Home Vancouver, BC University VW Sail 315 5981 Gray Avenue

315 5981 Gray Ave, Vancouver BC - Apartment/Condo for Sale - MLS# R3171525

2 days on the market

$1,050,000

Est. Mortgage $4,645/mo

Listing updated: Oct 1, 2026 at 06:32pm

EstateBlock checked: Oct 3, 2026 at 02:45pm

3 Beds

2 Baths

985 sqft

1066 $ /sqft

2014 built

NEW

2 days on the market

$1,050,000

Est. $4,645/mo with 20% down

Listing updated: Oct 1, 2026 at 06:32pm

EstateBlock checked: Oct 3, 2026 at 02:45pm

Photos

Exterior Front Photo of 315 5981 Gray Avenue, Vancouver, BC

Exterior Rear Photo of 315 5981 Gray Avenue, Vancouver, BC

Living Room Photo of 315 5981 Gray Avenue, Vancouver, BC

Family Room Photo of 315 5981 Gray Avenue, Vancouver, BC

Dining Area Photo of 315 5981 Gray Avenue, Vancouver, BC

Kitchen Photo of 315 5981 Gray Avenue, Vancouver, BC

Kitchen Island Photo of 315 5981 Gray Avenue, Vancouver, BC

Pantry Photo of 315 5981 Gray Avenue, Vancouver, BC

Breakfast Nook Photo of 315 5981 Gray Avenue, Vancouver, BC

Primary Bedroom Photo of 315 5981 Gray Avenue, Vancouver, BC

Primary Bathroom Photo of 315 5981 Gray Avenue, Vancouver, BC

Walk-In Closet Photo of 315 5981 Gray Avenue, Vancouver, BC

Bedroom 2 Photo of 315 5981 Gray Avenue, Vancouver, BC

Rarely available southeast-facing 3-bedroom, 2-bathroom corner residence at SAIL by award-winning Adera in prestigious Wesbrook Village at UBC. A standout feature is the luxurious in-floor radiant heating—a rare comfort in condominium living. This bright, beautifully maintained home offers 9-foot ceilings, expansive windows, engineered hardwood flooring, upgraded laminate flooring in all three bedrooms, and a well-separated layout for privacy. The open kitchen features quartz countertops and GE stainless steel appliances, flowing into spacious living and dining areas. Enjoy a large covered balcony overlooking the garden, ideal for year-round relaxation and entertaining. Steps from UBC, top-ranked schools, Pacific Spirit Regional Park, shops, cafés, community amenities, and transit.

Interior Features

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

Exterior Features

Exterior Features	Garden, Playground, Balcony
Structures	Multi Family, Residential Attached

Building Details

Price	$1,050,000
Total Bedrooms	3
Total Bathrooms	2
Full Bathrooms	2
Half Bathrooms	0
Floor Area Total (sqft)	985
Year Built	2014
Age Of Building	12
Building Type	Apartment/Condo
Property Type	Residential
Stories	1
Building Amenities	Bike Room, Caretaker, Trash, Maintenance Grounds, Gas, Hot Water, Management, Snow Removal
Ownership Type	Leasehold prepaid-NonStrata
Maintenance Fee	$548.91
Community Features	Shopping Nearby
Amenities Nearby	Bike Room, Caretaker, Trash, Maintenance Grounds, Gas, Hot Water, Management, Snow Removal
Utility Type	Electricity Connected, Natural Gas Connected, Water Connected
Utility Sewer	Public Sewer
Water (WaterSource)	Public
Parking Type	Garage Under Building
Total Parking Spaces	1
Strata Restrictions	Pets Allowed w/Rest.,Rentals Allwd w/Restrctns
Pet Restrictions	Yes With Restrictions

Lot & Land

MLS^® #	R3171525
Area	Vancouver West
Neighbourhood	University VW
City	Vancouver
Postal Code	V6S 0G1
Gross Taxes	$2,165.79
Zoning	RES

Property Timeline

Status	Date	Price
R3171525 / Active	10-01-2026	$1,050,000

Rooms

Floor	Type	Dimensions
Main Level	Living Room	15'6 x 15'6 ft
Main Level	Dining Room	12'1 x 12'1 ft
Main Level	Kitchen	9'1 x 9'1 ft
Main Level	Primary Bedroom	11'11 x 11'11 ft
Main Level	Bedroom	10'7 x 10'7 ft
Main Level	Bedroom	9'7 x 9'7 ft

Bathrooms

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

Listed by: Metro Edge 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

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

55 / 100

Overall sell-speed score

Moderate pace expected

Price competition grade

Avg comparable: $1,025,850

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

2 DOM

Very fast

University VW avg

49 DOM

Average

Vancouver avg

49 DOM

Slower market

315 5981 Gray Avenue has a sell-speed score of 55/100, placing it in the "Expected to sell at a moderate pace" band. The listing is priced 2.3% above comparable active properties in University VW. 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 · 275 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 606 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 —	N/A	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 315 5981 Gray Ave, Vancouver, BC

315 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

315 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 315 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 315 5981 Gray Avenue

Home Price

Down Payment

Down Payment (percent)

Interest Rate

Loan Type

/month

Principal & Interest

Property Taxes $180

Maintenance fee 548.91

Financing 80% of the $1,050,000 asking price over 30 years at 4% results in approximately $4,739/month in total estimated carrying costs, $180 property tax, $549 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 1, 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

This listing generates an estimated $2,993/month in rental income, leaving a -$1,880/month cashflow at current carrying costs. Investors targeting break-even would need roughly 58% down.

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

Estateblock Rent Estimate for 315 5981 Gray 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.

Quick summary

auto

2.3% above University VW avg

$1,050,000 vs $1,026,500 area average

Price/sqft: $1,066
Annual tax: $2,165.79
Total monthly est.: $5,374
Walk Score: 79 — Very Walkable
Skytrain: 7.62 km
Flood risk: None
Crime rate: Average
Pets allowed: Yes With Restrictions

School catchment

auto

Elementary: St Regis Secondary School
Rating: 7.3/10
Distance: 2.22 km
Secondary: University Hill Secondary School
Distance: 0.61 km

Call or Text Now!

Dan Marusin

Renanza Realty

778-918-5990

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

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