Home Vancouver, BC University VW Sail 313 5981 Gray Avenue

313 5981 Gray Ave, Vancouver BC V6S 0G1 – Condo for Sale – MLS® R3179886

313 5981 Gray Avenue, Vancouver, British Columbia V6S 0G1

Vancouver Condos for Sale

13 days on the market

$1,045,000

Est. monthly cost $5,030/mo

Updated with MLS® - Nov 11, 2026 at 01:10am

3 Beds

2 Baths

992 sqft

1053 $ /sqft

552.25 $ Maint. fee

2014 built

Photos

Rarely available 3-bedroom, 2-bathroom corner residence at SAIL by Adera in the heart of prestigious Wesbrook Village at UBC! This bright and beautifully maintained home features a thoughtfully designed open-concept layout, expansive windows that fill the space with natural light, & well-separated bedrooms for exceptional privacy. The kitchen features SS appliances flows seamlessly into the spacious living and dining areas, while the large covered patio offers the perfect setting for year-round outdoor living and entertaining. Ideally located just steps to Pacific Spirit Regional Park, top-ranked schools, UBC, shops, cafés, restaurants, parks, and transit. An exceptional opportunity in one of Vancouver's most sought-after communities, where nature, convenience, and lifestyle come together.

Building 24 fields Inside & out 12 fields Lot & land 7 fields

Building Details

Price	$1,045,000
Total Bedrooms	3
Total Bathrooms	2
Full Bathrooms	2
Half Bathrooms	0
Floor Area Total (sqft)	992
Year Built	2014
Age Of Building	12
Building Type	Apartment/Condo
Unit Style	Corner unit
Property Type	Residential
Stories	1
Building Amenities	Bike Room, Caretaker, Trash, Maintenance Grounds, Hot Water, Management, Sewer, Snow Removal
Ownership Type	Leasehold prepaid-Strata
Maintenance Fee	$552.25
Amenities Nearby	Bike Room, Caretaker, Trash, Maintenance Grounds, Hot Water, Management, Sewer, Snow Removal
Utility Type	Electricity Connected, Water Connected
Utility Sewer	Sanitary Sewer, Storm Sewer
Water (WaterSource)	Public
Parking Type	Underground
Total Parking Spaces	1
Strata Restrictions	Pets Allowed w/Rest.,Rentals Allwd w/Restrctns
Pet Restrictions	Cats OK, Dogs OK, Number Limit (One), Yes With Restrictions
Units In Development	172

Interior Features

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

Exterior Features

Exterior Features	Garden, Playground
View Description	Garden
Structures	Multi Family, Residential Attached

Lot & Land

MLS^® #	R3179886
Area	Vancouver West
Neighbourhood	University VW
City	Vancouver
Postal Code	V6S 0G1
Gross Taxes	$3,204.34
Zoning	RES

Property Timeline

Status	Date	Price
R3179886 / Active	10-29-2026	$1,045,000
to view full Property History (3 earlier records)

Rooms

Floor	Type	Dimensions
Main Level	Foyer	6'6' x 6'6' ft
Main Level	Kitchen	12'5' x 12'5' ft
Main Level	Dining Room	11'9' x 11'9' ft
Main Level	Living Room	15'3 x 15'3 ft
Main Level	Primary Bedroom	9'11' x 9'11' ft
Main Level	Bedroom	9'6' x 9'6' ft
Main Level	Bedroom	12'9' x 12'9' ft
Main Level	Walk-In Closet	4'5' x 4'5' ft

Bathrooms

Floor	Ensuite	Pieces
Main Level	Yes	#3
Main Level	No	#4

Listed by: Macdonald 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.

About the building: Sail

5983 Gray Avenue, University VW, Vancouver

Sail building details

Building

Built: 2013
Homes: 172 in 6 storeys
Construction: Frame - Wood
Title: Leasehold prepaid-Strata
Strata plan: EPS1525
Managed by: Associa
Parking: Garage: Underground
Lockers: Limited
Strata fee covers: Snow removalManagementHot WaterGardeningGarbage PickupCaretaker

Bylaws on record

Pets: Restricted; Cats and dogs OK, max 1
Rentals: Allowed

Market at Sail

For sale: 10
Median ask: $949K
Median $/sqft: $1,038
Days on market: 87
Sold, past year: 3

This home

$1,053/sqft, 1.4% above the building median of $1,038.

Leasehold prepaid-Strata, not freehold strata. Ask for the lease expiry date, the prepaid rent position, and which lenders will finance it.

Homes for sale at Sail, Vancouver Recent sold listings in Sail, Vancouver

From MLS® and public strata records. Verify against the current Form B and registered bylaws.

