Home Vancouver, BC South Marine Avalon 2 508 8508 Rivergrass Drive

508 8508 Rivergrass Dr, Vancouver BC V5S 0H7 – Condo for Sale – MLS® R3182809

508 8508 Rivergrass Drive, Vancouver, British Columbia V5S 0H7

Vancouver Condos for Sale

3 days on the market

$839,000

Est. monthly cost $4,152/mo

Updated with MLS® - Nov 12, 2026 at 02:45am

2 Beds

2 Baths

921 sqft

911 $ /sqft

530 $ Maint. fee

2020 built

NEW OPEN HOUSE

Photos

YOUR PRIVATE ROOFTOP OASIS IN VANCOUVER'S RIVER DISTRICT! Discover this exceptional 2-bedroom residence offering approximately 921 sq. ft. of thoughtfully designed indoor living space, plus an impressive 921 sq. ft. rooftop terrace! A rare interior staircase provides direct access to your own outdoor retreat, perfect for entertaining, relaxing, gardening or enjoying sunny afternoons. The bright and functional layout offers comfortable living and dining spaces, ideal for couples, families or those seeking extra room to unwind. Enjoy the vibrant River District lifestyle, surrounded by waterfront trails, parks, restaurants, shops and everyday conveniences. An incredible opportunity to enjoy condo living with the outdoor space of a home. A MUST SEE!

Open houses

14 Nov, 2026 (01:00 PM to 03:00 PM)

Building 22 fields Inside & out 10 fields Lot & land 7 fields

Building Details

Price	$839,000
Total Bedrooms	2
Total Bathrooms	2
Full Bathrooms	0
Half Bathrooms	2
Floor Area Total (sqft)	921
Year Built	2020
Age Of Building	6
Building Type	Apartment/Condo
Unit Style	Corner unit
Property Type	Residential
Stories	1
Building Amenities	Clubhouse, Exercise Centre, Trash, Maintenance Grounds, Gas, Hot Water, Management, Recreation Facilities, Snow Removal
Ownership Type	Freehold Strata
Maintenance Fee	$530
Amenities Nearby	Clubhouse, Exercise Centre, Trash, Maintenance Grounds, Gas, Hot Water, Management, Recreation Facilities, Snow Removal
Utility Type	Community, Electricity Connected, Natural Gas Connected, Water Connected
Utility Sewer	Public Sewer, Sanitary Sewer
Water (WaterSource)	Public
Parking Type	Underground
Total Parking Spaces	1
Strata Restrictions	No Restrictions

Interior Features

Basement Finished Area (sqft)	0
Basement Features	None
Interior Features	Guest Suite, Storage
Heating Type	Geothermal, Heat Pump
Cooling	Central Air
# of Kitchens	1
Foundation	Concrete Perimeter

Exterior Features

Exterior Features	Balcony
Roof	Other
Structures	Multi Family, Residential Attached

Lot & Land

MLS^® #	R3182809
Area	Vancouver East
Neighbourhood	South Marine
City	Vancouver
Postal Code	V5S 0H7
Gross Taxes	$2,892.99
Zoning	APT

Property Timeline

Status	Date	Price
R3182809 / Active	11-09-2026	$839,000

Rooms

Floor	Type	Dimensions
Main Level	Living Room	11'3 x 11'3 ft
Main Level	Kitchen	19'6 x 19'6 ft
Main Level	Foyer	5'3 x 5'3 ft
Main Level	Laundry	5'4 x 5'4 ft
Main Level	Bedroom	9'4 x 9'4 ft
Main Level	Primary Bedroom	10'0 x 10'0 ft
Abv Main 2	Patio	35'9 x 35'9 ft

Bathrooms

Floor	Ensuite	Pieces
Main Level	Yes	#2
Main Level	No	#2

Listed by: eXp 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 2

8570 Rivergrass Drive, South Marine, Vancouver

Avalon 2 building details

Building

Built: 2020
Homes: 359 in 16 storeys
Construction: Frame - Wood, Concrete
Title: Freehold Strata
Strata plan: EPS6476
Managed by: First Service Residential
Parking: Garage: Underground
Lockers: Limited
Strata fee covers: Snow removalRecreation FacilityManagementHot WaterGasGardeningGarbage PickupCaretaker

Bylaws on record

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

Market at Avalon 2

For sale: 11
Median ask: $769K
Median $/sqft: $891
Days on market: 116
Sold, past year: 17

This home

$911/sqft, 2.2% above the building median of $891.

