Home Vancouver, BC South Marine Avalon 3 553 8575 Rivergrass Drive

553 8575 Rivergrass Dr, Vancouver BC - Apartment/Condo for Sale - MLS# R3152458

33 days on the market

$725,000

Est. Mortgage $3,207/mo

Listing updated: Aug 4, 2026 at 02:21pm

EstateBlock checked: Sep 6, 2026 at 02:45am

Avalon 3

2 Beds

2 Baths

831 sqft

872 $ /sqft

473.66 $ Maint. fee

2022 built

33 days on the market

$725,000

Est. $3,207/mo with 20% down

Listing updated: Aug 4, 2026 at 02:21pm

EstateBlock checked: Sep 6, 2026 at 02:45am

Photos

Exterior Front Photo of 553 8575 Rivergrass Drive, Vancouver, BC

Exterior Rear Photo of 553 8575 Rivergrass Drive, Vancouver, BC

Living Room Photo of 553 8575 Rivergrass Drive, Vancouver, BC

Family Room Photo of 553 8575 Rivergrass Drive, Vancouver, BC

Dining Area Photo of 553 8575 Rivergrass Drive, Vancouver, BC

Kitchen Photo of 553 8575 Rivergrass Drive, Vancouver, BC

Kitchen Island Photo of 553 8575 Rivergrass Drive, Vancouver, BC

Pantry Photo of 553 8575 Rivergrass Drive, Vancouver, BC

Breakfast Nook Photo of 553 8575 Rivergrass Drive, Vancouver, BC

Primary Bedroom Photo of 553 8575 Rivergrass Drive, Vancouver, BC

Experience elevated living at Avalon 3 by Wesgroup, located in the heart of Vancouver’s vibrant River District. This bright & airy 2-bedroom, 2-bath residence boasts an open-concept layout with soaring ceilings & contemporary wide-plank flooring throughout. The chef-inspired kitchen showcases premium JennAir appliances, sleek quartz countertops, & an oversized island perfect for casual dining or entertaining. Designed for year-round comfort, the home features efficient heating & cooling with integrated air conditioning. Includes one parking stall. Residents enjoy exclusive access to resort-style amenities including a stunning outdoor pool, hot tub, fully equipped gym, & social lounge. Just steps from trendy eateries, everyday essentials, & picturesque riverside trails!

Interior Features

Basement Finished Area (sqft)	0
Basement Features	None
Appliances Included	Washer/Dryer, Dishwasher, Refrigerator, Stove, Microwave
Interior Features	Elevator, Guest Suite
Fireplace	0
Heating Type	Forced Air, Heat Pump
Cooling	Central Air, Air Conditioning
Laundry	In Unit
# of Kitchens	1
Flooring	Laminate, Mixed, Tile
Foundation	Concrete Perimeter

Exterior Features

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

Building Details

Price	$725,000
Total Bedrooms	2
Total Bathrooms	2
Full Bathrooms	2
Half Bathrooms	0
Floor Area Total (sqft)	831
Year Built	2022
Age Of Building	4
Building Type	Apartment/Condo
Property Type	Residential
Stories	1
Building Amenities	Bike Room, Clubhouse, Exercise Centre, Recreation Facilities, Caretaker, Trash, Maintenance Grounds, Gas, Hot Water, Management, Snow Removal, Water
Building Name	Avalon 3
Ownership Type	Freehold Strata
Maintenance Fee	$473.66
Community Features	Shopping Nearby
Amenities Nearby	Bike Room, Clubhouse, Exercise Centre, Recreation Facilities, Caretaker, Trash, Maintenance Grounds, Gas, Hot Water, Management, Snow Removal, Water
Utility Type	Electricity Connected, Natural Gas Connected, Water Connected
Utility Sewer	Public Sewer, Sanitary Sewer
Water (WaterSource)	Public
Parking Type	Underground, Guest, Garage Door Opener
Total Parking Spaces	1
Strata Restrictions	Pets Allowed,Rentals Allowed
Pet Restrictions	Cats OK, Dogs OK, Number Limit (Two), Yes
Units In Development	329

Lot & Land

MLS^® #	R3152458
Area	Vancouver East
Neighbourhood	South Marine
City	Vancouver
Postal Code	V5S 0J7
Gross Taxes	$2,485.27
Zoning	CD-1

Property Timeline

Status	Date	Price
R3152458 / Active	08-04-2026	$725,000
to view full Property History (7 earlier records)

Rooms

Floor	Type	Dimensions
Main Level	Foyer	5'1 x 5'1 ft
Main Level	Kitchen	12'0 x 12'0 ft
Main Level	Dining Room	10'8 x 10'8 ft
Main Level	Living Room	10'5 x 10'5 ft
Main Level	Bedroom	10'6 x 10'6 ft
Main Level	Primary Bedroom	9'10 x 9'10 ft

Bathrooms

Floor	Ensuite	Pieces
Main Level	No	#4
Main Level	Yes	#3

Listed by: RE/MAX Crest Realty & 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
Champlain Heights Community Elementary School: Average 1.71 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: 3.15 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: 0.15 km
Skytrain
Skytrain @ Metrotown Stn: 2.89 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

54 / 100

Overall sell-speed score

Moderate pace expected

B+

Price competition grade

Avg comparable: $778,650

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Market conditions

Market conditions unavailable

Flood Risk (FEMA/BC)

Unlikely — not in floodplain

Railway / Skytrain noise

Unlikely — 2.89 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

33 DOM

Listed

South Marine avg

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Vancouver avg

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553 8575 Rivergrass Drive has a sell-speed score of 54/100, placing it in the "Expected to sell at a moderate pace" band. The listing is priced 7.4% below comparable active properties in South Marine, which is a strong competitive signal. Based on these signals, EstateBlock predicts this listing is may take several weeks to attract serious offers.

