Property Type: Condo / ApartmentOwnership: Strata

3 2255 W 40TH AVENUE

Vancouver, BC V6M1W7

$388,000

1 bed1 bath0 parking749 sqftBuilt 1951
Get Directions

Amenities

Also listed: Shared Laundry

Property Details

Property & Lot

Sub-type
Apartment

Ownership & Fees

Property type
Condo / Apartment
Ownership
Strata
Strata / maintenance fee
$382/mo
Annual property tax
$0 (2026)

Interior

Heating
Hot Water
Fireplace
None

Parking

Total spaces
0

Restrictions & Policies

Age / occupancy
Adult-oriented (no young children)

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

Listing Information

MLS®
R3139564
Listed
June 24, 2026
Time on market
On the market for 68 days
Tax assessment year
2026
Data last synced
August 28, 2026

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

Description

Excellent value in a prime Kerrisdale location! This spacious 748 sq. ft. north-facing one-bedroom home is situated in "The Darrell," a well-maintained 8-unit co-op within a charming 1955 character three-level walk-up. The suite has been substantially updated with new carpeting in the living and dining rooms, fresh paint throughout, new kitchen flooring and appliances, and an updated bathroom. The functional layout offers generous room sizes and a comfortable living space. Centrally located yet exceptionally quiet, this home is just one short block from Kerrisdale's popular shopping district, with restaurants, parks & transportation. A rare opportunity to own an affordable West Side home in one of Vancouver's most desirable neighbourhoods. (id:63159)

Values & Trends

This listing

$518/sqft

Building average

$575/sqft

1 active listing(s)

Vancouver average

$1,095/sqft

2087 active listing(s)

Parking: Not indicatedStorage 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

70

7/9 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
St Regis Secondary School(Independent)Elementary231 m
Point Grey SecondarySecondary447 m
Quilchena ElementaryElementary549 m
Maple Grove ElementaryElementary935 m
Magee SecondarySecondary1.0 km
Prince Of Wales SecondaryElementary1.1 km
Kerrisdale ElementaryElementary1.1 km
Crofton House(Independent)K-121.2 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
Westbound W 41 Ave @ Vine St155 m
Eastbound W 41 Ave @ Yew St165 m
Eastbound W 41 Ave @ Balsam St193 m
Westbound W 41 Ave @ West Blvd256 m
Southbound West Blvd @ W 39 Ave260 m

Nearby Places

Restaurants (5+)

  • Ramen Danbo · 2277 West 41st Avenue120 m
  • Kokoro Tokyo Mazesoba · 2285 West 41st Avenue122 m
  • Orange Corner · 2257 West 41st Avenue126 m
  • Mr. Shi Noodle House · 2255 West 41st Avenue127 m
  • Shota Sushi & Grill · 5688 Yew Street151 m

Cafes (5+)

  • Penny Penny Coffee · 2279 West 41st Avenue121 m
  • Tim Hortons141 m
  • Legato Cafe · 2248 West 41st Avenue156 m
  • Starbucks171 m
  • Faubourg · 2184 West 41st Avenue171 m

Grocery (4)

  • Asakusa127 m
  • Konbiniya Japan Centre · 2307 West 41st Avenue128 m
  • Kin's Farm Market · 2215 West 41st Avenue144 m
  • Sandy Farm Market · 6007 West Boulevard520 m

Parks (4)

  • Kerrisdale Centennial Park335 m
  • Elm Park394 m
  • Kerrisdale Park416 m
  • Ravine Park578 m

Gyms (3)

  • Axe Capoeira Kerrisdale · 5851 West Boulevard340 m
  • Unnamed396 m
  • Oora Pilates · 6045 West Boulevard554 m

Pharmacies (5+)

  • Shoppers Drug Mart131 m
  • Kerrisdale Pharmacy · 5591 West Boulevard247 m
  • Kripps Health Care Rx · 5413 West Boulevard281 m
  • London Drugs · 2091 West 42nd Avenue424 m
  • Pharmasave · 2048 West 41st Avenue443 m

Banks & ATMs (5+)

  • Scotiabank148 m
  • RBC · 2208 West 41st Avenue171 m
  • BlueShore Financial · 2326 West 41st Avenue173 m
  • CIBC · 2288 West 41st Avenue174 m
  • TD · 2198 West 41st Avenue179 m

Nearby places data: © OpenStreetMap contributors.

School district: Vancouver (SD39)

Other Listings in This Building

Other units currently listed in the same building. 3 2255 W 40TH AVENUE

View building profile →
Built 1951

Mortgage & Ownership Cost Calculator

Minimum required: 5.0% ($19,400) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$310,400.00
Periodic payment — Principal & Interest (monthly)$2,002.60
Additional monthly expenses (strata, tax, utilities, etc.)$419.35
Total monthly cost$2,421.95
Interest paid over 5-yr term$88,961.53
Balance at end of term$279,205.80

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$19,400
Stress test qualifying rate8.09%
Payment you must qualify for$2,834.40

Cash Needed at Closing

Minimum down payment$19,400
Estimated BC PTT$5,760
Legal / closing costs (typical estimate)$1,500
Total cash needed$26,660

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.

Request more information