5045 Payne St, Vancouver BC - Single Family Residence for Sale - MLS# R3128565

$2,500,000
Est. Mortgage $11,060/mo
7 Beds
5 Baths
1926 sqft
1298 $ /sqft
2012 built
$2,500,000
Est. $11,060/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 5045 Payne Street

Potential future high-rise development opportunity ideally located just 200 metres from the Joyce–Collingwood Station, offering exceptional convenience and easy access to transit. !! The main floor features 2 bedrooms and 1 bathroom, while the upper level offers a spacious primary bedroom with ensuite. The lower floor includes 1 bedroom, a flex room, and an additional bathroom — ideal for extended family living. Also below is a 2-bedroom, 1-bath mortgage helper, plus a separate 1-bedroom, 1-bath laneway home for added rental income or multigenerational living. This property is part of a 5-lot land assembly . Designated under the Joyce-Collingwood Station Precinct Plan with potential for up to 4.5 FSR and 14-storey development potential.

Interior Features

Basement Finished Area (sqft) 0
Basement Features None
Appliances Included Washer/Dryer, Dishwasher, Refrigerator, Stove
Heating Type Radiant
# of Kitchens 3
Flooring Laminate, Mixed, Tile
Foundation Concrete Perimeter

Exterior Features

Exterior Features Balcony
Roof Asphalt
Structures Residential Detached

Building Details

Price $2,500,000
Total Bedrooms 7
Total Bathrooms 5
Full Bathrooms 5
Half Bathrooms 0
Floor Area Total (sqft) 1926
Year Built 2012
Age Of Building 14
Building Type Single Family Residence
Property Type Residential
Architecture Style Laneway House
Stories 3
Ownership Type Freehold NonStrata
Utility Type Electricity Connected, Natural Gas Connected, Water Connected
Utility Sewer Sanitary Sewer, Storm Sewer
Water (WaterSource) Public
Parking Type Detached
Total Parking Spaces 1
Rental Suites Unauthorized Suite

Lot & Land

Lot Size 3267
Lot Size Depth Feet
Lot Size Frontage 33
MLS® # R3128565
Area Vancouver East
Neighbourhood Collingwood VE
City Vancouver
Postal Code V5R 4J5
Gross Taxes $7,302.55
Zoning R1-1

Property Timeline

Status Date Price
R3128565 / Active 05-25-2026 $2,500,000
R3007110 / Expired 05-23-2025 $3,200,000
Rooms
Floor Type Dimensions
Main Level Living Room 10'11 x 10'11 ft
Main Level Dining Room 10'11 x 10'11 ft
Main Level Kitchen 14'7 x 14'7 ft
Main Level Bedroom 10'2 x 10'2 ft
Main Level Bedroom 10'3 x 10'3 ft
Below Bedroom 7'9 x 7'9 ft
Below Flex Room 11'9 x 11'9 ft
Below Foyer 6'3 x 6'3 ft
Below Bedroom 6'11 x 6'11 ft
Below Bedroom 10'2 x 10'2 ft
Below Kitchen 12'3 x 12'3 ft
Above Level Primary Bedroom 10'2 x 10'2 ft
Main Level Kitchen 9'3 x 9'3 ft
Main Level Living Room 5'6 x 5'6 ft
Abv Main 2 Bedroom 10'1 x 10'1 ft
Bathrooms
Floor Ensuite Pieces
Main Level No #3
Below No #3
Below No #3
Above Level Yes #3
Above Main 2 No #3

Listed by: eXp 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
Graham Bruce Community Elementary School
0.53 km
Secondary
Windermere Community Secondary School
1.13 km

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

Private Schools

Elementary
St.Mary's School
0.26 km
Secondary
Vancouver Formosa Academy
1.26 km

Closest Transit

Bus Stop
Joyce Station @ Bay 3
0.08 km
Skytrain
Skytrain @ Joyce Stn
0.12 km

Crime Rate

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

Demographics

Post-Secondary Education
Below Average
22.5%
No Certificate/Degree
Above Average
20.2%
Owner Occupied
Below Average
58.6%
Employment Rate
Above Average
70.3%

Noise/ Power Lines

Road/Hwy Noise
Possible
Railway/Sky train Noise
Possible
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 5045 Payne Street

BC Assessment Value — 5045 Payne Street

2026 assessed value, sourced from City of Vancouver open data (PID 028-638-247).
Total Assessed Value (2026)
$2,130,000
-2.6% YoY
+2.9%/yr over 4 yr
2022 Value Trend 2026
Land
$1,422,000
Buildings
$708,000
Year Built
2011
Class
Residential Inclusive
Zoning
R1-1
Property Tax
$7,650
Year Land Improvements Total Assessed YOY Change
2026 $1,422,000 $708,000 $2,130,000
-2.6%
2025 $1,504,000 $682,000 $2,186,000
+0.3%
2024 $1,506,000 $674,000 $2,180,000
+7.5%
2023 $1,381,000 $647,000 $2,028,000
+6.6%
2022 $1,295,000 $607,000 $1,902,000

Mortgage Calculator for 5045 Payne Street

/month
Principal & Interest
Property Taxes $609
Maintenance fee 0
A 20% down payment of $500,000 on this $2,500,000 listing yields an estimated mortgage of $9,548/month (30-year fixed, 4%). Total estimated housing cost: $10,157/month, $609 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 $8,650/month in estimated rental income against $10,382/month in mortgage payments, the monthly cashflow is -$1,732/month. A 35% 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 — Collingwood VE, Vancouver

Beds Home Types Square Feet Lot Size Year Built
This Home $2,500,000
Vancouver Loading...
Collingwood VE 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.

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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