Structural warranty runs to 2030 under BC's 2-5-10 new-home warranty.

Homes for sale at Avalon 2, Vancouver Recent sold listings in Avalon 2, Vancouver

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

Map, sell speed & climate

SkyTrain 2.82 km · Killarney Secondary School 6.3/10 · 2.48 km · crime average · sell-speed score 42/100 (may take longer) · flood lower risk · wildfire low

Map & area Sell speed Climate risk

Map & Neighbourhood

Nearby Restaurants, Cafes & Shops

Restaurants (8 nearby)

Booster juice · 135 m · Fast Food
Sushi mura · 149 m · Restaurant
Local public eatery · 198 m · Restaurant

Shopping (5 nearby)

Prospera credit union · 214 m · Bank
Td canada trust · 228 m · Bank
Scotiabank · 257 m · Bank

Cafes (4 nearby)

Starbucks · 217 m · Cafe
Angus t bakery & cafe · 224 m · Cafe
Boketto dessert cafe · 275 m · Cafe

Groceries (3 nearby)

Save-on-foods · 192 m · Supermarket
Shell · 274 m · Convenience
Red square · 552 m · Bakery

Healthcare (1 nearby)

Shoppers drug mart · 258 m · Healthcare

Parks & Recreation (1 nearby)

Kinship housing co-operative playground · 843 m · Playground

Transit (1 nearby)

Bus stop southbound matheson cres @ raintree court · 976 m · Transit

Public Schools

Elementary
Champlain Heights Community Elementary School: Average 1.67 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: 3.17 km
Elementary,Secondary
Choice School For Gifted Children: Above Average 4.59 km 10/10

Closest Transit

Bus Stop
Eastbound Sawmill Cres @ River District Crossing: 0.19 km
Skytrain
Skytrain @ Metrotown Stn: 2.82 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

42 / 100

Overall sell-speed score

May take longer

Price competition grade

Avg comparable: $745,187

Flood Risk

Unlikely — not in floodplain

Railway / Skytrain noise

Unlikely — 2.82 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

3 DOM

Listed

508 8508 Rivergrass Drive has a sell-speed score of 42/100, placing it in the "May take longer than the area average to sell" band. The listing is priced 12.6% 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 0H7

Natural hazards vary by location and can change over time. The following provides a summary of potential impacts to this area, postal code V5S 0H7, 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 (~3.2 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

15 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 952 m
Suncrest Elementary School	Public	Grades Served K-7	Catchment Info —	7.4 / 10	Distance 1.27 KM
Captain James Cook Elementary School	Public	Grades Served K-7	Catchment Info —	6.2 / 10	Distance 1.59 KM
Champlain Heights Community Elementary School	Public	Grades Served K-7	Catchment Info In Catchment	5.5 / 10	Distance 1.67 KM
Anne-Hebert	Public	Grades Served —	Catchment Info —	7.6 / 10	Distance 1.97 KM
South Slope Elementary School	Public	Grades Served K-7	Catchment Info —	6.9 / 10	Distance 2.08 KM
BC Provincial School For The Deaf Elementary	Public	Grades Served —	Catchment Info —	6.2 / 10	Distance 2.12 KM
David Oppenheimer Elementary School	Public	Grades Served K-7	Catchment Info —	6.3 / 10	Distance 2.36 KM
Dr. H. N. MacCorkindale Elementary School	Public	Grades Served K-7	Catchment Info —	6.4 / 10	Distance 2.44 KM
Killarney Secondary School	Public	Grades Served 8-12	Catchment Info In Catchment	6.3 / 10	Distance 2.48 KM
Nelson Elementary School	Public	Grades Served K-7	Catchment Info —	7.1 / 10	Distance 2.62 KM
Sir Charles Kingsford-Smith School	Public	Grades Served K-7	Catchment Info —	5.4 / 10	Distance 2.66 KM
Sir Charles Kingsford-Smith	Public	Grades Served —	Catchment Info —	5.4 / 10	Distance 2.67 KM
Sir James Douglas Elementary School	Public	Grades Served K-7	Catchment Info —	6.6 / 10	Distance 2.86 KM
Burnaby Youth Hub Secondary Program	Public	Grades Served —	Catchment Info —	2.7 / 10	Distance 2.89 KM

