Property Type: Detached HouseOwnership: Freehold

1516 BALFOUR AVENUE

Vancouver, BC V6J2T9

$3,680,000

5 bed4 bath2 parking4,088 sqftBuilt 1921
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Property Details

Property & Lot

Sub-type
House
Lot size
12,432 square feet
Frontage
103.7 feet

Ownership & Fees

Property type
Detached House
Ownership
Freehold
Annual property tax
$16,417 (2025)

Interior

Basement
Full, Unknown, Unknown
Heating
Radiant heat, Hot Water
Fireplace
Yes (1)

Parking

Total spaces
2 — covered indicated
Features
Garage

Listing Information

MLS®
R3152322
Listed
August 4, 2026
Time on market
On the market for 27 days
Tax assessment year
2025
Data last synced
August 28, 2026

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

Description

First Shaughnessy Hidden Gem. An elegant 4088 sf RENOVATED English Tudor on a massive 103.6x120=12432sf level property. This resident was totally renovated in 2015 with mechanicals, new kitchen, baths, draintiles, garage and a finished basement. Large principle rooms on the main, 4 bdrms and 2 baths upstairs and one more bedroom and a rec room in the basement. Central First Shaughnessy location, close to top schools: York House, LFA, Shaughnessy Elem. Short drive to St. George's, Crofton & UBC, DT & YVR. Oil tank was removed in 2015. Lovingly cared for and meticulously maintained, this family home is move-in ready. Showings by appointment only. (id:63159)

Values & Trends

This listing

$900/sqft

Building average

No other active listings in this building

Vancouver average

$1,165/sqft

1216 active listing(s)

Parking: 2 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

19

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
York House School(Independent)K-12348 m
Little Flower Academy(Independent)Elementary410 m
Shaughnessy ElementaryElementary467 m
Westside Montessori School(Independent)Elementary903 m
L'Ecole Bilingue ElementaryElementary997 m
Emily Carr ElementaryElementary998 m
Vancouver Talmud Torah Elementary(Independent)Elementary1.0 km
Vancouver Alternate SchoolSecondary1.3 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
Southbound Granville St @ Balfour Ave26 m
Northbound Granville St @ Balfour Ave85 m
Northbound Granville St @ W King Edward Ave173 m
Northbound Granville St @ Matthews Ave210 m
Westbound W King Edward Ave @ Granville St231 m

Nearby Places

Restaurants (3)

  • Sushi Umi · 3121 Granville Street678 m
  • Breakfast Table · 3014 Granville Street772 m
  • PokéAye · 3010 Granville Street781 m

Grocery (1)

  • Meinhardt · 3002 Granville Street798 m

Parks (2)

  • Angus Park370 m
  • Shaughnessy Park549 m

Banks & ATMs (1)

  • Prospera Credit Union · 3088 Granville Street727 m

Nearby places data: © OpenStreetMap contributors.

School district: Vancouver (SD39)

Mortgage & Ownership Cost Calculator

Minimum required: 20.0% ($736,000) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$2,944,000.00
Periodic payment — Principal & Interest (monthly)$18,993.69
Additional monthly expenses (strata, tax, utilities, etc.)$1,572.08
Total monthly cost$20,565.77
Interest paid over 5-yr term$843,758.86
Balance at end of term$2,648,137.52

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$736,000
Stress test qualifying rate8.09%
Payment you must qualify for$22,638.33

Cash Needed at Closing

Minimum down payment$736,000
Estimated BC PTT$102,000
Legal / closing costs (typical estimate)$1,500
Total cash needed$839,500

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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