Home Vancouver, BC False Creek 303 1562 W 5th Avenue

303 1562 W 5th Ave, Vancouver BC - Apartment/Condo for Sale - MLS# R3172604

1 day on the market

$645,000

Est. Mortgage $2,853/mo

Listing updated: Oct 5, 2026 at 03:21pm

EstateBlock checked: Oct 6, 2026 at 01:30pm

1 Beds

1 Baths

644 sqft

1002 $ /sqft

510.99 $ Maint. fee

1998 built

NEW 16.6% cheaper than comps

1 day on the market

$645,000

Est. $2,853/mo with 20% down

Listing updated: Oct 5, 2026 at 03:21pm

EstateBlock checked: Oct 6, 2026 at 01:30pm

Photos

Exterior Front Photo of 303 1562 W 5th Avenue, Vancouver, BC

Exterior Rear Photo of 303 1562 W 5th Avenue, Vancouver, BC

Living Room Photo of 303 1562 W 5th Avenue, Vancouver, BC

Family Room Photo of 303 1562 W 5th Avenue, Vancouver, BC

Dining Area Photo of 303 1562 W 5th Avenue, Vancouver, BC

Kitchen Photo of 303 1562 W 5th Avenue, Vancouver, BC

Kitchen Island Photo of 303 1562 W 5th Avenue, Vancouver, BC

Bright, distinctive living at Gryphon Court! This inviting home features a unique turret-style living room with windows all around, bringing in abundant natural light and views toward downtown and the park. A versatile office nook offers ample space for a desk, ideal for working from home. Enjoy a convenient False Creek location near Granville Island, shops, restaurants and the seawall. A wonderful opportunity to enjoy Vancouver's urban lifestyle. All measurements approximate.

Interior Features

Basement Finished Area (sqft)	0
Basement Features	None
Heating Type	Electric
Laundry	In Unit
# of Kitchens	1
Foundation	Concrete Perimeter

Exterior Features

Exterior Features	Balcony
Roof	Other
Structures	Multi Family, Residential Attached

Building Details

Price	$645,000
Total Bedrooms	1
Total Bathrooms	1
Full Bathrooms	1
Half Bathrooms	0
Floor Area Total (sqft)	644
Year Built	1998
Age Of Building	28
Building Type	Apartment/Condo
Property Type	Residential
Stories	1
Building Amenities	Gas, Management
Ownership Type	Freehold Strata
Maintenance Fee	$510.99
Amenities Nearby	Gas, Management
Utility Type	Electricity Connected, Water Connected
Water (WaterSource)	Public
Parking Type	Underground
Total Parking Spaces	1
Strata Restrictions	Pets Allowed w/Rest.
Pet Restrictions	Yes With Restrictions

Lot & Land

MLS^® #	R3172604
Area	Vancouver West
Neighbourhood	False Creek
City	Vancouver
Postal Code	V6J 5H9
Gross Taxes	$1,970.56
Zoning	RM-5

Property Timeline

Status	Date	Price
R3172604 / Active	10-05-2026	$645,000

Rooms

Floor	Type	Dimensions
Main Level	Living Room	12'10 x 12'10 ft
Main Level	Dining Room	7'0 x 7'0 ft
Main Level	Kitchen	7'0 x 7'0 ft
Main Level	Primary Bedroom	10'0 x 10'0 ft
Main Level	Foyer	16'0 x 16'0 ft
Main Level	Walk-In Closet	5'6 x 5'6 ft
Main Level	Other	8'0 x 8'0 ft

Bathrooms

Floor	Ensuite	Pieces
Main Level	Yes	#3

Listed by: eXp 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.

