Property Type: Condo / ApartmentOwnership: Strata

2505 485 W 42ND AVENUE

Vancouver, BC V5Y0R6

$2,588,000

3 bed2 bath2 parking1,278 sqftBuilt 2026
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Property Details

Property & Lot

Sub-type
Apartment

Ownership & Fees

Property type
Condo / Apartment
Ownership
Strata
Strata / maintenance fee
$758/mo
Annual property tax
$0

Interior

Heating
Heat Pump
Cooling / A/C
Air Conditioned
Fireplace
None

Exterior & Lot

View
View

Parking

Total spaces
2 — uncovered indicated
Features
Underground, Visitor Parking

Restrictions & Policies

Pets
Allowed with restrictions

As reported by the listing board — always confirm current bylaws with the strata or landlord before relying on this.

Listing Information

MLS®
R3120663
Listed
May 7, 2026
Time on market
On the market for 117 days
Data last synced
August 28, 2026

Listing provided by: RE/MAX Westcoast · Data source: CREA DDF.

Description

Brand new home at Claridge House! This bright and modern residence at 2505-485 W 42nd Ave features a functional open layout with floor-to-ceiling windows, with views, air-conditioning, and premium finishes throughout. Ideally located across from Oakridge Park and steps to the Canada Line, offering easy access to Downtown and Richmond. Enjoy top-tier amenities including concierge, fitness centre, and elegant lounges. Close to Queen Elizabeth Park, Langara College, and top schools. A perfect blend of luxury and convenience. (id:63159)

Values & Trends

This listing

$2,025/sqft

Building average

$1,710/sqft

2 active listing(s)

Vancouver average

$1,094/sqft

2087 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.

Apartment Market Stats — Vancouver

Monthly figures from the Fraser Valley Real Estate Board for Vancouver apartmentlistings — not specific to this property.

MLS® HPI Benchmark Price

$729,200

Jul 2026

Average Sale Price

$892,419

Jul 2026

Monthly Sales

342

Jul 2026

Active Listings

2,222

Jul 2026

Sales-to-Active Ratio

15.0%

Jul 2026

Median Days to Contract

25 days

Jul 2026

MLS® HPI Benchmark Price

$820,100
$729,200
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

67

8/9 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
King David High School(Independent)Secondary514 m
Sir Wm Van Horne ElementaryElementary652 m
Rose-des-ventsElementary678 m
Secondaire Jules-VerneK-12678 m
Dr Annie B Jamieson ElementaryElementary703 m
Johnathan Academy(Independent)Secondary865 m
Eric Hamber SecondarySecondary1.1 km
Sir William Osler ElementaryElementary1.2 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
Oakridge-41st Avenue Station @ Platform 1116 m
Oakridge-41st Ave Station @ Bay 3118 m
Oakridge-41st Avenue Station @ Platform 2124 m
Oakridge-41st Ave Station @ Bay 5133 m
Oakridge-41st Ave Station @ Bay 4172 m

Nearby Places

Restaurants (5+)

  • Kamura Sushi · 5888 Cambie Street82 m
  • Feenie's139 m
  • Via Tevere141 m
  • Hello Nori · 650 West 41st Avenue148 m
  • Barnacle by Bar Bravo148 m

Cafes (5+)

  • Mello Donuts173 m
  • Boba Run178 m
  • Beaucoup Bakery Cafe189 m
  • Beaucoup Creamery190 m
  • Feast & Fallow · 305 West 41st Avenue270 m

Grocery (1)

  • Safeway224 m

Parks (2)

  • Columbia Park299 m
  • Tisdall Park640 m

Shopping (1)

  • Oakridge Park · 650 West 41st Avenue238 m

Gyms (1)

  • Oakridge Physiotherapy Centre · 6317 Cambie Street564 m

Pharmacies (1)

  • yYoung Pharmacy · 5570 Cambie Street222 m

Banks & ATMs (5+)

  • Scotiabank · 5812 Cambie Street38 m
  • TD · 511 West 41st Avenue134 m
  • Scotiabank · 650 West 41st Avenue141 m
  • CIBC147 m
  • RBC · 583 West 41st Avenue163 m

Nearby places data: © OpenStreetMap contributors.

School district: Vancouver (SD39)

Mortgage & Ownership Cost Calculator

Minimum required: 20.0% ($517,600) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$2,070,400.00
Periodic payment — Principal & Interest (monthly)$13,357.52
Additional monthly expenses (strata, tax, utilities, etc.)$821.63
Total monthly cost$14,179.15
Interest paid over 5-yr term$593,382.59
Balance at end of term$1,862,331.50

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$517,600
Stress test qualifying rate8.09%
Payment you must qualify for$15,920.65

Cash Needed at Closing

Minimum down payment$517,600
Estimated BC PTT$55,640
Legal / closing costs (typical estimate)$1,500
Total cash needed$574,740

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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