Home Vancouver, BC South Marine Avalon 3 5 8589 Rivergrass Drive

5 8589 Rivergrass Dr, Vancouver BC V5S 0J7 – Townhouse for Sale – MLS® R3181598

5 8589 Rivergrass Drive, Vancouver, British Columbia V5S 0J7

Vancouver Townhouses for Sale

1 day on the market

$1,318,800

Est. monthly cost $6,685/mo

Updated with MLS® - Nov 6, 2026 at 04:30am

Avalon 3

3 Beds

4 Baths

1620 sqft

814 $ /sqft

971 $ Maint. fee

2021 built

NEW

Photo

Welcome to Avalon 3 in the heart of River District! This spacious 3-bed, 3.5-bath townhouse offers a thoughtfully designed layout with plenty of natural light and room for the whole family. Enjoy outdoor living with your own private rooftop deck, perfect for relaxing or entertaining. Complete with 2 parking stalls (1 EV) and a storage locker. Residents enjoy access to great amenities including a gym, sauna, outdoor lounge, and party rooom. Nestled in a quiet, walkable community, just steps from parks, playgrounds, and everyday conveniences, with easy access to transit and major routes. Experience the best of River District living!

Building 26 fields Inside & out 12 fields Lot & land 7 fields

Building Details

Price	$1,318,800
Total Bedrooms	3
Total Bathrooms	4
Full Bathrooms	3
Half Bathrooms	1
Floor Area Total (sqft)	1620
Year Built	2021
Age Of Building	5
Building Type	Townhouse
Property Type	Residential
Architecture Style	3 Storey
Stories	3
Building Amenities	Clubhouse, Exercise Centre, Concierge, Trash, Maintenance Grounds, Gas, Hot Water, Management, Snow Removal
Building Name	Avalon 3
Ownership Type	Freehold Strata
Maintenance Fee	$971
Community Features	Shopping Nearby
Amenities Nearby	Clubhouse, Exercise Centre, Concierge, Trash, Maintenance Grounds, Gas, Hot Water, Management, Snow Removal
Utility Type	Electricity Connected, Natural Gas Connected, Water Connected
Utility Sewer	Public Sewer, Sanitary Sewer
Water (WaterSource)	Public
Parking Type	Underground, Guest
Total Parking Spaces	2
Strata Restrictions	Pets Allowed w/Rest.,Rentals Allwd w/Restrctns
Pet Restrictions	Yes With Restrictions
Rental Suites	None

Interior Features

Basement Finished Area (sqft)	0
Basement Features	None
Appliances Included	Washer/Dryer, Dishwasher, Refrigerator, Stove, Microwave
Interior Features	Elevator
Heating Type	Heat Pump, Hot Water, Natural Gas
Cooling	Air Conditioning
Laundry	In Unit
# of Kitchens	1
Foundation	Slab

Exterior Features

Exterior Features	Balcony
Roof	Torch-On
Structures	Residential Attached

Lot & Land

MLS^® #	R3181598
Area	Vancouver East
Neighbourhood	South Marine
City	Vancouver
Postal Code	V5S 0J7
Gross Taxes	$4,803.7
Zoning	CD-1

Property Timeline

Status	Date	Price
R3181598 / Active	11-05-2026	$1,318,800

Rooms

Floor	Type	Dimensions
Below	Bedroom	9'10 x 9'10 ft
Below	Storage	6'2 x 6'2 ft
Below	Foyer	7'2 x 7'2 ft
Main Level	Living Room	17' x 17' ft
Main Level	Dining Room	13'4 x 13'4 ft
Main Level	Kitchen	13'4 x 13'4 ft
Above Level	Bedroom	10'3 x 10'3 ft
Above Level	Primary Bedroom	10'9 x 10'9 ft
Above Level	Walk-In Closet	5'6 x 5'6 ft

Bathrooms

Floor	Ensuite	Pieces
Below	No	#4
Main Level	No	#2
Above Level	No	#4
Above Level	Yes	#4

Listed by: Sutton Group - Vancouver First Realty & Sutton Group-West Coast 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: Avalon 3

3538 Sawmill Crescent, South Marine, Vancouver

Avalon 3 building details

Building

Built: 2022
Homes: 329 in 25 storeys
Construction: Concrete
Title: Freehold Strata
Strata plan: EPS6725
Managed by: Awm Alliance
Parking: Visitor Parking, Garage: Underground
Lockers: Limited
Strata fee covers: WaterSnow removalRecreation FacilityManagementHot WaterHeatGasGardeningGarbage PickupCaretaker

Bylaws on record

Pets: Restricted; Cats and dogs OK, max 2
Rentals: Allowed

Market at Avalon 3

For sale: 10
Median ask: $789K
Median $/sqft: $870
Days on market: 48
Sold, past year: 12

This home

$814/sqft, 6.4% below the building median of $870.