Map & Neighbourhood

Public Schools

Elementary
Henry Hudson Elementary School: Average 0.84 km 6.2/10
Secondary
Kitsilano Secondary School: Above Average 1.83 km 7.2/10

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

Private Schools

Elementary
St. Augustine's: Above Average 0.98 km 8.9/10
Secondary
VISST: Above Average 0.4 km 9.9/10

Closest Transit

Bus Stop
Westbound W Cloverleaf @ Granville St: 0.07 km
Skytrain
Skytrain @ Yaletown-Roundhouse Stn: 1.55 km

Crime Rate

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

Demographics

Post-Secondary Education: Above Average 57.9%
No Certificate/Degree: Below Average 4%
Owner Occupied: Below Average 57.5%
Employment Rate: Below Average 34.3%

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

Sell Speed & Competition

72 / 100

Overall sell-speed score

Likely within weeks

Price competition grade

Avg comparable: $752,070

Balanced

Market conditions

Balanced market — steady conditions

Flood Risk (FEMA/BC)

Unlikely — not in floodplain

Railway / Skytrain noise

Unlikely — 1.55 km from station

Road / Highway noise

Possible — major road nearby

Airport noise (YVR)

Unlikely

Power lines proximity

Unlikely

ALR (Agricultural Land Reserve)

No — not in ALR

How FALSE CREEK compares

This property

1 DOM

Very fast

False Creek avg

49 DOM

Average

Vancouver avg

49 DOM

Slower market

303 1562 W 5th Avenue has a sell-speed score of 72/100, placing it in the "Expected to sell within weeks" band. The listing is priced 16.6% below comparable active properties in False Creek, which is a strong competitive signal. The local market is currently a Balanced Market with a sales-to-active ratio of 16.1% and an area average of 49 days on market — conditions are balanced. With only 1245 competing homes currently listed, this property has significant competition. Based on these signals, EstateBlock predicts this listing is likely to sell within a few weeks.

Climate Risk for V6J 5H9

Natural hazards vary by location and can change over time. The following provides a summary of potential impacts to this area, postal code V6J 5H9, 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 (~4.6 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 (140 nearby)

Atomic bike shop · 51 m · Bicycle Shop
Samsara · 62 m · Clothes
The wild bunch · 65 m · Florist

Restaurants (116 nearby)

Grapes and soda · 54 m · Restaurant
The farmers apprentice · 59 m · Restaurant
Cheesecake etc. · 104 m · Restaurant

Cafes (49 nearby)

Café salade de fruits · 143 m · Cafe
Hy tea lounge · 287 m · Cafe
Café prado · 300 m · Cafe

Groceries (35 nearby)

Beaucoup bakery & cafe · 59 m · Bakery
Brewing august · 234 m · Beverages
No frills · 235 m · Supermarket

Healthcare (5 nearby)

Pharmasave · 449 m · Healthcare
Shoppers drug mart · 499 m · Healthcare
Shaughnessy pharmacy · 594 m · Healthcare

Parks & Recreation (2 nearby)

Off-leash dog park · 965 m · Dog Park
Off-leash dog park for small and shy dogs · 978 m · Dog Park

Transit (1 nearby)

