Property Type: Condo / ApartmentOwnership: Strata

513 5983 GRAY AVENUE

Vancouver, BC V6S0G8

$978,000

3 bed2 bath1 parking987 sqftBuilt 2013
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Amenities

Also listed: Laundry - In Suite

Property Details

Property & Lot

Sub-type
Apartment
Frontage
0 feet

Ownership & Fees

Property type
Condo / Apartment
Ownership
Strata
Strata / maintenance fee
$485/mo
Annual property tax
$1,902.1 (2024)

Interior

Heating
Radiant heat
Fireplace
None

Exterior & Lot

View
View

Parking

Total spaces
1 — uncovered indicated
Features
Underground

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®
R3025603
Listed
July 10, 2025
Time on market
On the market for 417 days
Tax assessment year
2024
Data last synced
August 28, 2026

Listing provided by: RA Realty Alliance Inc. · Data source: CREA DDF.

Description

Located in the heart of Wesbrook Village at UBC, this rarely available 3-bedroom, 2-bathroom corner unit at SAIL by renowned developer Adera offers a perfect blend of luxury, comfort, and convenience. Surrounded by lush green space, fountains, and a tranquil courtyard, the home features a bright and functional layout with 996 SF of living space . Floor-to-ceiling windows and 9ft ceilings,In-floor radiant heating throughout,steps from the UBC campus, University Hill Secondary School, community centre, shops, restaurants, parks, groceries, medical clinics, and transit . Don't miss? open April 11(Sat) 3:45-5pm. (id:63159)

Values & Trends

This listing

$991/sqft

Building average

$1,080/sqft

3 active listing(s)

Vancouver average

$1,094/sqft

2087 active listing(s)

Parking: 1 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

56

6/9 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
University Hill SecondarySecondary392 m
Norma Rose Point Elementary JuniorElementary1.1 km
Eaton Arrowsmith School (Vancouver) Ltd(Independent)Elementary/Middle1.6 km
University Hill ElementaryElementary2.4 km
St. George's School(Independent)K-122.7 km
Queen Mary ElementaryElementary2.8 km
West Point Grey Academy(Independent)K-123.0 km
Our Lady of Perpetual Help(Independent)Elementary3.1 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 Ross Dr @ Birney Ave196 m
Southbound Wesbrook Mall @ Birney Ave198 m
Eastbound Ross Dr @ Birney Ave200 m
Northbound Wesbrook Mall @ Birney Ave244 m
Northbound Wesbrook Mall @ W 16 Ave339 m

Nearby Places

Restaurants (5+)

  • Togo Sushi · 3380 Shrum Lane188 m
  • Nicli Pizzeria + Bar · 3339 Shrum Lane205 m
  • Neptune Chinese Kitchen220 m
  • Sports Illustrated Clubhouse · 3340 Shrum Lane227 m
  • Freshii · 3351 Wesbrook Mall232 m

Cafes (3)

  • Blenz Coffee · 3381 Wesbrook Mall194 m
  • Starbucks291 m
  • Field House Cafe614 m

Grocery (1)

  • Save-On-Foods · 5945 Berton Avenue299 m

Parks (5+)

  • Mundell Park77 m
  • Michael Smith Park253 m
  • Brockhouse Park281 m
  • Nobel Park294 m
  • Khorana Park416 m

Pharmacies (2)

  • Shoppers Drug Mart219 m
  • Save-On-Foods Pharmacy293 m

Banks & ATMs (3)

  • TD · Berton Avenue281 m
  • RBC Royal Bank · 5903 Berton Avenue305 m
  • RBC306 m

Nearby places data: © OpenStreetMap contributors.

School district: Vancouver (SD39)

Mortgage & Ownership Cost Calculator

Minimum required: 7.4% ($72,800) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$782,400.00
Periodic payment — Principal & Interest (monthly)$5,047.78
Additional monthly expenses (strata, tax, utilities, etc.)$692.16
Total monthly cost$5,739.94
Interest paid over 5-yr term$224,238.09
Balance at end of term$703,771.33

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$72,800
Stress test qualifying rate8.09%
Payment you must qualify for$6,960.67

Cash Needed at Closing

Minimum down payment$72,800
Estimated BC PTT$17,560
Legal / closing costs (typical estimate)$1,500
Total cash needed$91,860

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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