Still inside its 2-5-10 new-home warranty — building-envelope coverage to 2027, structural to 2032.

Homes for sale at Avalon 3, Vancouver Recent sold listings in Avalon 3, Vancouver

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

Map, sell speed & climate

SkyTrain 2.93 km · Killarney Secondary School 6.3/10 · 2.48 km · crime average · sell-speed score 35/100 (may take longer) · flood lower risk · wildfire low

Map & area Sell speed Climate risk

Map & Neighbourhood

Nearby Restaurants, Cafes & Shops

Restaurants (9 nearby)

Booster juice · 91 m · Fast Food
Sushi mura · 99 m · Restaurant
Local public eatery · 135 m · Restaurant

Shopping (5 nearby)

Prospera credit union · 122 m · Bank
Scotiabank · 169 m · Bank
Td canada trust · 189 m · Bank

Cafes (4 nearby)

Angus t bakery & cafe · 126 m · Cafe
Starbucks · 168 m · Cafe
Boketto dessert cafe · 199 m · Cafe

Groceries (3 nearby)

Save-on-foods · 148 m · Supermarket
Shell · 365 m · Convenience
Red square · 660 m · Bakery

Healthcare (1 nearby)

Shoppers drug mart · 201 m · Healthcare

Parks & Recreation (1 nearby)

Kinship housing co-operative playground · 763 m · Playground

Transit (1 nearby)

Bus stop northbound champlain cres @ langford ave · 993 m · Transit

Public Schools

Elementary
Champlain Heights Community Elementary School: Average 1.73 km 5.5/10
Secondary
Killarney Secondary School: Average 2.48 km 6.3/10

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

Private Schools

Elementary
Qawsain Knowledge House: 3.12 km
Elementary,Secondary
Choice School For Gifted Children: Above Average 4.6 km 10/10

Closest Transit

Bus Stop
Eastbound Sawmill Cres @ River District Crossing: 0.12 km
Skytrain
Skytrain @ Metrotown Stn: 2.93 km

Crime Rate

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

Demographics

Post-Secondary Education: Above Average 35.1%
No Certificate/Degree: Below Average 12.4%
Owner Occupied: Average 62.7%
Employment Rate: Above Average 66.4%

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

35 / 100

Overall sell-speed score

May take longer

Price competition grade

Avg comparable: $1,060,000

Flood Risk

Unlikely — not in floodplain

Railway / Skytrain noise

Unlikely — 2.93 km from station

Road / Highway noise

Unlikely

Airport noise (YVR)

Unlikely

Power lines proximity

Unlikely

ALR (Agricultural Land Reserve)

No — not in ALR

How SOUTH MARINE compares

This property

1 DOM

Listed

5 8589 Rivergrass Drive has a sell-speed score of 35/100, placing it in the "May take longer than the area average to sell" band. The listing is priced 24.4% above comparable active properties in South Marine. Based on these signals, EstateBlock predicts this listing is could take longer than the area average to sell.

Climate Risk for V5S 0J7

Natural hazards vary by location and can change over time. The following provides a summary of potential impacts to this area, postal code V5S 0J7, 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 A / Excellent

Annual avg PM2.5 4.4 µg/m³ — meets WHO 2021 guideline. Nearest station: Burnaby South, Burnaby (~3.3 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.

Schools NearBy

14 Schools are within 3km

School	Type	Grades Served	Catchment Info	Rating	Distance
Champlain Heights Annex	Public	Grades Served K-3	Catchment Info —	N/A	Distance 994 m
Suncrest Elementary School	Public	Grades Served K-7	Catchment Info —	7.4 / 10	Distance 1.38 KM
Captain James Cook Elementary School	Public	Grades Served K-7	Catchment Info —	6.2 / 10	Distance 1.61 KM
Champlain Heights Community Elementary School	Public	Grades Served K-7	Catchment Info In Catchment	5.5 / 10	Distance 1.73 KM
Anne-Hebert	Public	Grades Served —	Catchment Info —	7.6 / 10	Distance 1.96 KM
South Slope Elementary School	Public	Grades Served K-7	Catchment Info —	6.9 / 10	Distance 2.19 KM
BC Provincial School For The Deaf Elementary	Public	Grades Served —	Catchment Info —	6.2 / 10	Distance 2.23 KM
David Oppenheimer Elementary School	Public	Grades Served K-7	Catchment Info —	6.3 / 10	Distance 2.29 KM
Killarney Secondary School	Public	Grades Served 8-12	Catchment Info In Catchment	6.3 / 10	Distance 2.48 KM
Dr. H. N. MacCorkindale Elementary School	Public	Grades Served K-7	Catchment Info —	6.4 / 10	Distance 2.49 KM
Sir Charles Kingsford-Smith School	Public	Grades Served K-7	Catchment Info —	5.4 / 10	Distance 2.63 KM
Sir Charles Kingsford-Smith	Public	Grades Served —	Catchment Info —	5.4 / 10	Distance 2.64 KM
Nelson Elementary School	Public	Grades Served K-7	Catchment Info —	7.1 / 10	Distance 2.73 KM
Sir James Douglas Elementary School	Public	Grades Served K-7	Catchment Info —	6.6 / 10	Distance 2.80 KM