Map, sell speed & climate

SkyTrain 7.64 km · University Hill Secondary School 8.4/10 · 0.39 km · crime average · sell-speed score 57/100 (moderate pace) · flood lower risk · wildfire low

Map & area Sell speed Climate risk

Map & Neighbourhood

Nearby Restaurants, Cafes & Shops

Shopping (10 nearby)

Shoppers drug mart · 217 m · Pharmacy
Wesbrook eyecare · 235 m · Optician
A perfect 10 nail spa · 238 m · Beauty Shop

Restaurants (9 nearby)

Togo sushi · 177 m · Restaurant
Nicli pizzeria + bar · 199 m · Restaurant
Neptune chinese kitchen · 214 m · Restaurant

Cafes (3 nearby)

Blenz coffee · 181 m · Cafe
Starbucks · 287 m · Cafe
Field house cafe · 614 m · Cafe

Groceries (2 nearby)

Doughgirls · 253 m · Bakery
Bc liquor store · 261 m · Beverages

Healthcare (2 nearby)

Shoppers drug mart · 217 m · Healthcare
Save-on-foods pharmacy · 291 m · Healthcare

Transit (1 nearby)

Bus stop northbound east mall @ eagles dr · 944 m · Transit

Public Schools

Secondary
University Hill Secondary School: Above Average 0.39 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 2.16 km 7.3/10
Elementary, Secondary
St George's School: Above Average 2.65 km 10/10

Closest Transit

Bus Stop
Southbound Wesbrook Mall @ Birney Ave: 0.18 km
Skytrain
Skytrain @ Yvr-Airport Stn: 7.64 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

57 / 100

Overall sell-speed score

Moderate pace expected

Price competition grade

Avg comparable: $1,063,813

Balanced

Market conditions

Balanced market — steady conditions

Flood Risk

Unlikely — not in floodplain

Railway / Skytrain noise

Unlikely — 7.64 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

13 DOM

Very fast

University VW avg

49 DOM

Average

Vancouver avg

49 DOM

Slower market

313 5981 Gray Avenue has a sell-speed score of 57/100, placing it in the "Expected to sell at a moderate pace" band. The listing is priced 1.8% 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 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.

Climate Risk for V6S 0G1

Natural hazards vary by location and can change over time. The following provides a summary of potential impacts to this area, postal code V6S 0G1, over the next 30 years.

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 A / Excellent

Annual avg PM2.5 4.1 µg/m³ — meets WHO 2021 guideline. Nearest station: Vancouver International Airport #2, Richmond (~9.5 km). Annual avg AQHI 2.2 — Low Risk.

Schools NearBy

8 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 392 m
Norma Rose Point Elementary Junior	Public	Grades Served K-8	Catchment Info —	7.8 / 10	Distance 1.05 KM
St Regis Secondary School	Independent	Grades Served —	Catchment Info —	7.3 / 10	Distance 2.16 KM
University Hill Elementary School	Public	Grades Served K-5	Catchment Info —	7.9 / 10	Distance 2.46 KM
Queen Elizabeth Elementary School	Public	Grades Served K-7	Catchment Info —	8.1 / 10	Distance 2.52 KM
St George's School	Independent	Grades Served 1-12	Catchment Info —	9.4 / 10	Distance 2.65 KM
Queen Mary Elementary School	Public	Grades Served K-7	Catchment Info —	7.9 / 10	Distance 2.78 KM
West Point Grey Academy	Independent	Grades Served K-12	Catchment Info —	9.7 / 10	Distance 2.97 KM

Pre-computed routes from 313 5981 Gray Ave, Vancouver, BC

313 5981 Gray Ave, Vancouver, BC YVR-Airport 7.6 km

121 min

Downtown Vancouver Waterfront Station

By transit (Skytrain)

Downtown Vancouver via YVR-Airport → Waterfront
121 min
Metrotown, Burnaby via YVR-Airport → Metrotown
139 min
SFU Burnaby via YVR-Airport → Production Way
146 min
Richmond Centre via YVR-Airport → Brighouse
108 min
YVR Airport
95 min

By car (off-peak)

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

Calculate your commute

313 5981 Gray Ave, Vancouver, BC is ideally located for commuters. The property is 7.6 km from YVR-Airport, with a 121 min SkyTrain ride to Downtown Vancouver (Waterfront Station). The closest bus stop is Southbound Wesbrook Mall @ Birney Ave (0.18 km).

Walkability & Transit Near 313 5981 Gray Avenue

Very Walkable 84

Walk Score - Very Walkable

Most errands can be accomplished on foot

Biker's Paradise 95

Bike Score - Biker's Paradise

Daily errands can be accomplished on a bike

Costs & calculators

Monthly cost about $5,030/month · rent estimate $3,135/month · owning catches up with renting by year 23 · cash flow if rented −$2,097/month

Mortgage Cash flow Rent estimate Rent vs own

Mortgage Calculator for 313 5981 Gray Avenue

$5,030 /month

Principal & Interest $4,211

Property Taxes $267

Maintenance fee $552

The estimated monthly cost of 313 5981 Gray Avenue, Vancouver is $5,030: $4,211 principal and interest with 20% down over 30 years at 4.45%, plus $267 property tax and $552 strata fee.

or Call 778-918-5990

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

Investment Cashflow Calculator

−$2,097 /month

Mortgage Payment $4,211

Monthly Cash Flow −$2,097

Break Even Down Payment 60%

Cap Rate -2.4%

Cash on Cash -12.0%

If 313 5981 Gray Avenue, Vancouver were rented at $3,135 a month with 5% vacancy, it would fall $2,097 a month short of the mortgage and carrying costs; about 60% down would break even.

