancouver, BC Yaletown-Roundhouse 0.9 km

18 min

Downtown Vancouver Waterfront Station

By transit (Skytrain)

Downtown Vancouver via Yaletown-Roundhouse → Waterfront
18 min
Metrotown, Burnaby via Yaletown-Roundhouse → Metrotown
36 min
SFU Burnaby via Yaletown-Roundhouse → Production Way
43 min
Richmond Centre via Yaletown-Roundhouse → Brighouse
35 min
YVR Airport via Yaletown-Roundhouse → YVR-Airport
36 min

By car (off-peak)

Downtown Vancouver via HWY 1 / Grandview
3 min
Metrotown, Burnaby via Lougheed Hwy
12 min
SFU Burnaby via Gaglardi Way
18 min
Richmond Centre via No. 3 Rd
13 min
YVR Airport via Bridgeport / Sea Island
11 min

Calculate your commute

1040 Ironwork Passage, Vancouver, BC is ideally located for commuters. The property is 0.9 km from Yaletown-Roundhouse, with a 18 min SkyTrain ride to Downtown Vancouver (Waterfront Station). The closest bus stop is Westbound Lameys Mill Rd @ Sitka Square (0.14 km).

Mortgage Calculator for 1040 Ironwork Passage

Home Price

Down Payment

Down Payment (percent)

Interest Rate

Loan Type

/month

Principal & Interest

Property Taxes $241

Maintenance fee 468.25

Financing 80% of the $898,000 asking price over 30 years at 4% results in approximately $4,139/month in total estimated carrying costs, $241 property tax, $468 maintenance fee.

or Call 778-918-5990

All figures are informational estimates by EstateBlock.com; actual mortgage payments and insurance rates vary by many factors.

Listing data last synced: Apr 11, 2025

Investment Cashflow Calculator

Property Tax (Monthly)

Basic Insurance Cost

Maintenance Fee

Rental Income

Vacancy Rate

Down Payment

Down Payment (percent)

/month

Mortgage Payment

Monthly Payment

Break Even Down Payment 0%

Cap Rate

Cash on Cash

This listing generates an estimated $3,070/month in rental income, leaving a -$1,125/month cashflow at current carrying costs. Investors targeting break-even would need roughly 47% down.

All figures are informational estimates by EstateBlock.com; actual mortgage payments and insurance rates vary by many factors.

Estateblock Rent Estimate for 1040 Ironwork Passage, Vancouver

Buy Vs Rent Calculator

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Approximate estimates for informational purposes only, not financial advice. Assumes a new 30-year fixed mortgage at the rate shown; actual rent, payments, and equity will vary by loan terms and market conditions. Consult a licensed professional before deciding.