2623 W 5th Ave, Vancouver, BC, MLS® R2879931

$2,888,000
Est. Mortgage /mo

Closed

$2,787,500
Closed at 20 Jun 2024
Listing price: $2,888,000
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
6 Beds
4 Baths
3 Stories
lot 3012 sqft
2631 sqft
1912 built
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Map
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2623 W 5th Ave, Vancouver, BC | MLS® R2879931 Property Details

Attention home seekers and investors, do I have a property for you! Presenting 2623 W 5th Avenue, located in the heart of Kitsilano. This over 2600 sq-ft character home features three suites with three separate addresses, totaling 6 bedrooms and 4 bathrooms, spread across 4 floors. The largest suite occupies the top 2 floors with 3+ bedrooms and 2 bathrooms. All units have separate laundry. As an investor, it offers an impressive revenue stream from all 3 suites. For those looking for a place to call home, you have the potential of 2 mortgage helpers to assist you, making this a unique and desirable property. Walking distance to excellent public and private schools, and conveniently close to beaches with easy access to UBC. Don't miss out on this impressive revenue stream opportunity!

General Info

Price $2,888,000
Total Bedrooms 6
Total Bathrooms 3
Half Bathrooms 1
Floor Area Total (sqft) 2631
Lot Size 3012
Lot Size Depth Feet
Lot Size Frontage 25.1
Basement Exterior Entry
Basement Features BasementFeatures

Property Metrics

Year Built 1912
Age Of Building 112
Building Type Single Family Residence
Property Type Residential
Architecture Style Basement Entry, Split Entry
Stories 3
Appliances Included Washer/Dryer, Dishwasher, Refrigerator, Stove
Building Features BuildingFeatures
Structures Residential Detached

Additional Details

MLS® # R2879931
Area Vancouver West
Neighbourhood Kitsilano
City Vancouver
Gross Taxes $6,376.11
Ownership Type Freehold NonStrata
Maintenance Fee -
Community Features Shopping Nearby
Fixtures Included -

Heating & Cooling

Fireplace 2
Heating Type Electric, Forced Air

Utilities

Utility Type Electricity Connected, Natural Gas Connected
Utility Sewer Public Sewer, Sanitary Sewer
Water (WaterSource) Public

Parking

Parking Type Open, Front Access, Aggregate
Total Parking Spaces 1

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Strata Restrictions -
Rental Restrictions -
Zoning RT8
Rental Suites -
# of Kitchens 3
Flooring Hardwood, Laminate, Tile, Carpet
Foundation Concrete Perimeter, Other
Locker -
View -
View Description -
Units In Development -
Exterior Features Balcony, Private Yard
Sewer Public Sewer, Sanitary Sewer
Roof Fibreglass

Property History

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Status Date Price
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Listed by: Royal LePage Sussex

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.

Neighborhood Info

Public Schools

Secondary
Kitsilano Secondary School
0.61 km
Elementary
General Gordon Elementary School
0.41 km

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

Private Schools

Elementary
Pear Tree Elementary School
0.43 km
Elementary, Secondary
Fraser Academy
0.79 km

Closest Transit

Bus Stop
Westbound W 4th Ave @ Trafalgar St
0.08 km
Skytrain
Skytrain @ Yaletown-Roundhouse Stn
3.20 km

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

2623 W 5th Avenue is serviced by General Gordon Elementary School. The property with listing MLS® R2879931 is located 0.41 km from the school. General Gordon Elementary School has a rating of No Rating.

This home with address 2623 W 5th Avenue, Vancouver, BC is also serviced by Kitsilano Secondary School and located 0.61 km from it. Kitsilano Secondary School has a rating of No Rating.

The closest Elementary independent school to this home for sale located at 2623 W 5th Avenue is Pear Tree Elementary School with School's rating No Rating, located 0.43 km from this home.

