Home Vancouver, BC University VW Sail 303 5981 Gray Avenue

303 5981 Gray Ave, Vancouver BC - Apartment/Condo for Sale - MLS# R3141066

50 days on the market

$870,000

Est. Mortgage $3,849/mo

Listing updated: Jul 31, 2026 at 02:19pm

EstateBlock checked: Aug 17, 2026 at 06:45pm

2 Beds

2 Baths

819 sqft

1062 $ /sqft

456.21 $ Maint. fee

2013 built

50 days on the market

$870,000

Est. $3,849/mo with 20% down

Listing updated: Jul 31, 2026 at 02:19pm

EstateBlock checked: Aug 17, 2026 at 06:45pm

Photos

Exterior Front Photo of 303 5981 Gray Avenue, Vancouver, BC

Exterior Rear Photo of 303 5981 Gray Avenue, Vancouver, BC

Living Room Photo of 303 5981 Gray Avenue, Vancouver, BC

Family Room Photo of 303 5981 Gray Avenue, Vancouver, BC

Dining Area Photo of 303 5981 Gray Avenue, Vancouver, BC

Kitchen Photo of 303 5981 Gray Avenue, Vancouver, BC

Kitchen Island Photo of 303 5981 Gray Avenue, Vancouver, BC

Pantry Photo of 303 5981 Gray Avenue, Vancouver, BC

Breakfast Nook Photo of 303 5981 Gray Avenue, Vancouver, BC

Primary Bedroom Photo of 303 5981 Gray Avenue, Vancouver, BC

Welcome to SAIL by Adera, one of Wesbrook Village's most sought-after communities. This rarely available southeast-facing 2-bedroom, 2-bathroom home offers 819 sq.ft. of exceptionally efficient living space with abundant natural light and a tranquil outlook over a quiet green setting. Thoughtfully designed with a functional split-bedroom layout, this residence features 9-foot ceilings, floor-to-ceiling windows, engineered hardwood flooring, in-floor radiant heating, quartz countertops, and quality GE stainless steel appliances. The spacious covered balcony seamlessly extends your living space and provides the perfect setting for relaxing or entertaining. Enjoy the convenience of living just steps from shops, restaurants, cafes, medical clinics, parks, transit, and UBC campus. Ideal for own

Interior Features

Basement Finished Area (sqft)	0
Basement Features	None
Appliances Included	Washer/Dryer, Dishwasher, Refrigerator, Stove, Microwave
Interior Features	Elevator
Fireplace	0
Heating Type	Radiant
Laundry	In Unit
# of Kitchens	1
Flooring	Laminate, Carpet
Foundation	Concrete Perimeter

Exterior Features

Exterior Features	Garden, Balcony
Roof	Other
Structures	Multi Family, Residential Attached

Building Details

Price	$870,000
Total Bedrooms	2
Total Bathrooms	2
Full Bathrooms	2
Half Bathrooms	0
Floor Area Total (sqft)	819
Year Built	2013
Age Of Building	13
Building Type	Apartment/Condo
Property Type	Residential
Stories	1
Building Amenities	Trash, Maintenance Grounds, Gas, Hot Water, Management
Ownership Type	Leasehold prepaid-Strata
Maintenance Fee	$456.21
Amenities Nearby	Trash, Maintenance Grounds, Gas, Hot Water, Management
Utility Type	Community, Electricity Connected, Natural Gas Connected, Water Connected
Utility Sewer	Public Sewer, Sanitary Sewer, Storm Sewer
Water (WaterSource)	Public
Parking Type	Underground
Total Parking Spaces	1
Strata Restrictions	No Restrictions
Rental Suites	None
Units In Development	77

Lot & Land

Lot Size Depth	Feet
Lot Size Frontage	0
MLS^® #	R3141066
Area	Vancouver West
Neighbourhood	University VW
City	Vancouver
Postal Code	V6S 0G1
Gross Taxes	$1,657.19
Zoning	APT

Property Timeline

Status	Date	Price
R3141066 / Active	06-29-2026	$870,000

Rooms

Floor	Type	Dimensions
Main Level	Living Room	11'3 x 11'3 ft
Main Level	Kitchen	9'0 x 9'0 ft
Main Level	Dining Room	11'3 x 11'3 ft
Main Level	Primary Bedroom	11'9 x 11'9 ft
Main Level	Bedroom	10'0 x 10'0 ft

Bathrooms

Floor	Ensuite	Pieces
Main Level	Yes	#4
Main Level	No	#4

Listed by: Nu Stream Realty Inc. & Nu Stream Realty Inc.

