1198 W 55th Ave, Vancouver BC - Single Family Residence for Sale - MLS# R3099154

$6,488,000
Est. Mortgage $28,703/mo
4 Beds
4 Baths
5739 sqft
1131 $ /sqft
2004 built
5.7% price reduction
$6,488,000
$6,880,000
Est. $28,703/mo with 20% down
Dan Marusin
Dan Marusin
Renanza Realty
778-918-5990
Award-Winning REALTOR® with 11+ Years of Experience Serving Greater Vancouver
Go See This Home Now

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Property Details for 1198 W 55th Avenue

5.7% price reduction

Live every day like you're on vacation in this extraordinary custom-built home. Designed with entertaining and relaxation in mind, it combines architectural beauty with resort-style amenities. A striking marble exterior, limestone entry, and intricate wrought iron details create an unforgettable first impression. Inside, marble flooring, soaring ceilings, and artisan finishes set a tone of sophistication. The gourmet kitchen is equipped with top-of-the-line appliances and a catering-ready pantry - perfect for hosting family and friends. Step through grand walnut French doors to your private paradise: a sparkling designer pool, cabana, hot tub, and a secluded waterfall grotto nestled within lush, natural landscaping. This home offers privacy, elegance, and effortless indoor-outdoor living.

Interior Features

Basement Finished Area (sqft) 1926
Basement Features Partially Finished, Exterior Entry
Appliances Included Washer/Dryer, Dishwasher, Refrigerator, Stove, Oven
Interior Features Central Vacuum, Wet Bar
Fireplace 3
Heating Type Geothermal, Hot Water, Natural Gas
Cooling Air Conditioning
Laundry In Unit
# of Kitchens 1
Flooring Hardwood, Tile, Carpet
Foundation Concrete Perimeter

Exterior Features

Exterior Features Balcony, Private Yard
Roof Other
Structures Residential Detached

Building Details

Price $6,488,000
Total Bedrooms 4
Total Bathrooms 4
Full Bathrooms 3
Half Bathrooms 1
Floor Area Total (sqft) 5739
Year Built 2004
Age Of Building 22
Building Type Single Family Residence
Property Type Residential
Stories 2
Ownership Type Freehold NonStrata
Community Features Shopping Nearby
Utility Type Electricity Connected, Natural Gas Connected, Water Connected
Utility Sewer Public Sewer, Sanitary Sewer, Storm Sewer
Water (WaterSource) Public
Parking Type Garage Triple, Front Access, Garage Door Opener
Total Parking Spaces 3

Lot & Land

Lot Size 12842.1
Lot Size Depth Feet
Lot Size Frontage 75.1
MLS® # R3099154
Area Vancouver West
Neighbourhood South Granville
City Vancouver
Postal Code V6P 7A1
Gross Taxes $43,498.9
Zoning R1-1

Property Timeline

Status Date Price
R3099154 / Active 03-12-2026 $6,488,000
Rooms
Floor Type Dimensions
Main Level Foyer 17'2 x 17'2 ft
Main Level Living Room 17'3 x 17'3 ft
Main Level Dining Room 15'8 x 15'8 ft
Main Level Kitchen 17'6 x 17'6 ft
Main Level Nook 10'7 x 10'7 ft
Main Level Family Room 16'9 x 16'9 ft
Main Level Laundry 7' x 7' ft
Above Level Primary Bedroom 21'7 x 21'7 ft
Above Level Dressing Room 14'1 x 14'1 ft
Above Level Bedroom 11'3 x 11'3 ft
Basement Level Recreation Room 26' x 26' ft
Basement Level Bar Room 9'8 x 9'8 ft
Basement Level Games Room 17'7 x 17'7 ft
Basement Level Bedroom 17'5 x 17'5 ft
Basement Level Bedroom 17'5 x 17'5 ft
Bathrooms
Floor Ensuite Pieces
Main Level No #2
Above Level Yes #5
Above Level No #3
Basement No #3

Listed by: Dracco Pacific Realty & Dracco Pacific 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

Secondary
Sir Winston Churchill Secondary School
0.56 km
Elementary
Sir William Osler Elementary School
1.23 km

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

Private Schools

Elementary
Vancouver Hebrew Academy
0.8 km
Secondary
Pacific Torah Institute
1.55 km

Closest Transit

Bus Stop
Southbound Oak St @ W 54 Ave
0.34 km
Skytrain
Skytrain @ Langara-49Th Stn
1.37 km

Crime Rate

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

Demographics

Post-Secondary Education
Above Average
41.5%
No Certificate/Degree
Below Average
11.9%
Owner Occupied
Below Average
41.1%
Employment Rate
Above Average
69.7%

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
Possible

Nearby Restaurants, Cafes & Shops

Schools NearBy

School Type Grades Served Catchment Info Rating Distance
Schools Near 1198 W 55th Avenue

BC Assessment Value — 1198 W 55th Avenue

2026 assessed value, sourced from City of Vancouver open data (PID 024-832-804).
Total Assessed Value (2026)
$7,346,000
-4.8% YoY
-0.3%/yr over 4 yr
2022 Value Trend 2026
Land
$4,120,000
Buildings
$3,226,000
Year Built
2004
Class
Residential Inclusive
Zoning
R1-1
Property Tax
$42,724
Year Land Improvements Total Assessed YOY Change
2026 $4,120,000 $3,226,000 $7,346,000
-4.8%
2025 $4,436,000 $3,283,000 $7,719,000
-0.7%
2024 $4,428,000 $3,346,000 $7,774,000
+1.8%
2023 $4,247,000 $3,386,000 $7,633,000
+2.8%
2022 $4,129,000 $3,298,000 $7,427,000

Mortgage Calculator for 1198 W 55th Avenue

/month
Principal & Interest
Property Taxes $3,625
Maintenance fee 0
A 20% down payment of $1,297,600 on this $6,488,000 listing yields an estimated mortgage of $24,780/month (30-year fixed, 4%). Total estimated housing cost: $28,405/month, $3,625 property tax.
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:

Investment Cashflow Calculator

/month
Mortgage Payment
Monthly Payment
Break Even Down Payment 0%
With $13,624/month in estimated rental income against $28,791/month in mortgage payments, the monthly cashflow is -$15,167/month. A 69% down payment would reach break-even.
All figures are informational estimates by EstateBlock.com; actual mortgage payments and insurance rates vary by many factors.

Price vs Neighbourhood Average — South Granville, Vancouver

Beds Home Types Square Feet Lot Size Year Built
This Home $6,488,000
Vancouver Loading...
South Granville Loading...

Comparable data is unavailable at the neighbourhood level. City-wide in Vancouver, similar Single Family Residences average $8,816,000 across 3 active listings — this listing is 26.4% below the Vancouver average. This property is flagged as a Hot Deal (5.7% price reduction) based on its competitive pricing and market demand.

Data is based on list prices of similar active listings. 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 Real Estate Board of Greater Vancouver which assumes no responsibility for its accuracy

Listing Agent & Brokerage

Dan Marusin
Dan Marusin
Renanza Realty
778-918-5990
Award-Winning REALTOR® with 11+ Years of Experience Serving Greater Vancouver

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