Pre-computed routes from 5 8589 Rivergrass Dr, Vancouver, BC

5 8589 Rivergrass Dr, Vancouver, BC Metrotown 2.9 km

56 min

Downtown Vancouver Waterfront Station

By transit (Skytrain)

Downtown Vancouver via Metrotown → Waterfront
56 min
Metrotown, Burnaby
38 min
SFU Burnaby via Metrotown → Production Way
58 min
Richmond Centre via Metrotown → Brighouse
81 min
YVR Airport via Metrotown → YVR-Airport
82 min

By car (off-peak)

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

Calculate your commute

5 8589 Rivergrass Dr, Vancouver, BC is ideally located for commuters. The property is 2.9 km from Metrotown, with a 56 min SkyTrain ride to Downtown Vancouver (Waterfront Station). The closest bus stop is Eastbound Sawmill Cres @ River District Crossing (0.12 km). Walk Score Transit rating: Good Transit (50/100).

Walkability & Transit Near 5 8589 Rivergrass Drive

Somewhat Walkable 62

Walk Score - Somewhat Walkable

Some errands can be accomplished on foot

Good Transit 50

Transit Score - Good Transit

Many nearby public transportation options

Somewhat Bikeable 44

Bike Score - Somewhat Bikeable

Minimal bike infrastructure

BC Assessment Value — 5 8589 Rivergrass Drive

2026 assessed value, sourced from City of Vancouver open data (PID 031-594-263).

Total Assessed Value (2026)

$1,428,000

-6.4% YoY

+4.6%/yr over 4 yr

2022 Value Trend 2026

Land

$907,000

Buildings

$521,000

Year Built

N/A

Class

Comprehensive Development

Zoning

CD-1 (566)

Property Tax

$4,804

Year	Land	Improvements	Total Assessed	YOY Change
2026	$907,000	$521,000	$1,428,000	-6.4%
2025	$969,000	$557,000	$1,526,000	-2.3%
2024	$992,000	$570,000	$1,562,000	+2.2%
2023	$971,000	$558,000	$1,529,000	+28.0%
2022	$311,198	$883,624	$1,194,822	—

Costs & calculators

Monthly cost about $6,685/month · rent estimate $3,956/month · owning catches up with renting by year 28 · cash flow if rented −$2,984/month

Mortgage Cash flow Rent estimate Rent vs own

Mortgage Calculator for 5 8589 Rivergrass Drive

$6,685 /month

Principal & Interest $5,314

Property Taxes $400

Maintenance fee $971

The estimated monthly cost of 5 8589 Rivergrass Drive, Vancouver is $6,685: $5,314 principal and interest with 20% down over 30 years at 4.45%, plus $400 property tax and $971 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

−$2,984 /month

Mortgage Payment $5,314

Monthly Cash Flow −$2,984

Break Even Down Payment 65%

Cap Rate -2.7%

Cash on Cash -13.6%

If 5 8589 Rivergrass Drive, Vancouver were rented at $3,956 a month with 5% vacancy, it would fall $2,984 a month short of the mortgage and carrying costs; about 65% 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 5 8589 Rivergrass Drive, Vancouver

$3,956 / month

Rent $3,956

Own $6,685

Principal: $1,709/mo Interest, tax, insurance, fees: $4,976/mo

Example shown is the principal portion at year 5 of the mortgage. It grows over the loan: ~$1,431/mo (year 1) → ~$3,328/mo (year 20) → ~$4,963/mo (year 29).

Net cost to own at year 5 ~$4,976/mo About $1,020/mo more than renting

EstateBlock estimates 5 8589 Rivergrass Drive, Vancouver would rent for about $3,956 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: 5 8589 Rivergrass Drive

Rent vs own

Owning catches up by year 28

With 20% down ($263,760) at 4.45%: renting is cheaper at first, but principal paydown closes the gap

Principal paid off by year 5 $94,018

Principal paid off by year 10 $211,417

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 5 8589 Rivergrass Drive, Vancouver is cheaper at first, but owning catches up by year 28, with $94,018 of principal paid off by year 5 and $211,417 by year 10.