602 5350 Balsam St, Vancouver BC - Apartment/Condo for Sale - MLS# R3112045

$588,000
Est. Mortgage $2,601/mo
Balsam House
1 Beds
1 Baths
790 sqft
744 $ /sqft
605.87 $ Maint. fee
1970 built
$588,000
Est. $2,601/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 602 5350 Balsam Street

Very spacious, bright and beautiful southwest facing PENTHOUSE in one of the most desirable areas in Vancouver, Kerrisdale! With VIEWS of the ocean and the mountains, this bright VIEW property is perfect for any buyer. This penthouse has huge principle rooms, oversized windows, tons of closet space and a covered balcony. Located in an extremely well-cared-for concrete building w/ just 4 suites per floor and surrounded by beautiful lush gardens. Includes 1 parking, locker, +FREE laundry right outside the door. Updates include: windows/doors and balconies (2014), plumbing (2008), roof (2006). Strata fees cover heat, hot water, and a live-in caretaker. Caretakers suite is owned by the strata, visitor parking spots. Walk to EVERYTHING, shops, transit, restaurants etc! Open Sat, May 9 12-1:30pm

Interior Features

Basement Finished Area (sqft) 0
Basement Features None
Appliances Included Dishwasher, Refrigerator, Stove
Interior Features Elevator, Storage
Heating Type Baseboard, Hot Water
Laundry Common Area
# of Kitchens 1
Flooring Tile, Carpet
Foundation Concrete Perimeter

Exterior Features

Exterior Features Garden, Balcony
View Description Water, Mountains
Roof Torch-On
Structures Multi Family, Residential Attached

Building Details

Price $588,000
Total Bedrooms 1
Total Bathrooms 1
Full Bathrooms 1
Half Bathrooms 0
Floor Area Total (sqft) 790
Year Built 1970
Age Of Building 56
Building Type Apartment/Condo
Property Type Residential
Architecture Style Penthouse
Stories 1
Building Amenities Bike Room, Caretaker, Trash, Heat, Hot Water, Management, Snow Removal
Building Name Balsam House
Ownership Type Freehold Strata
Maintenance Fee $605.87
Community Features Shopping Nearby
Amenities Nearby Bike Room, Caretaker, Trash, Heat, Hot Water, Management, Snow Removal
Utility Type Electricity Connected, Water Connected
Utility Sewer Storm Sewer
Water (WaterSource) Public
Parking Type Garage Under Building, Side Access
Total Parking Spaces 1
Strata Restrictions Pets Not Allowed,Rentals Allwd w/Restrctns
Pet Restrictions No Cats, No Dogs, No
Units In Development 24

Lot & Land

Lot Size Depth Feet
MLS® # R3112045
Area Vancouver West
Neighbourhood Kerrisdale
City Vancouver
Postal Code V6M 4B4
Gross Taxes $1,693.53
Zoning RM-3

Property Timeline

Status Date Price
R3112045 / Pending 04-15-2026 $588,000
Rooms
Floor Type Dimensions
Main Level Foyer 9'11 x 9'11 ft
Main Level Living Room 20'0 x 20'0 ft
Main Level Dining Room 9'6 x 9'6 ft
Main Level Kitchen 8'10 x 8'10 ft
Main Level Bedroom 13'1 x 13'1 ft
Bathrooms
Floor Ensuite Pieces
Main Level No #4

Listed by: Macdonald 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
Point Grey Secondary School
0.59 km
Elementary
Quilchena Elementary School
Average
0.7 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
Crofton House
1.23 km
Elementary, Secondary
Crofton House
1.23 km

Closest Transit

Bus Stop
Westbound W 41 Ave @ Vine St
0.32 km
Skytrain
Skytrain @ Oakridge-41St Stn
3.29 km

Crime Rate

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

Demographics

Post-Secondary Education
Above Average
45.4%
No Certificate/Degree
Below Average
10%
Owner Occupied
Below Average
31.4%
Employment Rate
Average
55.5%

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 602 5350 Balsam Street

BC Assessment Value — 602 5350 Balsam Street

2026 assessed value, sourced from City of Vancouver open data (PID 002-877-767).
Total Assessed Value (2026)
$574,000
+5.7% YoY
+0.3%/yr over 4 yr
2022 Value Trend 2026
Land
$470,000
Buildings
$104,000
Year Built
1973
Class
Residential
Zoning
RM-3
Property Tax
$1,931
Year Land Improvements Total Assessed YOY Change
2026 $470,000 $104,000 $574,000
+5.7%
2025 $447,000 $96,100 $543,100
-7.8%
2024 $485,000 $104,000 $589,000
+1.2%
2023 $479,000 $103,000 $582,000
+2.5%
2022 $451,000 $117,000 $568,000

Mortgage Calculator for 602 5350 Balsam Street

/month
Principal & Interest
Property Taxes $141
Maintenance fee 0
With a 20% down payment, buyers can expect an estimated $2,993/month in total housing costs on this $588,000 property — $2,246 mortgage payment, $141 property tax, $606 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%
Based on $2,234/month estimated rent and $3,051/month in total housing costs, this property has a -$817/month cashflow. Break-even down payment: approximately 50%.
All figures are informational estimates by EstateBlock.com; actual mortgage payments and insurance rates vary by many factors.

Price vs Neighbourhood Average — Kerrisdale, Vancouver

Beds Home Types Square Feet Lot Size Year Built
This Home $588,000
Vancouver Loading...
Kerrisdale Loading...

Based on 2 comparable active apartments/condos in Kerrisdale, the average asking price is $648,333. This listing is priced 9.3% 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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