481 W 40TH AVENUE
Vancouver, BC V5Y2R5
$8,300,000
Amenities
Also listed: Laundry - In Suite
Property Details
Property & Lot
- Sub-type
- House
- Lot size
- 6,539.12 square feet
- Frontage
- 52.9 feet
Ownership & Fees
- Property type
- Detached House
- Ownership
- Freehold
- Annual property tax
- $14,455.3 (2025)
Interior
- Basement
- Finished, Unknown, Unknown
- Heating
- Forced air, Natural gas
- Fireplace
- Yes (1)
Parking
- Total spaces
- 1 — covered indicated
- Features
- Garage
Listing Information
- MLS®
- R3141624
- Listed
- July 1, 2026
- Time on market
- On the market for 62 days
- Tax assessment year
- 2025
- Data last synced
- August 28, 2026
Listing provided by: RE/MAX Crest Realty · Data source: CREA DDF.
Description
Prime land value opportunity in the highly sought-after Oakridge neighbourhood. This property offers a livable and tenanted home with approx 2,082 sqft of living space, including a basement with 4 bedrooms and 2 bathrooms. Sold "As Is, Where Is," this is an exceptional holding, investment, or future redevelopment opportunity. Conveniently located at Cambie Corridor and minutes from Oakridge Park, Queen Elizabeth Park, Langara Golf Course, and VanDusen Botanical Garden, with shopping, restaurants, and daily amenities nearby. Easy access to the Canada Line at Oakridge-41st Ave Station and major bus routes. School catchment: Sir William Van Horne Elementary, Eric Hamber Secondary, and Langara College, all within 5-min drive. (id:63159)
Values & Trends
This listing
$4,000/sqft
Building average
—
No other active listings in this building
Vancouver average
$1,163/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
15°C
Mainly Clear
Humidity 100%
Wind ESE 13 km/h
Today
20°
Tonight
15°
Wednesday
17°
Wednesday night
14°
Thursday
18°
Thursday night
13°
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
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
| School | Type | Distance |
|---|---|---|
| King David High School(Independent) | Secondary | 570 m |
| Rose-des-vents | Elementary | 610 m |
| Secondaire Jules-Verne | K-12 | 610 m |
| Sir Wm Van Horne Elementary | Elementary | 676 m |
| Dr Annie B Jamieson Elementary | Elementary | 913 m |
| Johnathan Academy(Independent) | Secondary | 919 m |
| Eric Hamber Secondary | Secondary | 990 m |
| General Brock Elementary | Elementary | 1.3 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
| Stop | Type | Distance |
|---|---|---|
| Northbound Cambie St @ W 40 Ave | — | 60 m |
| Southbound Cambie St @ W 41 Ave | — | 92 m |
| Oakridge-41st Avenue Station @ Platform 1 | — | 128 m |
| Oakridge-41st Avenue Station @ Platform 2 | — | 138 m |
| Oakridge-41st Ave Station @ Bay 3 | — | 150 m |
Nearby Places
Restaurants (5+)
- Bonjour Banh Mi · 5556 Cambie Street50 m
- Hello Nori · 650 West 41st Avenue254 m
- Ash Street Bistro280 m
- Kamura Sushi · 5888 Cambie Street303 m
- España321 m
Cafes (5+)
- Starbucks · 5504 Cambie Street81 m
- Feast & Fallow · 305 West 41st Avenue235 m
- Mello Donuts352 m
- Boba Run358 m
- Beaucoup Bakery Cafe363 m
Grocery (1)
- Safeway439 m
Parks (2)
- Columbia Park416 m
- Queen Elizabeth Park755 m
Shopping (1)
- Oakridge Park · 650 West 41st Avenue416 m
Gyms (1)
- Oakridge Physiotherapy Centre · 6317 Cambie Street784 m
Pharmacies (1)
- yYoung Pharmacy · 5570 Cambie Street46 m
Banks & ATMs (5+)
- BMO41 m
- CIBC87 m
- TD · 511 West 41st Avenue144 m
- RBC · 583 West 41st Avenue187 m
- Scotiabank · 650 West 41st Avenue237 m
Nearby places data: © OpenStreetMap contributors.
School district: Vancouver (SD39)
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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.