Home Vancouver, BC University VW Sail 603 5981 Gray Avenue

603 5981 Gray Ave, Vancouver BC - Apartment/Condo for Sale - MLS# R2793036

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Listing updated: Jul 1, 2025 at 11:06am

EstateBlock checked: Sep 27, 2026 at 07:45am

Sail

2 Beds

2 Baths

819 sqft

1147 $ /sqft

400.37 $ Maint. fee

2013 built

Closed

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This property sold for

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Listing updated: Jul 1, 2025 at 11:06am

EstateBlock checked: Sep 27, 2026 at 07:45am

Photo

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Sold price & sold date

Original list price & price changes

Full photo gallery - 40 photos

Days on market & listing history

Map & Neighbourhood

Public Schools

Secondary
University Hill Secondary School: 0.4 km

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

Private Schools

Elementary, Secondary
Eaton Arrowsmith School: 1.28 km
Elementary, Secondary
Eaton Arrowsmith School: 1.28 km

Closest Transit

Bus Stop
Southbound Wesbrook Mall @ Birney Ave: 0.2 km
Skytrain
Skytrain @ Yvr-Airport Stn: 7.62 km

Crime Rate

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

Demographics

Post-Secondary Education: Above Average 51.7%
No Certificate/Degree: Below Average 7.6%
Owner Occupied: Below Average 59.5%
Employment Rate: Above Average 79.1%

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

56 / 100

Overall sell-speed score

Moderate pace expected

Price competition grade

Avg comparable: $939,000

Balanced

Market conditions

Balanced market — steady conditions

Flood Risk (FEMA/BC)

Unlikely — not in floodplain

Railway / Skytrain noise

Unlikely — 7.62 km from station

Road / Highway noise

Unlikely

Airport noise (YVR)

Unlikely

Power lines proximity

Unlikely

ALR (Agricultural Land Reserve)

No — not in ALR

How UNIVERSITY VW compares

This property

105 DOM

Slower than area

University VW avg

49 DOM

Average

Vancouver avg

49 DOM

Faster market

603 5981 Gray Avenue has a sell-speed score of 56/100, placing it in the "Expected to sell at a moderate pace" band. The listing is priced in line with comparable active properties in University VW. 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.

Nearby Restaurants, Cafes & Shops

Shopping (10 nearby)

Shoppers drug mart · 234 m · Pharmacy
Wesbrook eyecare · 254 m · Optician
A perfect 10 nail spa · 257 m · Beauty Shop

Restaurants (9 nearby)

Togo sushi · 196 m · Restaurant
Nicli pizzeria + bar · 217 m · Restaurant
Neptune chinese kitchen · 232 m · Restaurant

Cafes (3 nearby)

Blenz coffee · 200 m · Cafe
Starbucks · 304 m · Cafe
Field house cafe · 630 m · Cafe

Groceries (2 nearby)

Doughgirls · 271 m · Bakery
Bc liquor store · 279 m · Beverages

Healthcare (2 nearby)

Shoppers drug mart · 234 m · Healthcare
Save-on-foods pharmacy · 308 m · Healthcare

Transit (1 nearby)

Bus stop northbound east mall @ eagles dr · 959 m · Transit

Schools NearBy

8 Schools are within 3km

School	Type	Grades Served	Catchment Info	Rating	Distance
University Hill Secondary School	Public	Grades Served 9-12	Catchment Info In Catchment	8.4 / 10	Distance 401 m
Norma Rose Point Elementary Junior	Public	Grades Served K-8	Catchment Info —	7.8 / 10	Distance 1.07 KM
St Regis Secondary School	Independent	Grades Served —	Catchment Info —	7.3 / 10	Distance 2.18 KM
University Hill Elementary School	Public	Grades Served K-5	Catchment Info —	7.9 / 10	Distance 2.48 KM
Queen Elizabeth Elementary School	Public	Grades Served K-7	Catchment Info —	8.1 / 10	Distance 2.53 KM
St George's School	Independent	Grades Served 1-12	Catchment Info —	9.4 / 10	Distance 2.65 KM
Queen Mary Elementary School	Public	Grades Served K-7	Catchment Info —	7.9 / 10	Distance 2.79 KM
West Point Grey Academy	Independent	Grades Served K-12	Catchment Info —	9.7 / 10	Distance 2.98 KM

Pre-computed routes from 603 5981 Gray Ave, Vancouver, BC

603 5981 Gray Ave, Vancouver, BC YVR-Airport 7.6 km

120 min

Downtown Vancouver Waterfront Station

By transit (Skytrain)

Downtown Vancouver via YVR-Airport → Waterfront
120 min
Metrotown, Burnaby via YVR-Airport → Metrotown
138 min
SFU Burnaby via YVR-Airport → Production Way
145 min
Richmond Centre via YVR-Airport → Brighouse
107 min
YVR Airport
94 min

By car (off-peak)

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

Calculate your commute

603 5981 Gray Ave, Vancouver, BC is ideally located for commuters. The property is 7.6 km from YVR-Airport, with a 120 min SkyTrain ride to Downtown Vancouver (Waterfront Station). The closest bus stop is Southbound Wesbrook Mall @ Birney Ave (0.2 km).

Mortgage Calculator for 603 5981 Gray Avenue

Home Price

Down Payment

Down Payment (percent)

Interest Rate

Loan Type

/month

Principal & Interest

Property Taxes $113

Maintenance fee 400.37

Based on a 30-year fixed at 4% interest with 20% down ($187,800), the estimated monthly payment for this listing is $4,099/month — $3,586 principal & interest, $113 property tax, $400 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

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/month

Mortgage Payment

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Break Even Down Payment 0%

Cap Rate

Cash on Cash

At an estimated rental income of $3,211/month, this property runs a $947/month shortfall after mortgage and carrying costs. Break-even requires approximately 42% down.

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

Estateblock Rent Estimate for 603 5981 Gray 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.