Pre-computed routes from 508 8508 Rivergrass Dr, Vancouver, BC

508 8508 Rivergrass Dr, Vancouver, BC Metrotown 2.8 km

55 min

Downtown Vancouver Waterfront Station

By transit (Skytrain)

Downtown Vancouver via Metrotown → Waterfront
55 min
Metrotown, Burnaby
37 min
SFU Burnaby via Metrotown → Production Way
57 min
Richmond Centre via Metrotown → Brighouse
80 min
YVR Airport via Metrotown → YVR-Airport
81 min

By car (off-peak)

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

Calculate your commute

508 8508 Rivergrass Dr, Vancouver, BC is ideally located for commuters. The property is 2.8 km from Metrotown, with a 55 min SkyTrain ride to Downtown Vancouver (Waterfront Station). The closest bus stop is Eastbound Sawmill Cres @ River District Crossing (0.19 km). Walk Score Transit rating: Good Transit (51/100).

Walkability & Transit Near 508 8508 Rivergrass Drive

Somewhat Walkable 64

Walk Score - Somewhat Walkable

Some errands can be accomplished on foot

Good Transit 51

Transit Score - Good Transit

Many nearby public transportation options

Somewhat Bikeable 44

Bike Score - Somewhat Bikeable

Minimal bike infrastructure

BC Assessment Value — 508 8508 Rivergrass Drive

2026 assessed value, sourced from City of Vancouver open data (PID 030-988-853).

Total Assessed Value (2026)

$860,000

-3.2% YoY

-0.8%/yr over 4 yr

2022 Value Trend 2026

Land

$606,000

Buildings

$254,000

Year Built

2019

Class

Comprehensive Development

Zoning

CD-1 (565)

Property Tax

$2,893

Year	Land	Improvements	Total Assessed	YOY Change
2026	$606,000	$254,000	$860,000	-3.2%
2025	$625,000	$263,000	$888,000	-3.2%
2024	$646,000	$271,000	$917,000	-1.4%
2023	$655,000	$275,000	$930,000	+4.6%
2022	$594,000	$295,000	$889,000	—

Costs & calculators

Monthly cost about $4,152/month · rent estimate $3,020/month · owning catches up with renting by year 11 · cash flow if rented −$1,336/month

Mortgage Cash flow Rent estimate Rent vs own

Mortgage Calculator for 508 8508 Rivergrass Drive

$4,152 /month

Principal & Interest $3,381

Property Taxes $241

Maintenance fee $530

The estimated monthly cost of 508 8508 Rivergrass Drive, Vancouver is $4,152: $3,381 principal and interest with 20% down over 30 years at 4.45%, plus $241 property tax and $530 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

−$1,336 /month

Mortgage Payment $3,381

Monthly Cash Flow −$1,336

Break Even Down Payment 52%

Cap Rate -1.9%

Cash on Cash -9.6%

If 508 8508 Rivergrass Drive, Vancouver were rented at $3,020 a month with 5% vacancy, it would fall $1,336 a month short of the mortgage and carrying costs; about 52% 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 508 8508 Rivergrass Drive, Vancouver

$3,020 / month

Rent $3,020

Own $4,152

Principal: $1,087/mo Interest, tax, insurance, fees: $3,065/mo

Example shown is the principal portion at year 5 of the mortgage. It grows over the loan: ~$910/mo (year 1) → ~$2,117/mo (year 20) → ~$3,157/mo (year 29).

Net cost to own at year 5 ~$3,065/mo About $45/mo more than renting

EstateBlock estimates 508 8508 Rivergrass Drive, Vancouver would rent for about $3,020 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: 508 8508 Rivergrass Drive

Rent vs own

Owning catches up by year 11

With 20% down ($167,800) at 4.45%: renting is cheaper at first, but principal paydown closes the gap

Principal paid off by year 5 $59,813

Principal paid off by year 10 $134,500

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 508 8508 Rivergrass Drive, Vancouver is cheaper at first, but owning catches up by year 11, with $59,813 of principal paid off by year 5 and $134,500 by year 10.