2561 MCGILL STREET
Vancouver, BC V5K1G9
$1,500,000
Property Details
Property & Lot
- Sub-type
- House
- Lot size
- 4,092 square feet
- Frontage
- 33 feet
Ownership & Fees
- Property type
- Detached House
- Ownership
- Freehold
- Annual property tax
- $7,133.76 (2025)
Interior
- Basement
- Finished, Full, Separate entrance
- Heating
- Natural gas
- Fireplace
- None
Exterior & Lot
- View
- View
Parking
- Total spaces
- 2 — covered indicated
- Features
- Carport
Listing Information
- MLS®
- R3146568
- Listed
- July 15, 2026
- Time on market
- On the market for 47 days
- Tax assessment year
- 2025
- Data last synced
- August 28, 2026
Listing provided by: Multiple Realty Ltd. · Data source: CREA DDF.
Description
Attention builders, investors and dream home buyers! Exceptional opportunity on a level 4,092 sq. ft. lot with beautiful North Shore mountain views. This 2-level home has lot of updates including new furnace, hot water tank, roof., floors, paint and appliances. Generating over $4K per month in rental income. It offers excellent holding potential while you plan your future. Whether you're looking for a starter home, investment property or future custom build, this property provides outstanding flexibility. Located in a desirable family-friendly neighbourhood, enjoy nearby waterfront walking trails, parks, schools, easy access to Hwy 1 and downtown Vancouver, plus the convenience of being next to the PNE. A rare opportunity with strong income potential and future possibilities. (id:63159)
Values & Trends
This listing
$976/sqft
Building average
—
No other active listings in this building
Vancouver average
$1,165/sqft
1216 active listing(s)
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
Source: Fraser Valley Real Estate Board (FVREB).
Location Insights
Weather
17°C
Clear
Humidity 100%
Wind WNW 13 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
15
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
| School | Type | Distance |
|---|---|---|
| Tillicum Community Annex | Elementary | 337 m |
| Hastings Community Elementary | Elementary | 740 m |
| Our Lady Of Sorrows(Independent) | Elementary | 1.1 km |
| χpey̓ Elementary | Elementary | 1.2 km |
| Templeton Secondary | Secondary | 1.3 km |
| Dr A R Lord Elementary | Elementary | 1.5 km |
| Notre Dame Regional Secondary(Independent) | Secondary | 1.5 km |
| St Francis of Assisi(Independent) | Elementary | 1.6 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
| Stop | Type | Distance |
|---|---|---|
| Westbound McGill St @ N Penticton St | — | 60 m |
| Eastbound McGill St @ N Penticton St | — | 135 m |
| Northbound N Nanaimo St @ Eton St | — | 254 m |
| Southbound N Nanaimo St @ McGill St | — | 273 m |
| Eastbound McGill St @ N Slocan St | — | 321 m |
Nearby Places
Restaurants (1)
- Pho Dundas · 2077 Dundas Street786 m
Cafes (1)
- Far Out Coffee Post668 m
Parks (5+)
- Unnamed290 m
- McGill Park · 2305 McGill Street293 m
- Burrard View Park · 650 North Penticton Street309 m
- Unnamed327 m
- Unnamed344 m
Nearby places data: © OpenStreetMap contributors.
School district: Vancouver (SD39)
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Mortgage & Ownership Cost Calculator
Minimum required: 20.0% ($300,000) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.
Financial Ledger
Rates based on Bank of Canada benchmark data.
Financial Summary
Cash Needed at Closing
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.