The closest to this address 2623 W 5th Avenue Secondary independent school is Fraser Academy with School's rating No Rating, located 0.79 km from this home

The freshest crime data from Statistics Canada are from 2020. There were 52,217 volation disturbances in this neighbourhood. The overall crime rate near the address - 2623 W 5th Avenue, Vancouver, BC is 7,470.82. Rate is the amount of incidents per 100,000 population. Comparing to other Canadian cities it has Average rate in 2020. Year by year change in the total crime rate is -14.94%

Drug crime rate next to the listing MLS® R2879931 is Average comparing to other neighbourhoods. The illegal substances offences rating is 229.49. There were 1,604 illegal substances lawbreaking disturbances in this city in 2020 . Year by year change in the illegal substances offences ranking is 1.58%

Property crimes in the neighbourhood close to real estate listing for sale 2623 W 5th Avenue are Above Average. Property misconduct rating adjacent to MLS® R2879931 is 5,020.27. There were 35,089 in the neighbourhood in 2020. Year by year change in the property misconduct rate is -20.80%

There were 9,168 violent lawbreaking disorders in 2020. 1,311.69 and it is Below Average rate comparing to other BC municipalities. Year by year change in the violent crime rate is 3.53%

The closest Bus station is Westbound W 4th Ave @ Trafalgar St in 0.08 km away from this listing with - MLS® R2879931.

58.7% of people with university certificate/degree live in this neighbourhood adjacent to the 2623 W 5th Avenue which is High in comparison with other BC neighbourhoods. 6.6% of population in this neighbourhood that is near the Listing MLS® R2879931 have no certificate or degree. This number is Low compared to the average in BC.

Median Household Income near this dwelling with the address 2623 W 5th Avenue, Vancouver, BC is $76096 which is Above Average in comparison with the British Columbia average. Median personal income near this dwelling with listing - MLS® R2879931 is $40405 which is Above Average in comparison with the BC average. % of the Households with a mortgage in this census subdivision is 50.6% which is Below Average.

Unemployment rate in the area around Real Estate Listing # R2879931 is 5.6 which is Low in comparison to the other province neighbourhoods.

This real estate is located in 2623 W 5th Avenue Kitsilano where population change between 2011 and 2016 was 6.4%. This is Above Average in comparison to average growth rate of this region.

Population density per square kilometre in this community near the address 2623 W 5th Avenue, Vancouver, BC is 8007.1 which is High people per sq.km.

Average size of families in the area adjacent to home for sale 2623 W 5th Avenue is 2.7. This is Below Average number in comparison to the whole region. Percent of families with children near by the Real Estate Listing - MLS® R2879931 is 49.5% and it is Below Average. % of Married or living common law is around 52.5% and it is Below Average.

Average age of the population close to the 2623 W 5th Avenue is 38.1 . This percentage is Below Average in comparison to other BC cities.

Average value of dwellings in this neighbourhood around 2623 W 5th Avenue, Vancouver, BC is $1426894 and this is High comparing to other areas in British Columbia

Average Owner payments are High in the area adjacent to 2623 W 5th Avenue. $1750 owners spent in average for the dwelling. Tenants are paying $1617 in this district close to MLS® R2879931 and it is High comparing to other cities.

54.7% of Population in this district near the 2623 W 5th Avenue are Renters and it is High comparing to other BC cities and areas.

% of English and French speakers around real estate listing 2623 W 5th Avenue, Vancouver, BC is 17.6%, it is Above Average, % of English speakers only is 81.6% and Below Average. % of French speakers adjacent to 2623 W 5th Avenue only is 0.1% and it is Low. % of Neither English nor French speakers close to home for sale 2623 W 5th Avenue, Vancouver, BC is 0.7% and it is Below Average comparing to other BC cities.

35.2% of all population in the area around this property with the address 2623 W 5th Avenue, Vancouver, BC using Public Transport which is High, 40.9% of using population are using Cars around MLS® R2879931, which is Low. 12.3% of people using Bicycles around the 2623 W 5th Avenue and it is High. 9.7% of population are walking which is Above Average

Local Info

Calculate your monthly mortgage payments

/month
Principal & Interest
Property Taxes $202
Maintenance fee 0
All figures are informational estimates by Estateblock.com; actual mortgage payments and insurance rates vary by many factors.

Cash Flow Analysis

/month
Mortgage Payment $3201
Monthly Payment $3802
Break Even Down Payment 0%
All figures are informational estimates by Estateblock.com; actual mortgage payments and insurance rates vary by many factors.

Price Evaluation Chart

Filter
Beds Home Types Square Feet Lot Size Year Built
This Home $2,888,000
Vancouver $2,398,666
Kitsilano No comparables
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 Price Comparision

This house $1,400,000
Surrey

No comparables

Fleetwood Tynehead $1,399,000 -6.38%
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
Dan Marusin
Dan Marusin
Renanza Realty
778-918-5990
Award-Winning REALTOR® with 11+ Years of Experience Serving Greater Vancouver

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