Bus stop eastbound w 12th ave @ cypress st · 868 m · Transit

Schools NearBy

45 Schools are within 3km

School	Type	Grades Served	Catchment Info	Rating	Distance
VISST	Independent	Grades Served —	Catchment Info —	9.9 / 10	Distance 398 m
Century High School	Independent	Grades Served 10-12	Catchment Info —	5.7 / 10	Distance 538 m
St. Lawrence School	Independent	Grades Served —	Catchment Info —	8.2 / 10	Distance 544 m
Queen Alexandra Elementary School	Public	Grades Served K-7	Catchment Info —	5.7 / 10	Distance 583 m
Henry Hudson Elementary School	Public	Grades Served K-7	Catchment Info In Catchment	6.2 / 10	Distance 837 m
Lord Tennyson Elementary School	Public	Grades Served K-7	Catchment Info —	7.3 / 10	Distance 837 m
False Creek Elementary	Public	Grades Served —	Catchment Info —	6.0 / 10	Distance 966 m
False Creek Elementary School	Public	Grades Served K-7	Catchment Info —	6.0 / 10	Distance 974 m
St. Augustine's	Independent	Grades Served K-7	Catchment Info —	8.9 / 10	Distance 983 m
Canada Royal Arts High School	Independent	Grades Served —	Catchment Info —	4.6 / 10	Distance 1.21 KM
St. John's School	Independent	Grades Served K-12	Catchment Info —	9.8 / 10	Distance 1.21 KM
Fraser Academy	Independent	Grades Served 2-12	Catchment Info —	6.2 / 10	Distance 1.32 KM
Elsie Roy Elementary School	Public	Grades Served K-7	Catchment Info —	6.8 / 10	Distance 1.40 KM
Eaton Arrowsmith School (Vancouver) Ltd	Independent	Grades Served —	Catchment Info —	N/A	Distance 1.54 KM
Claren Academy	Independent	Grades Served —	Catchment Info —	9.0 / 10	Distance 1.74 KM
Blessed Sacrament School	Independent	Grades Served K-7	Catchment Info —	8.0 / 10	Distance 1.76 KM
Vancouver Technical Secondary School	Public	Grades Served 8-12	Catchment Info —	7.1 / 10	Distance 1.82 KM
Kitsilano Secondary School	Public	Grades Served 8-12	Catchment Info In Catchment	7.2 / 10	Distance 1.83 KM
Pattison High School	Independent	Grades Served 9-12	Catchment Info —	N/A	Distance 1.91 KM
York House School	Independent	Grades Served K-12	Catchment Info —	9.3 / 10	Distance 1.98 KM
Shaughnessy Elementary School	Public	Grades Served K-7	Catchment Info —	8.1 / 10	Distance 2.06 KM
Little Flower Academy	Independent	Grades Served 8-12	Catchment Info —	10.0 / 10	Distance 2.06 KM
Emily Carr Elementary School	Public	Grades Served K-7	Catchment Info —	7.8 / 10	Distance 2.08 KM
SelfDesign Learning Community (DL)	Independent	Grades Served —	Catchment Info —	5.7 / 10	Distance 2.09 KM
General Gordon Elementary School	Public	Grades Served K-7	Catchment Info —	7.0 / 10	Distance 2.20 KM
Westside Montessori	Independent	Grades Served K	Catchment Info —	N/A	Distance 2.20 KM
Lord Roberts Elementary School	Public	Grades Served K-7	Catchment Info —	6.0 / 10	Distance 2.26 KM
The Westside School	Independent	Grades Served K-9	Catchment Info —	8.8 / 10	Distance 2.27 KM
Edith Cavell Elementary School	Public	Grades Served K-7	Catchment Info —	7.3 / 10	Distance 2.28 KM
Lowell High School	Independent	Grades Served 10-12	Catchment Info —	N/A	Distance 2.29 KM
Vancouver Talmud Torah Elementary School	Independent	Grades Served K-7	Catchment Info —	8.4 / 10	Distance 2.32 KM
Columbia Academy	Independent	Grades Served 10-12	Catchment Info —	N/A	Distance 2.52 KM
Simon Fraser Elementary School	Public	Grades Served K-7	Catchment Info —	7.6 / 10	Distance 2.55 KM
King George Secondary School	Public	Grades Served 8-12	Catchment Info —	6.2 / 10	Distance 2.59 KM
Trafalgar Elementary School	Public	Grades Served K-7	Catchment Info —	7.6 / 10	Distance 2.60 KM
Madrona School	Independent	Grades Served K-9	Catchment Info —	8.3 / 10	Distance 2.65 KM
Franklin School	Independent	Grades Served —	Catchment Info —	4.1 / 10	Distance 2.65 KM
Carnarvon Community Elementary	Public	Grades Served K-7	Catchment Info —	7.7 / 10	Distance 2.68 KM
Lord Strathcona Community Elementary School	Public	Grades Served K-7	Catchment Info —	2.1 / 10	Distance 2.69 KM
Prince of Wales Secondary School	Public	Grades Served 8-12	Catchment Info —	8.4 / 10	Distance 2.69 KM
Alexander Academy	Independent	Grades Served 8-12	Catchment Info —	6.1 / 10	Distance 2.77 KM
St.Patrick Regional Secondary School	Independent	Grades Served 8-12	Catchment Info —	6.9 / 10	Distance 2.79 KM
St.Patrick's Elementary School	Independent	Grades Served K-7	Catchment Info —	7.6 / 10	Distance 2.81 KM
St Patrick's	Independent	Grades Served —	Catchment Info —	8.3 / 10	Distance 2.90 KM
Sino Bright School BC	Independent	Grades Served 10-12	Catchment Info —	4.3 / 10	Distance 2.94 KM