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

Estateblock Rent Estimate for 313 5981 Gray Avenue, Vancouver

$3,135 / month

Rent $3,135

Own $5,030

Principal: $1,354/mo Interest, tax, insurance, fees: $3,676/mo

Example shown is the principal portion at year 5 of the mortgage. It grows over the loan: ~$1,134/mo (year 1) → ~$2,637/mo (year 20) → ~$3,933/mo (year 29).

Net cost to own at year 5 ~$3,676/mo About $541/mo more than renting

EstateBlock estimates 313 5981 Gray Avenue, Vancouver would rent for about $3,135 a month.

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.

Rent vs own: 313 5981 Gray Avenue

Rent vs own

Owning catches up by year 23

With 20% down ($209,000) at 4.45%: renting is cheaper at first, but principal paydown closes the gap

Principal paid off by year 5 $74,499

Principal paid off by year 10 $167,524

Assumes 20% down payment, 4.45% fixed rate, 30-year amortization. Rent line = full rent (money gone). Own line = interest + property tax + fees, excluding principal (money you keep as equity). No appreciation, investment returns or transaction costs included.

Renting 313 5981 Gray Avenue, Vancouver is cheaper at first, but owning catches up by year 23, with $74,499 of principal paid off by year 5 and $167,524 by year 10.

Call or Text Now!

Dan Marusin

Renanza Realty

778-918-5990

Award-Winning REALTOR^® with 13+ Years of Experience Serving Greater Vancouver

Earn Cashback on Your Purchase

Potential Cashback for this listing if you buy with us

out of $7,034

0 of 21 missions

$352 / 5.00%

Buy with us & save on this property

Walkability & Transit Near 313 5981 Gray Avenue

Very Walkable 84

Walk Score - Very Walkable

Most errands can be accomplished on foot

Biker's Paradise 95

Bike Score - Biker's Paradise

Daily errands can be accomplished on a bike

More Listings in This Building

$1,050,000

313 5981 Gray Ave, Vancouver BC V6S 0G1 – Condo for Sale – MLS® R3179886

Photos

Property Details for 313 5981 Gray Avenue

Building Details

Interior Features

Exterior Features

Lot & Land

Property Timeline

About the building: Sail

Map, sell speed & climate

Map & Neighbourhood

Nearby Restaurants, Cafes & Shops

Shopping (10 nearby)

Restaurants (9 nearby)

Cafes (3 nearby)

Groceries (2 nearby)

Healthcare (2 nearby)

Transit (1 nearby)

Sell Speed & Competition

Climate Risk for V6S 0G1

Schools NearBy

University Hill Secondary School

Grades Served

Catchment Info

Distance

Norma Rose Point Elementary Junior

Grades Served

Catchment Info

Distance

St Regis Secondary School

Grades Served

Catchment Info

Distance

University Hill Elementary School

Grades Served

Catchment Info

Distance

Queen Elizabeth Elementary School

Grades Served

Catchment Info

Distance

St George's School

Grades Served

Catchment Info

Distance

Queen Mary Elementary School

Grades Served

Catchment Info

Distance

West Point Grey Academy

Grades Served

Catchment Info

Distance

Pre-computed routes from 313 5981 Gray Ave, Vancouver, BC

By transit (Skytrain)

By car (off-peak)

Walkability & Transit Near 313 5981 Gray Avenue

Walk Score - Very Walkable

Bike Score - Biker's Paradise

Costs & calculators

Mortgage Calculator for 313 5981 Gray Avenue

Investment Cashflow Calculator

Estateblock Rent Estimate for 313 5981 Gray Avenue, Vancouver

Rent vs own: 313 5981 Gray Avenue

Price vs Neighbourhood Average — University VW, Vancouver

Call or Text Now!

Earn Cashback on Your Purchase

Walkability & Transit Near 313 5981 Gray Avenue

Walk Score - Very Walkable

Bike Score - Biker's Paradise

More Listings in This Building

315 5981 Gray Avenue, Vancouver, BC

615 5981 Gray Avenue, Vancouver, BC

303 5981 Gray Avenue, Vancouver, BC

210 5981 Gray Avenue, Vancouver, BC

Similar Condos for Sale in University VW

Recently Sold Homes Near 313 5981 Gray Avenue

1506 5380 Crooked Branch Road, Vancouver, BC

1807 5628 Birney Avenue, Vancouver, BC

103 5958 Iona Drive, Vancouver, BC