401 1562 W 5th Ave, Vancouver BC - Apartment/Condo for Sale - MLS# R3131200

$688,000
Est. Mortgage $3,044/mo
1 Beds
1 Baths
759 sqft
906 $ /sqft
541.08 $ Maint. fee
1995 built
NEW OPEN HOUSE
$688,000
Est. $3,044/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 401 1562 W 5th Avenue

This spectacular, beautifully updated PENTHOUSE offers over 750 sqft of open-concept living and an exclusive GIANT rooftop deck with city and mountain views. Enjoy freehold ownership in a well-maintained, rainscreened building. Inside, southern exposure and a large bay window provide abundant natural light. Features include beautiful engineered hardwood, a cozy gas fireplace, in-suite laundry, a spacious bedroom, plenty of storage, and a Juliet balcony. Unwind on your private roof deck, or step outside to explore! Just a 5-min walk to Granville Island, the seawall, the Arbutus Greenway, and Granville St. shops and cafes. Minutes to downtown & YVR. One parking spot included. Move in and enjoy urban living at its best!

Open houses

06 Jun, 2026 (01:00 PM to 03:00 PM)

07 Jun, 2026 (01:00 PM to 03:00 PM)

Interior Features

Basement Finished Area (sqft) 0
Basement Features None
Fireplace 1
Heating Type Baseboard, Natural Gas
# of Kitchens 1
Flooring Hardwood, Mixed, Tile
Foundation Concrete Perimeter

Exterior Features

Exterior Features Garden, Balcony
Roof Asphalt, Torch-On
Structures Multi Family, Residential Attached

Building Details

Price $688,000
Total Bedrooms 1
Total Bathrooms 1
Full Bathrooms 1
Half Bathrooms 0
Floor Area Total (sqft) 759
Year Built 1995
Age Of Building 31
Building Type Apartment/Condo
Property Type Residential
Stories 1
Building Amenities Maintenance Grounds, Gas, Management, Snow Removal, Water
Ownership Type Freehold Strata
Maintenance Fee $541.08
Amenities Nearby Maintenance Grounds, Gas, 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
Total Parking Spaces 1
Strata Restrictions Pets Allowed w/Rest.,Rentals Allwd w/Restrctns
Pet Restrictions Cats OK, Dogs OK, Number Limit (Two), Yes With Restrictions
Units In Development 23

Lot & Land

MLS® # R3131200
Area Vancouver West
Neighbourhood False Creek
City Vancouver
Postal Code V6J 5H9
Gross Taxes $2,089.23
Zoning C-3A

Property Timeline

Status Date Price
R3131200 / Active 06-02-2026 $688,000
Rooms
Floor Type Dimensions
Main Level Foyer 11'10 x 11'10 ft
Main Level Bedroom 9'10 x 9'10 ft
Main Level Living Room 18'1 x 18'1 ft
Main Level Dining Room 11'7 x 11'7 ft
Main Level Kitchen 9' x 9' ft
Bathrooms
Floor Ensuite Pieces
Main Level No #3

Listed by: Heller Murch Realty & Heller Murch 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
Henry Hudson Elementary School
0.84 km
Secondary
Kitsilano Secondary School
1.83 km

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

Private Schools

Elementary
St. Augustine's
0.98 km
Secondary
Century High School
0.54 km

Closest Transit

Bus Stop
Westbound W Cloverleaf @ Granville St
0.07 km
Skytrain
Skytrain @ Yaletown-Roundhouse Stn
1.54 km

Crime Rate

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

Demographics

Post-Secondary Education
Above Average
57.9%
No Certificate/Degree
Below Average
4%
Owner Occupied
Below Average
57.5%
Employment Rate
Below Average
34.3%

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

Nearby Restaurants, Cafes & Shops

Schools NearBy

School Type Grades Served Catchment Info Rating Distance
Schools Near 401 1562 W 5th Avenue

BC Assessment Value — 401 1562 W 5th Avenue

2026 assessed value, sourced from City of Vancouver open data (PID 023-082-526).
Total Assessed Value (2026)
$696,775
+4.0% YoY
+2.3%/yr over 4 yr
2022 Value Trend 2026
Land
$564,775
Buildings
$132,000
Year Built
1995
Class
Commercial
Zoning
C-3A
Property Tax
$2,344
Year Land Improvements Total Assessed YOY Change
2026 $564,775 $132,000 $696,775
+4.0%
2025 $546,000 $124,000 $670,000
+4.4%
2024 $523,000 $119,000 $642,000
+0.9%
2023 $518,000 $118,000 $636,000
+0.2%
2022 $494,000 $141,000 $635,000

Mortgage Calculator for 401 1562 W 5th Avenue

/month
Principal & Interest
Property Taxes $174
Maintenance fee 541.08
A 20% down payment of $137,600 on this $688,000 listing yields an estimated mortgage of $2,628/month (30-year fixed, 4%). Total estimated housing cost: $3,343/month, $174 property tax, $541 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:

Investment Cashflow Calculator

/month
Mortgage Payment
Monthly Payment
Break Even Down Payment 0%
With $2,545/month in estimated rental income against $3,399/month in mortgage payments, the monthly cashflow is -$854/month. A 46% 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 — False Creek, Vancouver

Beds Home Types Square Feet Lot Size Year Built
This Home $688,000
Vancouver Loading...
False Creek Loading...

Based on 5 comparable active apartments/condos in False Creek, the average asking price is $729,333. This listing is priced 5.7% below the neighbourhood average.

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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