553 8575 RIVERGRASS DRIVE
Vancouver, BC V5S0J7
$725,000
Amenities
Also listed: Recreation Centre, Guest Suite, Laundry - In Suite
Property Details
Property & Lot
- Sub-type
- Apartment
Ownership & Fees
- Property type
- Condo / Apartment
- Ownership
- Strata
- Strata / maintenance fee
- $474/mo
- Annual property tax
- $2,485.27 (2025)
Interior
- Heating
- Heat Pump, Forced air
- Cooling / A/C
- Air Conditioned
- Fireplace
- None
Parking
- Total spaces
- 1 — uncovered indicated
- Features
- Underground, Visitor Parking
Restrictions & Policies
- Pets
- Allowed
As reported by the listing board — always confirm current bylaws with the strata or landlord before relying on this.
Listing Information
- MLS®
- R3152458
- Listed
- August 4, 2026
- Time on market
- On the market for 27 days
- Tax assessment year
- 2025
- Data last synced
- August 28, 2026
Listing provided by: RE/MAX Crest Realty · Data source: CREA DDF.
Description
Experience elevated living at Avalon 3 by Wesgroup, located in the heart of Vancouver´s vibrant River District. This bright & airy 2-bedroom, 2-bath residence boasts an open-concept layout with soaring ceilings & contemporary wide-plank flooring throughout. The chef-inspired kitchen showcases premium JennAir appliances, sleek quartz countertops, & an oversized island perfect for casual dining or entertaining. Designed for year-round comfort, the home features efficient heating & cooling with integrated air conditioning. Includes one parking stall. Residents enjoy exclusive access to resort-style amenities including a stunning outdoor pool, hot tub, fully equipped gym, & social lounge. Just steps from trendy eateries, everyday essentials, & picturesque riverside trails! (id:63159)
Values & Trends
This listing
$872/sqft
Building average
$902/sqft
1 active listing(s)
Vancouver average
$1,094/sqft
2087 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.
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
Source: Fraser Valley Real Estate Board (FVREB).
Location Insights
Weather
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
67
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
| School | Type | Distance |
|---|---|---|
| Champlain Heights Annex | Elementary | 984 m |
| Suncrest Elementary | Elementary | 1.4 km |
| Captain James Cook Elementary | Elementary | 1.7 km |
| Champlain Heights Community Elementary | Elementary | 1.7 km |
| Anne-Hebert | Elementary | 2.0 km |
| South Slope Elementary | Elementary | 2.2 km |
| David Oppenheimer Elementary | Elementary | 2.3 km |
| Dr H N Maccorkindale Elementary | Elementary | 2.5 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 |
|---|---|---|
| Eastbound Sawmill Cres @ River District Crossing | — | 147 m |
| Westbound Sawmill Cres @ River District Crossing | — | 232 m |
| Eastbound SE Marine Dr @ Matheson Cres | — | 322 m |
| Westbound SE Marine Dr @ City Edge Place | — | 323 m |
| Eastbound SE Marine Dr @ City Edge Place | — | 348 m |
Nearby Places
Restaurants (5+)
- Sushi Mura · 3545 Sawmill Crescent113 m
- Local Public Eatery · 8558 River District Crossing159 m
- Kokoro Tokyo Mazesoba · 8591 River District Crossing203 m
- Lucky Taco218 m
- Bufala · 3489 Sawmill Crescent222 m
Cafes (3)
- Angus T Bakery & Cafe · 8590 River District Crossing168 m
- Starbucks · 8540 River District Crossing187 m
- Boketto Dessert Cafe · 3471 Sawmill Crescent232 m
Grocery (1)
- Save-On-Foods · 8550 River District Crossing163 m
Parks (5+)
- Promontory Park · 3601 Marine Way203 m
- Kinross Ravine Park605 m
- Kinross Middle Park622 m
- Kinross North Park · Kinross Street627 m
- Kinross South Park636 m
Gyms (2)
- Orangetheory Fitness · 3479 Sawmill Crescent241 m
- Rhythm Club · 3268 Marine Way678 m
Pharmacies (1)
- Shoppers Drug Mart · 8525 River District Crossing225 m
Banks & ATMs (4)
- Prospera Credit Union · 8586 River District Crossing161 m
- TD Canada Trust · 8502 River District Crossing203 m
- Scotiabank · 3498 Sawmill Crescent207 m
- Unnamed · 8655 Boundary Road313 m
Nearby places data: © OpenStreetMap contributors.
School district: Vancouver (SD39)
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Mortgage & Ownership Cost Calculator
Minimum required: 6.6% ($47,500) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.
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.