Home Vancouver, BC Cambie 481 W 40th Avenue

481 W 40th Ave, Vancouver BC – House for Sale – MLS® R3141624

481 W 40th Avenue, Vancouver, British Columbia V5Y 2R5

Vancouver Houses for Sale

109 days on the market

$6,999,000

Est. Mortgage $30,963/mo

Listing updated: Oct 13, 2026 at 06:35pm

EstateBlock checked: Oct 17, 2026 at 01:45pm

4 Beds

2 Baths

2075 sqft

3373 $ /sqft

1949 built

Land Value only

Photos

Exterior photo of 481 W 40th Ave, Vancouver, BC – MLS® R3141624

Exterior Rear Photo of 481 W 40th Avenue, Vancouver, BC

Prime land value opportunity in the highly sought-after Oakridge neighbourhood. This property offers a livable and tenanted home with approx 2,082 sqft of living space, including a basement with 4 bedrooms and 2 bathrooms. Sold "As Is, Where Is," this is an exceptional holding, investment, or future redevelopment opportunity. Conveniently located at Cambie Corridor and minutes from Oakridge Park, Queen Elizabeth Park, Langara Golf Course, and VanDusen Botanical Garden, with shopping, restaurants, and daily amenities nearby. Easy access to the Canada Line at Oakridge–41st Ave Station and major bus routes. School catchment: Sir William Van Horne Elementary, Eric Hamber Secondary, and Langara College, all within 5-min drive.

Interior Features

Basement Finished Area (sqft)	962
Basement Features	Finished
Appliances Included	Washer/Dryer, Dishwasher, Refrigerator, Stove
Fireplace	1
Heating Type	Forced Air, Natural Gas
Laundry	In Unit
# of Kitchens	2
Flooring	Laminate, Mixed
Foundation	Concrete Perimeter

Exterior Features

Roof	Asphalt
Structures	Residential Detached

Building Details

Price	$6,999,000
Total Bedrooms	4
Total Bathrooms	2
Full Bathrooms	2
Half Bathrooms	0
Floor Area Total (sqft)	2075
Year Built	1949
Age Of Building	77
Building Type	Single Family Residence
Property Type	Residential
Stories	2
Ownership Type	Freehold NonStrata
Community Features	Shopping Nearby
Utility Type	Electricity Connected, Natural Gas Connected, Water Connected
Utility Sewer	Public Sewer, Sanitary Sewer, Storm Sewer
Water (WaterSource)	Public
Parking Type	Garage Single
Total Parking Spaces	1
Rental Suites	None

Lot & Land

Lot Size	6539.12
Lot Size Depth	Feet
Lot Size Frontage	52.82
MLS^® #	R3141624
Area	Vancouver West
Neighbourhood	Cambie
City	Vancouver
Postal Code	V5Y 2R5
Gross Taxes	$14,455.3
Zoning	R1-1

Property Timeline

Status	Date	Price
R3141624 / Active	06-30-2026	$6,999,000

Rooms

Floor	Type	Dimensions
Main Level	Living Room	18'8 x 18'8 ft
Main Level	Dining Room	11'9 x 11'9 ft
Main Level	Kitchen	15'0 x 15'0 ft
Main Level	Primary Bedroom	12'0 x 12'0 ft
Main Level	Bedroom	10'6 x 10'6 ft
Basement Level	Living Room	25'0 x 25'0 ft
Basement Level	Kitchen	14'0 x 14'0 ft
Basement Level	Bedroom	13'0 x 13'0 ft
Basement Level	Bedroom	11'1 x 11'1 ft
Basement Level	Laundry	10'4 x 10'4 ft

Bathrooms

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

Listed by: RE/MAX Crest 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
Sir Wm Van Horne Elementary School: Above Average 0.71 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, Secondary
Vancouver College: Above Average 1.52 km 9.5/10
Secondary
King David High School: Above Average 0.61 km 7.8/10

Closest Transit

Bus Stop
Oakridge-41st Ave Station @ Bay 6: 0.1 km
Skytrain
Skytrain @ Oakridge-41St Stn: 0.13 km

Crime Rate

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

Demographics

Post-Secondary Education: Above Average 40.7%
No Certificate/Degree: Average 12.6%
Owner Occupied: Below Average 42.8%
Employment Rate: Average 62.4%

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

30 / 100

Overall sell-speed score

May take longer

Price competition grade

Avg comparable: $-1,196,829

Buyer's

Market conditions

Buyer's market — more supply than demand

Flood Risk

Unlikely — not in floodplain

Railway / Skytrain noise

Unlikely — 0.13 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 CAMBIE compares

This property

109 DOM

Slower than area

Cambie avg

67 DOM

Average

Vancouver avg

67 DOM

Faster market

481 W 40th Avenue has a sell-speed score of 30/100, placing it in the "May take longer than the area average to sell" band. The listing is priced 117.1% above comparable active properties in Cambie. The local market is currently a Buyer's Market with a sales-to-active ratio of 9.2% and an area average of 67 days on market — buyers have more leverage. With only 542 competing homes currently listed, this property has significant competition. Based on these signals, EstateBlock predicts this listing is could take longer than the area average to sell.

