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!
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Property History
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| Status | Date | Price |
|---|
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 |
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.
Public Schools
Information includes BC Government Open License data; school details change often and are offered solely as general guidance.
Private Schools
Closest Transit
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Welcome to 1505 W 62nd Avenue, a beautiful property in the heart of Vancouver's South Granville neighborhood, listed as MLS® R2994420. As we walk through this vibrant community, you'll discover a wealth of amenities and attractions that make it an ideal place to call home.
Let's start with the schools. Dr. R. E. McKechnie Elementary School is just 0.93 km from this property and has a rating of No Rating. This school is a great option for families, offering a strong foundation for young learners. For those seeking alternative education options, Vancouver Hebrew Academy, an independent elementary school, is within walking distance at 0.06 km, also with a rating of No Rating. For secondary education, Royal Canadian College, an independent secondary school, is 1.81 km away, also with a rating of No Rating.
Now, let's talk about safety. According to Statistics Canada's 2020 report, there were 52,217 incidents in this neighborhood. The overall crime rate near 1505 W 62nd Avenue, Vancouver, BC, is 7,470.82, which is Average compared to other Canadian cities. However, the year-over-year change in the total crime rate is a positive -14.94%, indicating a decrease in crime. When it comes to drug crimes, the rating is Average, with 229.49 incidents per 100,000 population. Property crimes in the neighborhood are Above Average, with 5,020.27 incidents per 100,000 population. Nonetheless, the year-over-year change in property misconduct rate is a significant -20.80%. Violent crimes are also relatively low, with a Below Average rate of 1,311.69 incidents per 100,000 population.
Getting around is a breeze in this neighborhood. The closest bus station is Northbound Granville St @ W 62 Ave, just 0.04 km away. Whether you commute by bus, car, or bike, you'll find it convenient to get to work, school, or your favorite destinations.
Now, let's dive into the demographics of this charming neighborhood. According to the data, 45.7% of the population has a university certificate or degree, which is High compared to other BC neighborhoods. Conversely, 9.2% of the population has no certificate or degree, which is Low compared to the average in BC. The median household income is $73,280, which is Average in comparison to the British Columbia average. The median personal income is $31,472, which is Below Average compared to the BC average. Interestingly, 47% of households in this census subdivision have a mortgage, which is Low compared to other neighborhoods.
Unemployment rates are Average at 7.2%, which is comparable to other provinces. Population growth between 2011 and 2016 was 7.5%, which is Above Average in comparison to the average growth rate of this region. The population density per square kilometer is 2,070.1, which is Above Average.
Families are a common sight in this neighborhood, with an average family size of 2.9, which is Average compared to the whole region. 68.1% of families in this area have children, which is Above Average. Moreover, 57.3% of the population is married or living common law, which is Average.
The average age of the population is 42.1 years, which is Average in comparison to other BC cities. The average value of dwellings in this neighborhood is $2,249,469, which is High compared to other areas in British Columbia. Average owner payments are High, with $1,935 spent on dwellings. Tenants, on the other hand, pay an average of $1,302, which is Above Average compared to other cities.
34.3% of the population in this district are renters, which is Above Average compared to other BC cities and areas. English and French speakers make up 7.3% of the population, which is Average. English speakers only make up 85.6%, which is Below Average. Neither English nor French speakers account for 7.1%, which is High compared to other BC cities.
The transportation landscape is diverse, with 27.2% of the population using public transport, which is High. Conversely, 65.1% of the population uses cars, which is Low. 2.7% of the population uses bicycles, which is Above Average. 4.5% of the population walks, which is Average.
In conclusion, 1505 W 62nd Avenue, Vancouver, BC, listed as MLS® R2994420, is a fantastic property in a vibrant neighborhood with a strong sense of community. Whether you're a family, a professional, or an individual, this property offers the perfect blend of amenities
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