Below Assessment Value, 10.8% price reduction

1505 W 62nd Ave, Vancouver, BC

$3,300,000
Est. Mortgage /mo

MLS# R2994420

8 Beds
5 Baths
3297 sqft
1001 $ /sqft
2005 built
$3,300,000
$3,699,000
Est. /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

Property Details & Specs

Below Assessment Value 10.8% price reduction

Priced below assessment $4,102,000. Prestigious South Granville Area! This custom-built 3-level home offers 8 bedrooms , 5 bathrooms , and brand-new appliances , blending modern comfort with style . Situated on a bright corner lot with RM-8N zoning , no rezoning is needed for potential multi-family development, adding significant future value. The basement suite, featuring its own separate entrance and kitchen, generates excellent rental income , making this an even more attractive investment. Located steps from restaurants , shopping, and transit , and within the McKechnie Elementary and Magee Secondary catchment, with top private schools nearby. Easy access to Oakridge Centre, Richmond, and Downtown Vancouver . Ideal as a family home or investment/holding property. Don' t miss out!

General Info

Price $3,300,000
Total Bedrooms 8
Total Bathrooms 5
Half Bathrooms 0
Floor Area Total (sqft) 3297
Lot Size 5498
Lot Size Depth Feet
Lot Size Frontage 53.8
Basement 0
Basement Features Full

Property Metrics

Year Built 2005
Age Of Building 20
Building Type Single Family Residence
Property Type Residential
Stories 2
Appliances Included Washer/Dryer, Dishwasher, Refrigerator, Stove
Structures Residential Detached

Additional Details

MLS® # R2994420
Building Name -
Area Vancouver West
Neighbourhood South Granville
City Vancouver
Postal Code V6P 2E8
Price per Sqft -
Gross Taxes $15,282.4
Ownership Type Freehold NonStrata
Maintenance Fee -
Community Features Shopping Nearby

Heating & Cooling

Fireplace 0
Heating Type Natural Gas, Radiant
Cooling Air Conditioning

Utilities

Utility Type Electricity Connected, Natural Gas Connected, Water Connected
Utility Sewer Public Sewer, Sanitary Sewer, Storm Sewer
Water (WaterSource) Public

Parking

Parking Type Garage Triple, Lane Access, Asphalt, Garage Door Opener
Total Parking Spaces 3
Strata Restrictions -
Rental Restrictions -
Zoning RM-8N
Rental Suites Unauthorized Suite
# of Kitchens 3
Flooring Hardwood, Mixed, Tile
Foundation Concrete Perimeter
Locker -
View Description -
Units In Development -
Sewer Public Sewer, Sanitary Sewer, Storm Sewer
Roof Concrete

Property Timeline

Status Date Price
R2994420 / Active 04-24-2025 $3,300,000
R2772638 / Sold 12-05-2023 $3,688,000
Rooms
Floor Type Dimensions
Main Level Living Room 12'6 x 12'6 ft
Main Level Dining Room 14' x 14' ft
Main Level Family Room 14'7 x 14'7 ft
Main Level Kitchen 19'6 x 19'6 ft
Main Level Wok Kitchen 6' x 6' ft
Main Level Bedroom 14' x 14' ft
Main Level Bedroom 12'6 x 12'6 ft
Main Level Foyer 12' x 12' ft
Above Level Primary Bedroom 14'10 x 14'10 ft
Above Level Bedroom 12'10 x 12'10 ft
Above Level Bedroom 12'8 x 12'8 ft
Above Level Bedroom 12'3 x 12'3 ft
Below Living Room 12' x 12' ft
Below Kitchen 10'6 x 10'6 ft
Below Bedroom 14'10 x 14'10 ft
Below Bedroom 14'10 x 14'10 ft
Below Laundry 8'10 x 8'10 ft
Bathrooms
Floor Ensuite Pieces
Main Level No #3
Above Level Yes #5
Above Level Yes #4
Above Level Yes #4
Below No #4
Listed by: Royal Pacific Riverside Realty Ltd.

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.

Neighborhood & Transit Info

Public Schools

Elementary
Dr. R. E. McKechnie Elementary School
0.93 km
Elementary
Dr. R. E. McKechnie Elementary School
0.93 km
Secondary
Magee Secondary School
1.74 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
0.06 km
Secondary
Royal Canadian College
1.81 km

Closest Transit

Bus Stop
Northbound Granville St @ W 62 Ave
0.04 km
Skytrain
Skytrain @ Marine Drive Stn
1.82 km

Crime Rate

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

Demographics

Post-Secondary Education
Above Average
45.7%
No Certificate/Degree
Below Average
9.2%
Owner Occupied
Below Average
47%
Employment Rate
Above Average
68.1%

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

Local Info

Estimated Mortgage Calculator

/month
Principal & Interest
Property Taxes $1,274
Maintenance fee 0
Based on a 30-year fixed at 4% interest with 20% down ($660,000), the estimated monthly payment for this listing is $13,878/month — $12,604 principal & interest, $1,274 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:

Estimated Cashflow Calculator

/month
Mortgage Payment
Monthly Payment
Break Even Down Payment 0%
At an estimated rental income of $8,790/month, this property runs a $5,328/month shortfall after mortgage and carrying costs. Break-even requires approximately 54% down.
All figures are informational estimates by EstateBlock.com; actual mortgage payments and insurance rates vary by many factors.

Home Price Evaluation Chart

Beds Home Types Square Feet Lot Size Year Built
This Home $3,300,000
Vancouver Loading...
South Granville Loading...
This listing has no active comparable properties in Vancouver at present. The price evaluation chart will update as similar listings become available. This property is flagged as a Hot Deal (Below Assessment Value, 10.8% 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 Price Comparision

This house $1,400,000
Surrey

No comparables

Fleetwood Tynehead $1,399,000 -6.38%
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

Property FAQs

What are the closest top-rated schools to 1505 W 62nd Avenue, Vancouver, BC?
The closest top-rated schools are Dr. R. E. McKechnie Elementary School and Dr. R. E. McKechnie Elementary School.
Is 1505 W 62nd Avenue, Vancouver, BC in a flood zone?
Flood risk status: No.
What is the estimated monthly mortgage and strata fee for 1505 W 62nd Avenue, Vancouver, BC?
With a standard down payment, the estimated monthly mortgage is approximately $19,800.
Dan Marusin
Dan Marusin
Renanza Realty
778-918-5990
Award-Winning REALTOR® with 11+ Years of Experience Serving Greater Vancouver

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