Property Type: Detached HouseOwnership: Freehold

1268 W 40TH AVENUE

Vancouver, BC V6M1V4

$6,288,000

5 bed7 bath3 parking5,734 sqftBuilt 2011
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Property Details

Property & Lot

Sub-type
House
Lot size
8,160 square feet
Frontage
68 feet

Ownership & Fees

Property type
Detached House
Ownership
Freehold
Annual property tax
$32,588.1 (2025)

Interior

Basement
Finished, Unknown, Unknown
Heating
Radiant heat
Fireplace
Yes (1)

Parking

Total spaces
3 — covered indicated
Features
Garage

Listing Information

MLS®
R3141908
Listed
July 2, 2026
Time on market
On the market for 60 days
Tax assessment year
2025
Data last synced
August 28, 2026

Listing provided by: Sutton Group-West Coast Realty · Data source: CREA DDF.

Description

Custom built one owner mansion in prime Shaughnessy! Over 5700 square ft luxurious and elegant space on a nice flat 68' x 120' = 8160sf lot. Main house features Grand Double height foyer w/crystal chandelier, fml DR & LR, open concept kitchen, wok kitchen, office on the main; 3 spacious bdrms upstairs; wine cellar, gym, spa with sauna and steam room, home theatre and 1 extra bdrm in the bsmt. A double garage and an open parking + one level Studio laneway house in the back. Walk to Vancouver College, Van Dusen Gardens; short drive to York House, St. George's & Crofton. (id:63159)

Values & Trends

This listing

$1,097/sqft

Building average

No other active listings in this building

Vancouver average

$1,165/sqft

1216 active listing(s)

Parking: 3 stall(s) includedStorage locker: Not indicated

Per-stall/locker dollar values aren't itemized in our data source — shown as included/not indicated only, not a fabricated estimate. $/sqft averages are computed live from other active listings, not a third-party model.

Detached (House) Market Stats — Vancouver

Monthly figures from the Fraser Valley Real Estate Board for Vancouver detached (house)listings — not specific to this property.

MLS® HPI Benchmark Price

$2,303,200

Jul 2026

Average Sale Price

$2,623,974

Jul 2026

Monthly Sales

131

Jul 2026

Active Listings

1,316

Jul 2026

Sales-to-Active Ratio

10.0%

Jul 2026

Median Days to Contract

27 days

Jul 2026

MLS® HPI Benchmark Price

$2,657,400
$2,280,700
Aug '21Aug '22Aug '23Aug '24Aug '25Jul '26

Source: Fraser Valley Real Estate Board (FVREB).

Location Insights

Weather

Clear

15°C

Clear

Humidity 100%

Wind NW 5 km/h

Tonight

14°

Tuesday

20°

Tuesday night

15°

Wednesday

19°

Wednesday night

14°

Thursday

17°

Source: Environment and Climate Change Canada.

Population

662,248

(2021 Census)

+4.9% since 2016

Density: 5,749.7/km²

Dwellings: 328,347

Median household income: $82,000

After-tax: $72,000

Immigrant population: 42.2%

Top countries of origin (% of total population)

  • China9.6% · 63,270
  • Philippines4.5% · 29,925
  • Hong Kong3.8% · 25,485
  • India2.2% · 14,640
  • United Kingdom1.9% · 12,895
  • Viet Nam1.8% · 12,115
  • Taiwan1.5% · 9,865
  • United States of America1.5% · 9,790

Source: Statistics Canada, 2021 Census of Population.

Location Accessibility

Our own metric — not an official Walk Score®.

Amenities

30

4/9 categories nearby

Transit

33

5 stop(s) within 800m

How this is calculated

Amenities: points awarded per category (restaurants, cafes, grocery, parks, shopping, gyms, pharmacies, banks/ATMs, healthcare) based on distance to the nearest one — 3 points under 200m, 2 points under 500m, 1 point under 800m — summed across all 9 categories and scaled to 0–100.

Transit: based on the number of transit stops within 800m and their mode (SkyTrain weighted highest, then streetcar/ferry, then bus). This reflects stop type and count only — our data doesn't include how often a route actually runs, so frequency is never factored in.

Both scores depend on how much of the surrounding area has been synced from OpenStreetMap and TransLink's GTFS feed. A lower score can mean fewer amenities nearby, or simply that this area hasn't been fully synced yet — not a confident measurement of the location itself.

Nearby Schools

SchoolTypeDistance
Vancouver College(Independent)K-12237 m
Sir William Osler ElementaryElementary408 m
Johnathan Academy(Independent)Secondary492 m
Secondaire Jules-VerneK-12824 m
Rose-des-ventsElementary824 m
King David High School(Independent)Secondary834 m
Eric Hamber SecondarySecondary847 m
Dr Annie B Jamieson ElementaryElementary1.3 km

Schools shown by distance from this property. This does not indicate school catchment or enrollment eligibility — contact the school district to confirm catchment boundaries.

Nearby Transit

StopTypeDistance
Westbound W 41 Ave @ Selkirk St106 m
Eastbound W 41 Ave @ Selkirk St122 m
Westbound W 41 Ave @ Cartier St226 m
Eastbound W 41 Ave @ Granville St334 m
Westbound W 41 Ave @ Oak St373 m

Nearby Places

Restaurants (4)

  • Grand Honour · 5701 Granville Street440 m
  • Tao's Kitchen · 5701 Granville Street443 m
  • Kyuzo Japanese Restaurant · 5701 Granville Street448 m
  • Shaughnessy Restaurant · 5251 Oak Street524 m

Cafes (3)

  • Yee Cafe · 5701 Granville Street453 m
  • Cafe FortyOne · 5750 Oak Street467 m
  • The Garden Café at VanDusen649 m

Parks (2)

  • Montgomery Park475 m
  • Oak Meadows Park717 m

Banks & ATMs (2)

  • RBC Royal Bank · 5688 Granville Street388 m
  • Scotiabank · 1576 West 41st Avenue515 m

Nearby places data: © OpenStreetMap contributors.

School district: Vancouver (SD39)

Mortgage & Ownership Cost Calculator

Minimum required: 20.0% ($1,257,600) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$5,030,400.00
Periodic payment — Principal & Interest (monthly)$32,454.43
Additional monthly expenses (strata, tax, utilities, etc.)$3,002.67
Total monthly cost$35,457.11
Interest paid over 5-yr term$1,441,727.10
Balance at end of term$4,524,861.07

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$1,257,600
Stress test qualifying rate8.09%
Payment you must qualify for$38,682.02

Cash Needed at Closing

Minimum down payment$1,257,600
Estimated BC PTT$232,400
Legal / closing costs (typical estimate)$1,500
Total cash needed$1,491,500

Minimum down payment: 5% on the first $500,000, 10% on the portion up to $1.5M, 20% at/above $1.5M. Stress test: OSFI's minimum qualifying rate, the greater of contract rate + 2% or 5.25% — this is what lenders require you to qualify at, not what you'll actually pay. Closing costs are a typical-range estimate, not a quote — actual legal fees vary. Verify all figures with a mortgage broker and lawyer before relying on them.

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