Property Type: Detached HouseOwnership: Freehold

1603 W 49TH AVENUE

Vancouver, BC V6M2R8

$3,888,000

8 bed5 bath2 parking4,477 sqftBuilt 1929
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Property Details

Property & Lot

Sub-type
House
Style
2 Level
Lot size
13,367.06 square feet
Frontage
91.9 feet

Ownership & Fees

Property type
Detached House
Ownership
Freehold
Annual property tax
$16,830 (2025)

Interior

Basement
Full, Unknown, Unknown
Heating
Hot Water
Fireplace
Yes (3)

Exterior & Lot

Lot features
Central location

Building

Parcel ID (PID)
011-139-005

Parking

Total spaces
2 — covered indicated
Features
Garage

Listing Information

MLS®
R3110892
Listed
April 14, 2026
Time on market
On the market for 140 days
Tax assessment year
2025
Data last synced
August 30, 2026

Listing provided by: Royal Pacific Realty Corp. · Data source: CREA DDF.

Description

Prime opportunity on a 13,367 square ft south-facing corner lot-perfect for a custom dream home or long-term investment. The wide frontage and corner positioning offer excellent design flexibility and strong future value. The existing home is spacious and livable, featuring multiple bedrooms and solid rental potential. Ideally located in sought-after South Granville, within the Maple Grove Elementary and Magee Secondary catchment, close to shopping and transit. Build, invest, or hold in one of Vancouver's best areas. OPEN HOUSE SAT AUG 29, 2-4PM. (id:63159)

Values & Trends

This listing

$868/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

11

3/9 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
Maple Grove ElementaryElementary657 m
Magee SecondarySecondary697 m
Sir William Osler ElementaryElementary816 m
Vancouver College(Independent)K-121.2 km
Johnathan Academy(Independent)Secondary1.3 km
Oakridge Montessori Children's Learning(Independent)Elementary1.3 km
Quilchena ElementaryElementary1.3 km
Tamim Academy of Vancouver(Independent)Elementary/Middle1.3 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
Northbound Granville St @ W 49 Ave171 m
Southbound Granville St @ W 49 Ave181 m
Eastbound W 49 Ave @ Granville St204 m
Eastbound W 49th Ave @ Wiltshire St272 m
Westbound W 49 Ave @ Cartier St277 m

Nearby Places

Restaurants (3)

  • Kyuzo Japanese Restaurant · 5701 Granville Street740 m
  • Tao's Kitchen · 5701 Granville Street750 m
  • Grand Honour · 5701 Granville Street773 m

Cafes (1)

  • Yee Cafe · 5701 Granville Street773 m

Banks & ATMs (1)

  • Scotiabank · 1576 West 41st Avenue759 m

Nearby places data: © OpenStreetMap contributors.

School district: Vancouver (SD39)

Mortgage & Ownership Cost Calculator

Minimum required: 20.0% ($777,600) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$3,110,400.00
Periodic payment — Principal & Interest (monthly)$20,067.25
Additional monthly expenses (strata, tax, utilities, etc.)$1,626.50
Total monthly cost$21,693.75
Interest paid over 5-yr term$891,449.58
Balance at end of term$2,797,814.86

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$777,600
Stress test qualifying rate8.09%
Payment you must qualify for$23,917.89

Cash Needed at Closing

Minimum down payment$777,600
Estimated BC PTT$112,400
Legal / closing costs (typical estimate)$1,500
Total cash needed$891,500

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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