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 (BC ENV 2024). 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.

Nearby Restaurants, Cafes & Shops

Restaurants (8 nearby)

Booster juice · 101 m · Fast Food
Sushi mura · 113 m · Restaurant
Local public eatery · 159 m · Restaurant

Shopping (5 nearby)

Prospera credit union · 160 m · Bank
Td canada trust · 203 m · Bank
Scotiabank · 206 m · Bank

Cafes (4 nearby)

Angus t bakery & cafe · 167 m · Cafe
Starbucks · 186 m · Cafe
Boketto dessert cafe · 231 m · Cafe

Groceries (3 nearby)

Save-on-foods · 163 m · Supermarket
Shell · 322 m · Convenience
Red square · 613 m · Bakery

Healthcare (1 nearby)

Shoppers drug mart · 224 m · Healthcare

Parks & Recreation (1 nearby)

Kinship housing co-operative playground · 800 m · Playground

Transit (1 nearby)

Bus stop southbound champlain cres @ langford ave · 987 m · Transit

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 —	0	Distance 980 m
Suncrest Elementary School	Public	Grades Served K-7	Catchment Info —	7.4 / 10	Distance 1.33 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 1.71 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 2.14 KM
BC Provincial School For The Deaf Elementary	Public	Grades Served —	Catchment Info —	6.2 / 10	Distance 2.18 KM
David Oppenheimer Elementary School	Public	Grades Served K-7	Catchment Info —	6.3 / 10	Distance 2.32 KM
Dr. H. N. MacCorkindale Elementary School	Public	Grades Served K-7	Catchment Info —	6.4 / 10	Distance 2.48 KM
Killarney Secondary School	Public	Grades Served 8-12	Catchment Info In Catchment	6.3 / 10	Distance 2.48 KM
Sir Charles Kingsford-Smith School	Public	Grades Served K-7	Catchment Info —	5.4 / 10	Distance 2.65 KM
Sir Charles Kingsford-Smith	Public	Grades Served —	Catchment Info —	5.4 / 10	Distance 2.66 KM
Nelson Elementary School	Public	Grades Served K-7	Catchment Info —	7.1 / 10	Distance 2.68 KM
Sir James Douglas Elementary School	Public	Grades Served K-7	Catchment Info —	6.6 / 10	Distance 2.83 KM
Burnaby Youth Hub Secondary Program	Public	Grades Served —	Catchment Info —	2.7 / 10	Distance 2.95 KM

Pre-computed routes from 553 8575 Rivergrass Dr, Vancouver, BC

553 8575 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
3 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

553 8575 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 (0.15 km). Walk Score Transit rating: Good Transit (51/100).

Walkability & Transit Near 553 8575 Rivergrass Drive

Car-Dependent 64

Walk Score - Somewhat Walkable

Some errands can be accomplished on foot

Some Transit 51

Transit Score - Good Transit

Many nearby public transportation options

Somewhat
Bikeable 44

Bike Score - Somewhat Bikeable

Minimal bike infrastructure

BC Assessment Value — 553 8575 Rivergrass Drive

2026 assessed value, sourced from City of Vancouver open data (PID 031-595-341).

Total Assessed Value (2026)

$780,000

-2.1% YoY

+6.4%/yr over 4 yr

2022 Value Trend 2026

Land

$547,000

Buildings

$233,000

Year Built

N/A

Class

Comprehensive Development

Zoning

CD-1 (566)

Property Tax

$2,624

Year	Land	Improvements	Total Assessed	YOY Change
2026	$547,000	$233,000	$780,000	-2.1%
2025	$559,000	$238,000	$797,000	-2.3%
2024	$572,000	$244,000	$816,000	+4.2%
2023	$549,000	$234,000	$783,000	+28.5%
2022	$158,691	$450,590	$609,281	—

Mortgage Calculator for 553 8575 Rivergrass Drive

Home Price

Down Payment

Down Payment (percent)

Interest Rate

Loan Type

/month

Principal & Interest

Property Taxes $207

Maintenance fee 473.66

A 20% down payment of $145,000 on this $725,000 listing yields an estimated mortgage of $2,769/month (30-year fixed, 4%). Total estimated housing cost: $3,450/month, $207 property tax, $474 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: Aug 4, 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

With $2,548/month in estimated rental income against $3,509/month in mortgage payments, the monthly cashflow is -$961/month. A 48% 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 553 8575 Rivergrass Drive, 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.