1562 W 40th Ave, Vancouver BC - Single Family Residence for Sale - MLS# R2949779

$3,860,000
Est. Mortgage $17,077/mo
5 Beds
7 Baths
3958 sqft
975 $ /sqft
2012 built
40.6% price reduction
$3,860,000
$6,500,000
Est. $17,077/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 1562 W 40th Avenue

40.6% price reduction

Luxurious Craftsman Mansion in Prestigious Shaughnessy. This exquisite 5-bedroom home sits on a 9,300 SQFT lot, offering unmatched elegance and comfort. Highlights include a gourmet kitchen with top-tier appliances, a wok kitchen, home theatre, wine cellar, radiant floor heating and air conditioning. The beautifully landscaped garden features a serene pavilion. It is located within the catchment of Quilchena Elementary and Point Grey Secondary, with easy access to Vancouver Downtown and Richmond. Perfect for refined living.

Interior Features

Basement Finished Area (sqft) 1457
Basement Features Full, Finished
Fireplace 1
Heating Type Radiant
# of Kitchens 2
Flooring Mixed
Foundation Concrete Perimeter

Exterior Features

Exterior Features Balcony
Roof Metal
Structures Residential Detached

Building Details

Price $3,860,000
Total Bedrooms 5
Total Bathrooms 7
Full Bathrooms 5
Half Bathrooms 2
Floor Area Total (sqft) 3958
Year Built 2012
Age Of Building 14
Building Type Single Family Residence
Property Type Residential
Stories 2
Ownership Type Freehold NonStrata
Utility Type Electricity Connected, Natural Gas Connected, Water Connected
Utility Sewer Public Sewer, Sanitary Sewer
Water (WaterSource) Public
Parking Type Garage Triple, Rear Access
Total Parking Spaces 4

Lot & Land

Lot Size 9300
Lot Size Depth Feet
Lot Size Frontage 93
MLS® # R2949779
Area Vancouver West
Neighbourhood Shaughnessy
City Vancouver
Postal Code V6M 1V8
Gross Taxes $33,569
Zoning R1-1

Property Timeline

Status Date Price
R2949779 / Pending 12-09-2024 $3,860,000
Rooms
Floor Type Dimensions
Main Level Living Room 11'11 x 11'11 ft
Main Level Office 15'1 x 15'1 ft
Main Level Family Room 12'6 x 12'6 ft
Main Level Dining Room 13'2 x 13'2 ft
Main Level Kitchen 12'9 x 12'9 ft
Main Level Eating Area 12'4 x 12'4 ft
Main Level Wok Kitchen 12'11 x 12'11 ft
Above Level Primary Bedroom 12'7 x 12'7 ft
Above Level Bedroom 12'2 x 12'2 ft
Above Level Bedroom 11'1 x 11'1 ft
Basement Level Media Room 15'4 x 15'4 ft
Basement Level Recreation Room 15'1 x 15'1 ft
Basement Level Bedroom 13'5 x 13'5 ft
Basement Level Bedroom 10'5 x 10'5 ft
Basement Level Laundry 8'1 x 8'1 ft
Bathrooms
Floor Ensuite Pieces
Main Level No #2
Above Level Yes #5
Above Level Yes #3
Above Level Yes #3
Basement No #3

Listed by: Royal Pacific Realty Corp.

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
Point Grey Secondary School
0.92 km
Elementary
Quilchena Elementary School
Average
0.83 km
6.1/10

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

Private Schools

Elementary, Secondary
Vancouver College
Above Average
0.36 km
10/10
Elementary, Secondary
Vancouver College
Above Average
0.36 km
10/10

Closest Transit

Bus Stop
Southbound Granville St @ W 40 Ave
0.07 km
Skytrain
Skytrain @ Oakridge-41St Stn
1.79 km

Crime Rate

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

Demographics

Post-Secondary Education
Above Average
52.4%
No Certificate/Degree
Below Average
9.8%
Owner Occupied
Below Average
36.2%
Employment Rate
Above Average
67.9%

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

Nearby Restaurants, Cafes & Shops

Schools NearBy

School Type Grades Served Catchment Info Rating Distance
Schools Near 1562 W 40th Avenue

BC Assessment Value — 1562 W 40th Avenue

2026 assessed value, sourced from City of Vancouver open data (PID 010-318-887).
Total Assessed Value (2026)
$6,138,000
-8.6% YoY
-1.0%/yr over 4 yr
2022 Value Trend 2026
Land
$3,831,000
Buildings
$2,307,000
Year Built
2012
Class
Residential Inclusive
Zoning
R1-1
Property Tax
$32,021
Year Land Improvements Total Assessed YOY Change
2026 $3,831,000 $2,307,000 $6,138,000
-8.6%
2025 $4,363,000 $2,349,000 $6,712,000
-0.2%
2024 $4,311,000 $2,413,000 $6,724,000
+1.1%
2023 $4,208,000 $2,440,000 $6,648,000
+4.2%
2022 $4,000,000 $2,378,000 $6,378,000

Mortgage Calculator for 1562 W 40th Avenue

/month
Principal & Interest
Property Taxes $2,797
Maintenance fee 0
Financing 80% of the $3,860,000 asking price over 30 years at 4% results in approximately $17,540/month in total estimated carrying costs, $2,797 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%
This listing generates an estimated $8,878/month in rental income, leaving a -$8,943/month cashflow at current carrying costs. Investors targeting break-even would need roughly 69% down.
All figures are informational estimates by EstateBlock.com; actual mortgage payments and insurance rates vary by many factors.

Price vs Neighbourhood Average — Shaughnessy, Vancouver

Beds Home Types Square Feet Lot Size Year Built
This Home $3,860,000
Vancouver Loading...
Shaughnessy Loading...

No active comparable properties are currently available for this property type in Vancouver. The price evaluation chart will update as similar listings enter the market. This property is flagged as a Hot Deal (40.6% 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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