Home Vancouver, BC False Creek 523 38 W 1st Avenue

523 38 W 1st Ave, Vancouver BC - Apartment/Condo for Sale - MLS# R2803023

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Listing updated: Jul 1, 2025 at 11:07am

EstateBlock checked: Sep 27, 2026 at 05:45am

2 Beds

2 Baths

934 sqft

1176 $ /sqft

850 $ Maint. fee

2015 built

Closed

VERIFIED ACCOUNT REQUIRED

This property sold for

$●●●,●●●

Listing updated: Jul 1, 2025 at 11:07am

EstateBlock checked: Sep 27, 2026 at 05:45am

Photo

VERIFIED ACCOUNT REQUIRED

Sold price & sold date

Original list price & price changes

Full photo gallery - 40 photos

Days on market & listing history

Map & Neighbourhood

Public Schools

Elementary
Simon Fraser Elementary School: Average 1.43 km 5.9/10

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

Private Schools

Elementary
St. Francis Xavier: Above Average 0.81 km 9.8/10
Secondary
Columbia College: 0.74 km

Closest Transit

Bus Stop
Eastbound E 2nd Ave @ Ontario St: 0.1 km
Skytrain
Skytrain @ Main Street Stn: 0.49 km

Crime Rate

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

Demographics

Post-Secondary Education: Above Average 58.9%
No Certificate/Degree: Below Average 2.8%
Owner Occupied: Average 72.3%
Employment Rate: Below Average 33%

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

56 / 100

Overall sell-speed score

Moderate pace expected

—

Price competition grade

No comparable data

Balanced

Market conditions

Balanced market — steady conditions

Flood Risk (FEMA/BC)

Unlikely — not in floodplain

Railway / Skytrain noise

Unlikely — 0.49 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 FALSE CREEK compares

This property

113 DOM

Slower than area

False Creek avg

49 DOM

Average

Vancouver avg

49 DOM

Faster market

523 38 W 1st Avenue has a sell-speed score of 56/100, placing it in the "Expected to sell at a moderate pace" band. The listing is has limited comparable pricing data available. 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.

Climate Risk for V5Y 0K3

Natural hazards vary by location and can change over time. The following provides a summary of potential impacts to this area, postal code V5Y 0K3, 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 (BC ENV 2024). Nearest station: Vancouver Clark Drive, Vancouver (~2.2 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.

Nearby Restaurants, Cafes & Shops

Restaurants (96 nearby)

Subway · 96 m · Fast Food
Manna sushi · 96 m · Restaurant
Pho quynh express · 97 m · Restaurant

Shopping (85 nearby)

Rbc · 64 m · Bank
Scotiabank · 88 m · Bank
Pure nail bar · 105 m · Beauty Shop

Cafes (34 nearby)

The bubble tea shop · 103 m · Cafe
Honolulu coffee · 110 m · Cafe
Amato gelato & cafè · 133 m · Cafe

Groceries (25 nearby)

Save-on-foods · 118 m · Supermarket
Faculty brewing · 137 m · Beverages
Legacy liquor · 203 m · Beverages

Healthcare (10 nearby)

London drugs · 166 m · Healthcare
Yyoung medicine mart · 290 m · Healthcare
Pharmasave · 535 m · Healthcare

Transit (3 nearby)

Skytrain @ main street stn station · 495 m · Transit
Skytrain @ olympic village stn station · 846 m · Transit
Bus stop westbound e 10 ave @ kingsway · 953 m · Transit

Gyms (1 nearby)