Pre-computed routes from 303 1562 W 5th Ave, Vancouver, BC

303 1562 W 5th Ave, Vancouver, BC Yaletown-Roundhouse 1.5 km

26 min

Downtown Vancouver Waterfront Station

By transit (Skytrain)

Downtown Vancouver via Yaletown-Roundhouse → Waterfront
26 min
Metrotown, Burnaby via Yaletown-Roundhouse → Metrotown
44 min
SFU Burnaby via Yaletown-Roundhouse → Production Way
51 min
Richmond Centre via Yaletown-Roundhouse → Brighouse
43 min
YVR Airport via Yaletown-Roundhouse → YVR-Airport
44 min

By car (off-peak)

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

Calculate your commute

303 1562 W 5th Ave, Vancouver, BC is ideally located for commuters. The property is 1.5 km from Yaletown-Roundhouse, with a 26 min SkyTrain ride to Downtown Vancouver (Waterfront Station). The closest bus stop is Westbound W Cloverleaf @ Granville St (0.07 km). Walk Score Transit rating: Excellent Transit (77/100).

Walkability & Transit Near 303 1562 W 5th Avenue

Car-Dependent 99

Walk Score - Walker's Paradise

Daily errands do not require a car

Some Transit 77

Transit Score - Excellent Transit

Transit is convenient for most trips

Somewhat
Bikeable 91

Bike Score - Biker's Paradise

Daily errands can be accomplished on a bike

BC Assessment Value — 303 1562 W 5th Avenue

2026 assessed value, sourced from City of Vancouver open data (PID 023-082-488).

Total Assessed Value (2026)

$653,000

+3.3% YoY

+2.5%/yr over 4 yr

2022 Value Trend 2026

Land

$535,000

Buildings

$118,000

Year Built

1995

Class

Commercial

Zoning

C-3A

Property Tax

$2,197

Year	Land	Improvements	Total Assessed	YOY Change
2026	$535,000	$118,000	$653,000	+3.3%
2025	$518,000	$114,000	$632,000	+3.6%
2024	$500,000	$110,000	$610,000	+0.0%
2023	$500,000	$110,000	$610,000	+3.2%
2022	$465,000	$126,000	$591,000	—

Mortgage Calculator for 303 1562 W 5th Avenue

Home Price

Down Payment

Down Payment (percent)

Interest Rate

Loan Type

/month

Principal & Interest

Property Taxes $164

Maintenance fee 510.99

Financing 80% of the $645,000 asking price over 30 years at 4% results in approximately $3,138/month in total estimated carrying costs, $164 property tax, $511 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: Oct 5, 2026

Investment Cashflow Calculator

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Break Even Down Payment 0%

Cap Rate

Cash on Cash

This listing generates an estimated $2,267/month in rental income, leaving a -$924/month cashflow at current carrying costs. Investors targeting break-even would need roughly 51% down.

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

Estateblock Rent Estimate for 303 1562 W 5th Avenue, 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.