Climate Risk for V5Y 2R5

Natural hazards vary by location and can change over time. The following provides a summary of potential impacts to this area, postal code V5Y 2R5, 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. Nearest station: Vancouver Clark Drive, Vancouver (~3.9 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 (8 nearby)

Bmo · 41 m · Bank
Yyoung pharmacy · 46 m · Pharmacy
Packaging depot · 65 m · Post Office

Cafes (5 nearby)

Starbucks · 81 m · Cafe
Feast & fallow · 234 m · Cafe
Simple love · 691 m · Cafe

Transit (3 nearby)

Skytrain @ oakridge-41st stn station · 134 m · Transit
Skytrain @ langara-49th stn station · 967 m · Transit
Bus stop northbound main st @ e 39 ave · 997 m · Transit

Restaurants (2 nearby)

Bonjour banh mi · 50 m · Restaurant
Kamura sushi · 303 m · Restaurant

Groceries (1 nearby)

Anna's cake house · 75 m · Bakery

Healthcare (1 nearby)

Yyoung pharmacy · 46 m · Healthcare

Schools NearBy

42 Schools are within 3km

School	Type	Grades Served	Catchment Info	Rating	Distance
Kerrisdale Annex	Public	Grades Served K-2	Catchment Info —	N/A	Distance 346 m
Secondaire Jules-Verne	Public	Grades Served —	Catchment Info —	7.5 / 10	Distance 581 m
Rose-des-vents	Public	Grades Served —	Catchment Info —	7.5 / 10	Distance 598 m
King David High School	Independent	Grades Served 8-12	Catchment Info —	7.8 / 10	Distance 608 m
Sir Wm Van Horne Elementary School	Public	Grades Served K-7	Catchment Info In Catchment	7.2 / 10	Distance 712 m
Dr. Annie B. Jamieson Elementary School	Public	Grades Served K-7	Catchment Info —	8.3 / 10	Distance 886 m
Dr Annie B Jamieson Elementary	Public	Grades Served —	Catchment Info —	8.3 / 10	Distance 914 m
General Brock Elementary School	Public	Grades Served K-7	Catchment Info —	7.5 / 10	Distance 1.32 KM
Sir William Osler Elementary School	Public	Grades Served K-7	Catchment Info —	8.0 / 10	Distance 1.34 KM
Vancouver College	Independent	Grades Served K-12	Catchment Info —	8.6 / 10	Distance 1.52 KM
John Oliver Secondary School	Public	Grades Served 8-12	Catchment Info —	5.5 / 10	Distance 1.58 KM
General Wolfe Elementary School	Public	Grades Served K-7	Catchment Info —	7.0 / 10	Distance 1.58 KM
St. Andrew's	Independent	Grades Served K-7	Catchment Info —	7.9 / 10	Distance 1.63 KM
St Andrew's	Independent	Grades Served —	Catchment Info —	7.9 / 10	Distance 1.63 KM
Vancouver Talmud Torah Elementary School	Independent	Grades Served K-7	Catchment Info —	8.4 / 10	Distance 1.69 KM
Sir Winston Churchill Secondary School	Public	Grades Served 8-12	Catchment Info —	8.1 / 10	Distance 1.76 KM
Westside Montessori	Independent	Grades Served K	Catchment Info —	N/A	Distance 1.81 KM
Emily Carr Elementary School	Public	Grades Served K-7	Catchment Info —	7.8 / 10	Distance 1.92 KM
Sir Wilfrid Laurier Elementary School	Public	Grades Served K-7	Catchment Info —	7.3 / 10	Distance 1.94 KM
J.W. Sexsmith Community Elementary School	Public	Grades Served K-7	Catchment Info —	7.8 / 10	Distance 1.96 KM
John Henderson Elementary School	Public	Grades Served K-7	Catchment Info —	4.7 / 10	Distance 1.97 KM
Edith Cavell Elementary School	Public	Grades Served K-7	Catchment Info —	7.3 / 10	Distance 2.02 KM
Sir Alexander Mackenzie Elementary School	Public	Grades Served K-7	Catchment Info —	6.3 / 10	Distance 2.16 KM
David Livingstone Elementary School	Public	Grades Served K-7	Catchment Info —	8.0 / 10	Distance 2.17 KM
Sir Richard McBride Annex	Public	Grades Served K-3	Catchment Info —	N/A	Distance 2.32 KM
York House School	Independent	Grades Served K-12	Catchment Info —	9.3 / 10	Distance 2.47 KM
Little Flower Academy	Independent	Grades Served 8-12	Catchment Info —	10.0 / 10	Distance 2.49 KM
Simon Fraser Elementary School	Public	Grades Served K-7	Catchment Info —	7.6 / 10	Distance 2.56 KM
Shaughnessy Elementary School	Public	Grades Served K-7	Catchment Info —	8.1 / 10	Distance 2.58 KM
Maple Grove Elementary School	Public	Grades Served K-7	Catchment Info —	7.7 / 10	Distance 2.60 KM
Pierre Elliott Trudeau Elementary School	Public	Grades Served K-7	Catchment Info —	6.2 / 10	Distance 2.61 KM
des Colibris	Public	Grades Served —	Catchment Info —	9.9 / 10	Distance 2.63 KM
Blessed Sacrament School	Independent	Grades Served K-7	Catchment Info —	8.0 / 10	Distance 2.64 KM
Quilchena Elementary School	Public	Grades Served K-7	Catchment Info —	7.6 / 10	Distance 2.65 KM
Magee Secondary School	Public	Grades Served 8-12	Catchment Info —	7.6 / 10	Distance 2.71 KM
Point Grey Secondary School	Public	Grades Served 8-12	Catchment Info —	8.2 / 10	Distance 2.76 KM
Point Grey Secondary	Public	Grades Served —	Catchment Info —	8.2 / 10	Distance 2.80 KM
Sir Richard McBride Elementary School	Public	Grades Served K-7	Catchment Info —	6.9 / 10	Distance 2.86 KM
Charles Dickens Annex	Public	Grades Served K-3	Catchment Info —	N/A	Distance 2.91 KM
St.Patrick's Elementary School	Independent	Grades Served K-7	Catchment Info —	7.6 / 10	Distance 2.93 KM
Sir Sandford Fleming Elementary School	Public	Grades Served K-7	Catchment Info —	5.1 / 10	Distance 2.95 KM
St Patrick's	Independent	Grades Served —	Catchment Info —	8.3 / 10	Distance 2.95 KM