Cycklus · 993 m · Gym

Schools NearBy

45 Schools are within 3km

School	Type	Grades Served	Catchment Info	Rating	Distance
Columbia College	Independent	Grades Served 11-12	Catchment Info —	0	Distance 741 m
St Francis Xavier	Independent	Grades Served —	Catchment Info —	9.6 / 10	Distance 799 m
St. Francis Xavier	Independent	Grades Served K-7	Catchment Info —	9.6 / 10	Distance 809 m
St.Patrick Regional Secondary School	Independent	Grades Served 8-12	Catchment Info —	6.9 / 10	Distance 954 m
Mount Pleasant Elementary School	Public	Grades Served K-7	Catchment Info —	5.3 / 10	Distance 1.01 KM
Eaton Arrowsmith School (Vancouver) Ltd	Independent	Grades Served —	Catchment Info —	0	Distance 1.05 KM
The Westside School	Independent	Grades Served K-9	Catchment Info —	8.8 / 10	Distance 1.06 KM
St.Patrick's Elementary School	Independent	Grades Served K-7	Catchment Info —	7.6 / 10	Distance 1.13 KM
St Patrick's	Independent	Grades Served —	Catchment Info —	8.3 / 10	Distance 1.16 KM
Lowell High School	Independent	Grades Served 10-12	Catchment Info —	0	Distance 1.25 KM
Elsie Roy Elementary School	Public	Grades Served K-7	Catchment Info —	6.8 / 10	Distance 1.31 KM
Florence Nightingale Elementary School	Public	Grades Served K-7	Catchment Info —	7.0 / 10	Distance 1.32 KM
Claren Academy	Independent	Grades Served —	Catchment Info —	9.0 / 10	Distance 1.42 KM
Simon Fraser Elementary School	Public	Grades Served K-7	Catchment Info In Catchment	7.6 / 10	Distance 1.43 KM
Canada Royal Arts High School	Independent	Grades Served —	Catchment Info —	4.6 / 10	Distance 1.51 KM
False Creek Elementary School	Public	Grades Served K-7	Catchment Info —	6.0 / 10	Distance 1.60 KM
False Creek Elementary	Public	Grades Served —	Catchment Info —	6.0 / 10	Distance 1.61 KM
Columbia Academy	Independent	Grades Served 10-12	Catchment Info —	0	Distance 1.62 KM
Sino Bright School BC	Independent	Grades Served 10-12	Catchment Info —	4.3 / 10	Distance 1.64 KM
Blessed Sacrament School	Independent	Grades Served K-7	Catchment Info —	8.0 / 10	Distance 1.68 KM
Lord Strathcona Community Elementary School	Public	Grades Served K-7	Catchment Info —	2.1 / 10	Distance 1.69 KM
Alexander Academy	Independent	Grades Served 8-12	Catchment Info —	6.1 / 10	Distance 1.78 KM
Pattison High School	Independent	Grades Served 9-12	Catchment Info —	0	Distance 1.89 KM
Madrona School	Independent	Grades Served K-9	Catchment Info —	8.3 / 10	Distance 1.95 KM
Franklin School	Independent	Grades Served —	Catchment Info —	4.1 / 10	Distance 1.95 KM
Admiral Seymour Elementary School	Public	Grades Served K-7	Catchment Info —	0	Distance 2.04 KM
Edith Cavell Elementary School	Public	Grades Served K-7	Catchment Info —	7.3 / 10	Distance 2.09 KM
David Livingstone Elementary School	Public	Grades Served K-7	Catchment Info —	8.0 / 10	Distance 2.19 KM
Queen Alexandra Elementary School	Public	Grades Served K-7	Catchment Info —	5.7 / 10	Distance 2.20 KM
St. Lawrence School	Independent	Grades Served —	Catchment Info —	8.2 / 10	Distance 2.28 KM
Charles Dickens Elementary School	Public	Grades Served K-7	Catchment Info —	6.9 / 10	Distance 2.29 KM
General Wolfe Elementary School	Public	Grades Served K-7	Catchment Info —	7.0 / 10	Distance 2.49 KM
Britannia Community Elementary School	Public	Grades Served K-7	Catchment Info —	5.9 / 10	Distance 2.50 KM
VISST	Independent	Grades Served —	Catchment Info —	9.9 / 10	Distance 2.51 KM
Britannia Community Secondary School	Public	Grades Served 8-12	Catchment Info —	5.0 / 10	Distance 2.58 KM
Charles Dickens Annex	Public	Grades Served K-3	Catchment Info —	0	Distance 2.71 KM
Emily Carr Elementary School	Public	Grades Served K-7	Catchment Info —	7.8 / 10	Distance 2.72 KM
Queen Victoria Annex	Public	Grades Served K-5	Catchment Info —	6.4 / 10	Distance 2.80 KM
St.Joseph's School	Independent	Grades Served K-7	Catchment Info —	8.1 / 10	Distance 2.87 KM
Westside Montessori	Independent	Grades Served K	Catchment Info —	0	Distance 2.89 KM
Tyee Elementary School	Public	Grades Served K-7	Catchment Info —	8.0 / 10	Distance 2.90 KM
Vancouver Talmud Torah Elementary School	Independent	Grades Served K-7	Catchment Info —	8.4 / 10	Distance 2.91 KM
Stratford Hall School	Independent	Grades Served K-12	Catchment Info —	8.7 / 10	Distance 2.92 KM
Stratford Hall	Independent	Grades Served —	Catchment Info —	8.7 / 10	Distance 2.94 KM
St Francis of Assisi	Independent	Grades Served K-7	Catchment Info —	8.9 / 10	Distance 2.99 KM

Pre-computed routes from 523 38 W 1st Ave, Vancouver, BC

523 38 W 1st Ave, Vancouver, BC Main Street 0.5 km

15 min

Downtown Vancouver Waterfront Station

By transit (Skytrain)

Downtown Vancouver via Main Street → Waterfront
15 min
Metrotown, Burnaby via Main Street → Metrotown
21 min
SFU Burnaby via Main Street → Production Way
28 min
Richmond Centre via Main Street → Brighouse
40 min
YVR Airport via Main Street → YVR-Airport
41 min

By car (off-peak)

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

Calculate your commute

523 38 W 1st Ave, Vancouver, BC is ideally located for commuters. The property is 0.5 km from Main Street, with a 15 min SkyTrain ride to Downtown Vancouver (Waterfront Station). The closest bus stop is Eastbound E 2nd Ave @ Ontario St (0.1 km).

Mortgage Calculator for 523 38 W 1st Avenue

Home Price

Down Payment

Down Payment (percent)

Interest Rate

Loan Type

/month

Principal & Interest

Property Taxes $224

Maintenance fee 850

A 20% down payment of $219,600 on this $1,098,000 listing yields an estimated mortgage of $4,194/month (30-year fixed, 4%). Total estimated housing cost: $5,268/month, $224 property tax, $850 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: Jul 1, 2025

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

With $3,129/month in estimated rental income against $5,315/month in mortgage payments, the monthly cashflow is -$2,186/month. A 62% down payment would reach break-even.

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

Estateblock Rent Estimate for 523 38 W 1st 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.