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

Secondary
University Hill Secondary School: Above Average 0.61 km 8.4/10

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

Private Schools

Elementary
St Regis Secondary School: Above Average 2.22 km 7.3/10
Elementary, Secondary
St George's School: Above Average 2.43 km 10/10

Closest Transit

Bus Stop
Southbound Wesbrook Mall @ Birney Ave: 0.27 km
Skytrain
Skytrain @ Yvr-Airport Stn: 7.62 km

Crime Rate

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

Demographics

Post-Secondary Education: Above Average 51.7%
No Certificate/Degree: Below Average 7.6%
Owner Occupied: Below Average 59.5%
Employment Rate: Above Average 79.1%

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

62 / 100

Overall sell-speed score

Moderate pace expected

Price competition grade

Avg comparable: $962,220

Balanced

Market conditions

Balanced market — steady conditions

Flood Risk (FEMA/BC)

Unlikely — not in floodplain

Railway / Skytrain noise

Unlikely — 7.62 km from station

Road / Highway noise

Unlikely

Airport noise (YVR)

Unlikely

Power lines proximity

Unlikely

ALR (Agricultural Land Reserve)

No — not in ALR

How UNIVERSITY VW compares

This property

50 DOM

Average

University VW avg

49 DOM

Average

Vancouver avg

49 DOM

Faster market

303 5981 Gray Avenue has a sell-speed score of 62/100, placing it in the "Expected to sell at a moderate pace" band. The listing is priced 10.6% below comparable active properties in University VW, 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 may take several weeks to attract serious offers.

Nearby Restaurants, Cafes & Shops

Shopping (10 nearby)

éliane hair and spa · 254 m · Hairdresser
Wesbrook eyecare · 312 m · Optician
A perfect 10 nail spa · 319 m · Beauty Shop

Restaurants (9 nearby)

Poke by ryuu · 276 m · Restaurant
Jugo juice · 284 m · Fast Food
Togo sushi · 289 m · Restaurant

Cafes (3 nearby)

Blenz coffee · 276 m · Cafe
Starbucks · 402 m · Cafe
Field house cafe · 726 m · Cafe

Groceries (2 nearby)

Doughgirls · 345 m · Bakery
Bc liquor store · 374 m · Beverages

Healthcare (2 nearby)

Shoppers drug mart · 375 m · Healthcare
Save-on-foods pharmacy · 428 m · Healthcare

Transit (1 nearby)

Bus stop eastbound sw marine dr @ wesbrook mall · 1000 m · Transit

Schools NearBy

12 Schools are within 3km

School	Type	Grades Served	Catchment Info	Rating	Distance
University Hill Secondary School	Public	Grades Served 9-12	Catchment Info In Catchment	8.4 / 10	Distance 607 m
Norma Rose Point Elementary Junior	Public	Grades Served K-8	Catchment Info —	7.8 / 10	Distance 909 m
St Regis Secondary School	Independent	Grades Served —	Catchment Info —	7.3 / 10	Distance 2.22 KM
Queen Elizabeth Elementary School	Public	Grades Served K-7	Catchment Info —	8.1 / 10	Distance 2.25 KM
University Hill Elementary School	Public	Grades Served K-5	Catchment Info —	7.9 / 10	Distance 2.37 KM
St George's School	Independent	Grades Served 1-12	Catchment Info —	9.4 / 10	Distance 2.43 KM
Queen Mary Elementary School	Public	Grades Served K-7	Catchment Info —	7.9 / 10	Distance 2.51 KM
West Point Grey Academy	Independent	Grades Served K-12	Catchment Info —	9.7 / 10	Distance 2.69 KM
Our Lady of Perpetual Help School	Independent	Grades Served K-7	Catchment Info —	8.6 / 10	Distance 2.80 KM
Pacific Spirit School	Independent	Grades Served K-6	Catchment Info —	0	Distance 2.81 KM
Lord Byng Secondary School	Public	Grades Served 8-12	Catchment Info —	8.1 / 10	Distance 2.91 KM
Southlands Elementary School	Public	Grades Served K-7	Catchment Info —	6.3 / 10	Distance 3.00 KM

Pre-computed routes from 303 5981 Gray Ave, Vancouver, BC

303 5981 Gray Ave, Vancouver, BC YVR-Airport 7.6 km

120 min

Downtown Vancouver Waterfront Station

By transit (Skytrain)

Downtown Vancouver via YVR-Airport → Waterfront
120 min
Metrotown, Burnaby via YVR-Airport → Metrotown
138 min
SFU Burnaby via YVR-Airport → Production Way
145 min
Richmond Centre via YVR-Airport → Brighouse
107 min
YVR Airport
94 min

By car (off-peak)

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

Calculate your commute

303 5981 Gray Ave, Vancouver, BC is ideally located for commuters. The property is 7.6 km from YVR-Airport, with a 120 min SkyTrain ride to Downtown Vancouver (Waterfront Station). The closest bus stop is Southbound Wesbrook Mall @ Birney Ave (0.27 km).

Walkability & Transit Near 303 5981 Gray Avenue

Car-Dependent 79

Walk Score - Very Walkable

Most errands can be accomplished on foot

Some Transit 0

Transit Score - Minimal Transit

It is possible to get on a bus

Somewhat
Bikeable 86

Bike Score - Very Bikeable

Biking is convenient for most trips

Mortgage Calculator for 303 5981 Gray Avenue

Home Price

Down Payment

Down Payment (percent)

Interest Rate

Loan Type

/month

Principal & Interest

Property Taxes $138

Maintenance fee 456.21

With a 20% down payment, buyers can expect an estimated $3,917/month in total housing costs on this $870,000 property — $3,323 mortgage payment, $138 property tax, $456 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: Jul 31, 2026

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

Based on $2,975/month estimated rent and $3,972/month in total housing costs, this property has a -$997/month cashflow. Break-even down payment: approximately 44%.

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

Estateblock Rent Estimate for 303 5981 Gray Avenue, Vancouver

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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.