Pre-computed routes from 481 W 40th Ave, Vancouver, BC

481 W 40th Ave, Vancouver, BC Oakridge-41st 0.1 km

17 min

Downtown Vancouver Waterfront Station

By transit (Skytrain)

Downtown Vancouver via Oakridge-41st → Waterfront
17 min
Metrotown, Burnaby via Oakridge-41st → Metrotown
35 min
SFU Burnaby via Oakridge-41st → Production Way
42 min
Richmond Centre via Oakridge-41st → Brighouse
18 min
YVR Airport via Oakridge-41st → YVR-Airport
19 min

By car (off-peak)

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

Calculate your commute

481 W 40th Ave, Vancouver, BC is ideally located for commuters. The property is 0.1 km from Oakridge-41st, with a 17 min SkyTrain ride to Downtown Vancouver (Waterfront Station). The closest bus stop is Oakridge-41st Ave Station @ Bay 6 (0.1 km). Walk Score Transit rating: Excellent Transit (77/100).

Walkability & Transit Near 481 W 40th Avenue

Car-Dependent 95

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 94

Bike Score - Biker's Paradise

Daily errands can be accomplished on a bike

BC Assessment Value — 481 W 40th Avenue

2026 assessed value, sourced from City of Vancouver open data (PID 010-681-582).

Total Assessed Value (2026)

$2,820,000

-15.6% YoY

-7.6%/yr over 4 yr

2022 Value Trend 2026

Land

$2,810,000

Buildings

$10,000

Year Built

1949

Class

Residential

Zoning

R5-1

Property Tax

$12,925

Year	Land	Improvements	Total Assessed	YOY Change
2026	$2,810,000	$10,000	$2,820,000	-15.6%
2025	$3,333,000	$10,000	$3,343,000	-13.5%
2024	$3,856,000	$10,000	$3,866,000	+0.0%
2023	$3,856,000	$10,000	$3,866,000	+0.0%
2022	$3,856,000	$10,000	$3,866,000	—

Mortgage Calculator for 481 W 40th Avenue

/month

Principal & Interest

Property Taxes $1,205

Maintenance fee 0

Financing 80% of the $6,999,000 asking price over 30 years at 4% results in approximately $27,936/month in total estimated carrying costs, $1,205 property tax.

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

/month

Mortgage Payment

Monthly Payment

Break Even Down Payment 0%

Cap Rate

Cash on Cash

This listing generates an estimated $13,962/month in rental income, leaving a -$14,390/month cashflow at current carrying costs. Investors targeting break-even would need roughly 64% down.

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

Estateblock Rent Estimate for 481 W 40th 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.