Property Type: Detached HouseOwnership: Freehold

5454 MELBOURNE STREET

Vancouver, BC V5R4L7

$1,475,000

3 bed1 bath4 parking1,657 sqftBuilt 1949
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Amenities

Also listed: Laundry - In Suite

Property Details

Property & Lot

Sub-type
House
Lot size
5,525 square feet
Frontage
50 feet

Ownership & Fees

Property type
Detached House
Ownership
Freehold
Annual property tax
$7,744.42 (2024)

Interior

Basement
Full, Unknown, Unknown
Heating
Forced air
Fireplace
Yes (1)

Parking

Total spaces
4 — covered indicated
Features
Garage

Listing Information

MLS®
R3124925
Listed
May 19, 2026
Time on market
On the market for 104 days
Tax assessment year
2024
Data last synced
August 28, 2026

Listing provided by: Stilhavn Real Estate Services · Data source: CREA DDF.

Description

Attention builders! Prime 50X110.5 - 5,525sqft R1-1 zoned lot overlooking Foster Park close to Joyce Collingwood Station. A great location on a quiet street close to lots of amenities and transit. A great opportunity to develop or hold. Located in a transit-oriented areas - Density (FAR): Up to 3.0 / Allowable Height (Storeys): Up to 8 (id:63159)

Values & Trends

This listing

$890/sqft

Building average

No other active listings in this building

Vancouver average

$1,165/sqft

1216 active listing(s)

Parking: 4 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

56

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 SchoolElementary328 m
St Mary's(Independent)Elementary473 m
Dr H N Maccorkindale ElementaryElementary718 m
Graham Bruce Community ElementaryElementary927 m
École Inman ElementaryElementary1.0 km
Sir Wilfred Grenfell CommunityElementary1.1 km
Dr George M Weir ElementaryElementary1.2 km
Cascade Heights ElementaryElementary1.4 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
Eastbound Vanness Ave @ Melbourne St238 m
Westbound Kingsway @ Aberdeen St241 m
Westbound Vanness Ave @ Melbourne St270 m
Eastbound Kingsway @ Aberdeen St279 m
Eastbound Kingsway @ Tyne St323 m

Nearby Places

Restaurants (5+)

  • Polarstar Snacks · 3499 Kingsway238 m
  • Canffle · 3581 Kingsway270 m
  • Happy Tree House BBQ · 3502 Kingsway272 m
  • Todak Todak Restaurant · 3510 Kingsway285 m
  • Kas Tasty Kitchen · 3490 Kingsway285 m

Cafes (5+)

  • Tim Hortons · 3451 Kingsway284 m
  • Happy Lemon · 3520 Kingsway290 m
  • Chun Fun How · 3490 Kingsway297 m
  • Snackshot · 3595 Kingsway302 m
  • Jack's Spot · 3615 Kingsway331 m

Grocery (5+)

  • Africana General Market · 3543 Kingsway245 m
  • Desi Bazaar · 5757 Battison Street344 m
  • Consumers Produce · 3388 Kingsway376 m
  • Safeway · 3410 Kingsway385 m
  • Kay Market · 5169 Joyce Street469 m

Parks (5+)

  • Foster Park · 5501 Aberdeen Street39 m
  • Aberdeen Park · 3525 Foster Avenue137 m
  • Melbourne Park · 3530 Vanness Avenue232 m
  • Gaston Park · 3470 Crowley Drive249 m
  • Collingwood Park · 5275 McKinnon Street646 m

Gyms (5+)

  • Odokan Karate · 3465 Kingsway265 m
  • Wu-Yi Tae Kwon Do · 3435 Kingsway294 m
  • Orijin Yoga · 3665 Kingsway374 m
  • BUDō - Northwest Jiu-Jitsu Academy Vancouver · 3163 Kingsway681 m
  • Vector Training Centre · 3121 Kingsway739 m

Pharmacies (3)

  • Supersave Pharmacy · 3443 Kingsway289 m
  • Unicare Pharmacy · 3325 Kingsway436 m
  • Wellness Pharmacy441 m

Banks & ATMs (5+)

  • Bitcoin ATM Localcoin · 3527 Kingsway235 m
  • Bitcoin ATM Coinsite · 3497 Kingsway240 m
  • TD · 3399 Kingsway315 m
  • Unnamed322 m
  • Unnamed385 m

Nearby places data: © OpenStreetMap contributors.

School district: Vancouver (SD39)

Mortgage & Ownership Cost Calculator

Minimum required: 8.3% ($122,500) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$1,180,000.00
Periodic payment — Principal & Interest (monthly)$7,612.96
Additional monthly expenses (strata, tax, utilities, etc.)$728.37
Total monthly cost$8,341.33
Interest paid over 5-yr term$338,191.39
Balance at end of term$1,061,413.82

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$122,500
Stress test qualifying rate8.09%
Payment you must qualify for$10,400.25

Cash Needed at Closing

Minimum down payment$122,500
Estimated BC PTT$27,500
Legal / closing costs (typical estimate)$1,500
Total cash needed$151,500

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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