Property Type: Condo / ApartmentOwnership: Strata

560 8575 RIVERGRASS DRIVE

Vancouver, BC V5S0J7

$888,000

2 bed2 bath1 parking985 sqftBuilt 2022
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Amenities

Gym

Also listed: Recreation Centre, Laundry - In Suite

Property Details

Property & Lot

Sub-type
Apartment

Ownership & Fees

Property type
Condo / Apartment
Ownership
Strata
Strata / maintenance fee
$619/mo
Annual property tax
$2,806.45 (2025)

Interior

Heating
Heat Pump, Forced air
Cooling / A/C
Air Conditioned
Fireplace
None

Exterior & Lot

View
View
Waterfront
Waterfront
Pool
Outdoor pool

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®
R3152997
Listed
August 5, 2026
Time on market
On the market for 26 days
Tax assessment year
2025
Data last synced
August 28, 2026

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

Description

Welcome to Avalon 3 by Wesgroup in Vancouver's vibrant River District, a premier waterfront community along the Fraser River. This bright, south-facing corner home offers 2 bedrooms + flex, 2 bathrooms, and 985 sq. ft. of open-concept living. The chef-inspired kitchen features premium integrated appliances, quartz countertops, and an oversized island. Enjoy year-round comfort with A/C and abundant natural light. Resort-style amenities include an outdoor pool, hot tub, fitness centre, social lounge, and concierge. Steps to shops, dining, parks, riverfront trails, transit, and the Town Centre. Includes 1 parking stall and 1 storage locker. A must-see opportunity in one of Vancouver's most desirable communities! (id:63159)

Values & Trends

This listing

$902/sqft

Building average

$872/sqft

1 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

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

SchoolTypeDistance
Champlain Heights AnnexElementary988 m
Suncrest ElementaryElementary1.4 km
Captain James Cook ElementaryElementary1.7 km
Champlain Heights Community ElementaryElementary1.7 km
Anne-HebertElementary2.0 km
South Slope ElementaryElementary2.2 km
David Oppenheimer ElementaryElementary2.3 km
Dr H N Maccorkindale ElementaryElementary2.5 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

StopTypeDistance
Eastbound Sawmill Cres @ River District Crossing153 m
Westbound Sawmill Cres @ River District Crossing237 m
Westbound SE Marine Dr @ City Edge Place323 m
Eastbound SE Marine Dr @ Matheson Cres327 m
Eastbound SE Marine Dr @ City Edge Place347 m

Nearby Places

Restaurants (5+)

  • Sushi Mura · 3545 Sawmill Crescent119 m
  • Local Public Eatery · 8558 River District Crossing165 m
  • Kokoro Tokyo Mazesoba · 8591 River District Crossing208 m
  • Lucky Taco224 m
  • Bufala · 3489 Sawmill Crescent227 m

Cafes (3)

  • Angus T Bakery & Cafe · 8590 River District Crossing173 m
  • Starbucks · 8540 River District Crossing192 m
  • Boketto Dessert Cafe · 3471 Sawmill Crescent237 m

Grocery (1)

  • Save-On-Foods · 8550 River District Crossing169 m

Parks (5+)

  • Promontory Park · 3601 Marine Way201 m
  • Kinross Ravine Park611 m
  • Kinross Middle Park626 m
  • Kinross North Park · Kinross Street632 m
  • Kinross South Park640 m

Gyms (2)

  • Orangetheory Fitness · 3479 Sawmill Crescent246 m
  • Rhythm Club · 3268 Marine Way683 m

Pharmacies (1)

  • Shoppers Drug Mart · 8525 River District Crossing230 m

Banks & ATMs (4)

  • Prospera Credit Union · 8586 River District Crossing166 m
  • TD Canada Trust · 8502 River District Crossing209 m
  • Scotiabank · 3498 Sawmill Crescent212 m
  • Unnamed · 8655 Boundary Road308 m

Nearby places data: © OpenStreetMap contributors.

School district: Vancouver (SD39)

Other Listings in This Building

Other units currently listed in the same building. 560 8575 RIVERGRASS DRIVE

View building profile →
Built 2022

Mortgage & Ownership Cost Calculator

Minimum required: 7.2% ($63,800) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$710,400.00
Periodic payment — Principal & Interest (monthly)$4,583.26
Additional monthly expenses (strata, tax, utilities, etc.)$902.16
Total monthly cost$5,485.42
Interest paid over 5-yr term$203,602.68
Balance at end of term$639,007.10

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$63,800
Stress test qualifying rate8.09%
Payment you must qualify for$6,337.81

Cash Needed at Closing

Minimum down payment$63,800
Estimated BC PTT$15,760
Legal / closing costs (typical estimate)$1,500
Total cash needed$81,060

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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