Property Type: Detached HouseOwnership: FreeholdRECENTLY LISTED

5009 PAYNE STREET

Vancouver, BC V5R4J5

$1,599,000

4 bed4 bath3 parking1,959 sqftBuilt 2006
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Property Details

Property & Lot

Sub-type
House
Lot size
3,267 square feet
Frontage
33 feet

Ownership & Fees

Property type
Detached House
Ownership
Freehold
Annual property tax
$8,580.91 (2025)

Interior

Heating
Forced air, Natural gas
Fireplace
None
Appliances
All

Exterior & Lot

Lot features
Central location

Building

Parcel ID (PID)
011-800-461

Parking

Total spaces
3 — covered indicated
Features
Garage

Listing Information

MLS®
R3159149
Listed
August 26, 2026
Time on market
On the market for 5 days
Tax assessment year
2025
Data last synced
September 1, 2026

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

Description

INVESTOR ALERT & IDEAL FAMILY HOME! Original owner, this exceptionally well-maintained property was built in 2006. This above ground 3-level home features the bright upper level with 1 bedroom on main and 2 bedrooms on top, 2 full bathrooms, and a functional family-friendly layout. The ground level includes separate 2 sets of 1-bedroom suite, each with a private entrance. Excellent mortgage-helper potential. Walking distance to Joyce skytrain station and Kingsway commercial street. Family oriented home or land assembly opportunity. Also close to schools, parks, shopping, and everyday amenities. Do not miss out this good opportunity. Open House: Aug 30, Sun, 2:30-4:30pm. (id:63159)

Values & Trends

This listing

$816/sqft

Building average

No other active listings in this building

Vancouver average

$1,166/sqft

1216 active listing(s)

Parking: 3 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

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

59

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
Collingwood Neighbourhood SchoolElementary350 m
St Mary's(Independent)Elementary352 m
Graham Bruce Community ElementaryElementary489 m
Sir Wilfred Grenfell CommunityElementary565 m
École Inman ElementaryElementary920 m
Cascade Heights ElementaryElementary978 m
Windermere Community SecondarySecondary1.1 km
Dr H N Maccorkindale ElementaryElementary1.3 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
Southbound Joyce St @ Wellington Ave84 m
Joyce Station @ Bay 7106 m
Westbound Wellington Ave @ Joyce St137 m
Joyce-Collingwood Station @ Platform 1153 m
Joyce Station @ Bay 5157 m

Nearby Places

Restaurants (5+)

  • Khan Sahab Kitchen · 4942 Joyce Street53 m
  • Sushi Taku · 4902 Joyce Street79 m
  • 852 Kitchen · 4963 Joyce Street88 m
  • Milk & Sugar BBQ Bar · 5103 Joyce Street189 m
  • Sunflower Kitchen · 5125 Joyce Street209 m

Cafes (5+)

  • CoCo Fresh Tea & Juice · 5066 Joyce Street98 m
  • Trees Organic Coffee · 5078 Joyce Street116 m
  • Tim Hortons · 5081 Joyce Street132 m
  • CoCo Fresh Tea & Juice · 3275 Kingsway687 m
  • Milk & Sugar Cafe · 3365 Kingsway708 m

Grocery (4)

  • Kay Market · 5169 Joyce Street224 m
  • Consumers Produce · 3388 Kingsway753 m
  • Africana General Market · 3543 Kingsway777 m
  • 88 Supermarket · 3328 Kingsway798 m

Parks (5+)

  • Melbourne Park · 3530 Vanness Avenue309 m
  • Carleton Park · 3450 Price Street319 m
  • Gaston Park · 3470 Crowley Drive346 m
  • Price Park · 3650 Price Street415 m
  • Aberdeen Park · 3525 Foster Avenue525 m

Gyms (4)

  • BUDō - Northwest Jiu-Jitsu Academy Vancouver · 3163 Kingsway735 m
  • Vector Training Centre · 3121 Kingsway762 m
  • Wu-Yi Tae Kwon Do · 3435 Kingsway773 m
  • Odokan Karate · 3465 Kingsway777 m

Pharmacies (3)

  • Wellness Pharmacy214 m
  • Unicare Pharmacy · 3325 Kingsway688 m
  • Supersave Pharmacy · 3443 Kingsway775 m

Banks & ATMs (5+)

  • Community Savings177 m
  • CIBC · 3297 Kingsway684 m
  • Vancity · 3305 Kingsway685 m
  • RBC Royal Bank · 3318 Kingsway722 m
  • Unnamed744 m

Nearby places data: © OpenStreetMap contributors.

School district: Vancouver (SD39)

Mortgage & Ownership Cost Calculator

Minimum required: 20.0% ($319,800) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$1,279,200.00
Periodic payment — Principal & Interest (monthly)$8,252.96
Additional monthly expenses (strata, tax, utilities, etc.)$813.08
Total monthly cost$9,066.04
Interest paid over 5-yr term$366,622.40
Balance at end of term$1,150,644.54

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$319,800
Stress test qualifying rate8.09%
Payment you must qualify for$9,836.60

Cash Needed at Closing

Minimum down payment$319,800
Estimated BC PTT$29,980
Legal / closing costs (typical estimate)$1,500
Total cash needed$351,280

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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