1616 E 22ND AVE, Vancouver BC V5N 2P4, Vancouver, BC

$1,980,000
Est. Mortgage /mo

MLS® R2852299

Closed

$1,775,000
Closed at 28 Mar 2024
Listing price: $1,980,000
Dan Marusin
Dan Marusin
Renanza Realty
778-918-5990
Go See This Home Now
5 Beds
5 Baths
3 Stories
lot 5375 sqft
3002 sqft
1905 built
Show more info
Photos
Map
Street view
Schools
Crime
Commute
Shop & Eat

Property details

Investment opportunity - young Millennials would love to live in East Vancouver's popular Cedar Cottage neighbourhood. Builders, jump at this rare opportunity to pursue this corner lot property with exceptional potential. Zoned RT-10, potential to build your dream home with additional income suites, City of Vancouver is looking for higher density products due to the shortage of homes. This would also make for a great holding property with strong rental revenue potential, ask for details. This corridor is becoming the new hub of Vancouver as we prepare for the next generation of livability.

General Info

Price $1,980,000
Total Bedrooms 5
Total Bathrooms 4
Half Bathrooms 1
Floor Area Total (sqft) 3002
Lot Size 5375.15
Lot Size Depth Feet
Lot Size Frontage 32.64
Basement Full, Partially Finished
Basement Features BasementFeatures

Property Metrics

Year Built 1905
Age Of Building 119
Building Type Single Family Residence
Property Type Residential
Stories 3
Appliances Included Washer/Dryer, Dishwasher, Refrigerator, Cooktop
Building Features BuildingFeatures
Structures Residential Detached

Additional Details

MLS # R2852299
Area Vancouver East
Neighbourhood Victoria VE
City Vancouver
Gross Taxes $6,256.44
Ownership Type Freehold NonStrata
Maintenance Fee -
Community Features Shopping Nearby
Fixtures Included 1

Heating & Cooling

Fireplace 3
Heating Type Natural Gas, Radiant

Utilities

Utility Type Electricity Connected, Natural Gas Connected, Water Connected
Utility Sewer Public Sewer, Sanitary Sewer, Storm Sewer
Water (WaterSource) Public

Parking

Parking Type Open, Side Access
Total Parking Spaces 2

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Strata Restrictions -
Rental Restrictions -
Zoning RT-10
Rental Suites Unauthorized Suite
# of Kitchens 2
Flooring Laminate, Tile, Wall/Wall/Mixed
Foundation Concrete Perimeter
Locker -
View -
View Description -
Units In Development -
Exterior Features No Outdoor Area
Sewer Public Sewer, Sanitary Sewer, Storm Sewer
Roof Other

Property History

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Status Date Price
Sold 03-28-2024 $1,980,000
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Listed by: Macdonald Realty

NOTE: This representation is based in whole or in part on data generated by the Chilliwack & District Real Estate Board, Fraser Valley Real Estate Board or Greater Vancouver REALTORS® which assumes no responsibility for its accuracy.

Neighborhood Info

Public Schools

Secondary
Gladstone Secondary School
0.7 km
No Rating
Elementary
Lord Selkirk Elementary School
0.16 km
No Rating
Elementary
Lord Selkirk Annex
0.56 km
No Rating

Part of this information is provided by the Province of British Columbia under the Open Government License for Government of BC Information v.BC1.0. School boundaries and other statistics changes frequently and is for general informational purposes only. You should not use such information in determining the legal eligibility to attend any particular school.

Private Schools

Elementary
St.Joseph's School
0.65 km
Rating 8/10
Elementary, Secondary
Stratford Hall School
0.82 km
Rating 8.7/10

Closest Transit

Translink
Eastbound Kingsway @ Dumfries St
0.22 km

1616 E 22ND AVENUE, Vancouver BC V5N 2P4 is serviced by Lord Selkirk Elementary School. The property with listing MLS® R2852299 is located 0.16 km from the school. Lord Selkirk Elementary School has a rating of No Rating.

This home with address 1616 E 22ND AVENUE, Vancouver BC V5N 2P4, Vancouver, BC is also serviced by Gladstone Secondary School and located 0.7 km from it. Gladstone Secondary School has a rating of No Rating.

The closest Elementary independent school to this home for sale located at 1616 E 22ND AVENUE, Vancouver BC V5N 2P4 is St.Joseph's School with School's rating Rating 8/10, located 0.65 km from this home.

The closest to this address 1616 E 22ND AVENUE, Vancouver BC V5N 2P4 Secondary independent school is Stratford Hall School with School's rating Rating 8.7/10, located 0.82 km from this home

The freshest crime data from Statistics Canada are from 2020. There were 52,217 volation disturbances in this neighbourhood. The overall crime rate near the address - 1616 E 22ND AVENUE, Vancouver BC V5N 2P4, Vancouver, BC is 7,470.82. Rate is the amount of incidents per 100,000 population. Comparing to other Canadian cities it has Average rate in 2020. Year by year change in the total crime rate is -14.94%

Drug crime rate next to the listing MLS® R2852299 is Average comparing to other neighbourhoods. The illegal substances offences rating is 229.49. There were 1,604 illegal substances lawbreaking disturbances in this city in 2020 . Year by year change in the illegal substances offences ranking is 1.58%

Property crimes in the neighbourhood close to real estate listing for sale 1616 E 22ND AVENUE, Vancouver BC V5N 2P4 are Above Average. Property misconduct rating adjacent to MLS® R2852299 is 5,020.27. There were 35,089 in the neighbourhood in 2020. Year by year change in the property misconduct rate is -20.80%

There were 9,168 violent lawbreaking disorders in 2020. 1,311.69 and it is Below Average rate comparing to other BC municipalities. Year by year change in the violent crime rate is 3.53%

The closest Bus station is Eastbound Kingsway @ Dumfries St in 0.22 km away from this listing with - MLS® R2852299.

29.7% of people with university certificate/degree live in this neighbourhood adjacent to the 1616 E 22ND AVENUE, Vancouver BC V5N 2P4 which is Above Average in comparison with other BC neighbourhoods. 21.8% of population in this neighbourhood that is near the Listing MLS® R2852299 have no certificate or degree. This number is Above Average compared to the average in BC.

Median Household Income near this dwelling with the address 1616 E 22ND AVENUE, Vancouver BC V5N 2P4, Vancouver, BC is $72290 which is Average in comparison with the British Columbia average. Median personal income near this dwelling with listing - MLS® R2852299 is $27365 which is Below Average in comparison with the BC average. % of the Households with a mortgage in this census subdivision is 56.2% which is Average.

Unemployment rate in the area around Real Estate Listing # R2852299 is 4.9 which is Low in comparison to the other province neighbourhoods.

This real estate is located in 1616 E 22ND AVENUE, Vancouver BC V5N 2P4 Victoria VE where population change between 2011 and 2016 was 0%. This is Average in comparison to average growth rate of this region.

Population density per square kilometre in this community near the address 1616 E 22ND AVENUE, Vancouver BC V5N 2P4, Vancouver, BC is 5452.2 which is High people per sq.km.

Average size of families in the area adjacent to home for sale 1616 E 22ND AVENUE, Vancouver BC V5N 2P4 is 2.9. This is Average number in comparison to the whole region. Percent of families with children near by the Real Estate Listing - MLS® R2852299 is 68.8% and it is Above Average. % of Married or living common law is around 51.5% and it is Below Average.

Average age of the population close to the 1616 E 22ND AVENUE, Vancouver BC V5N 2P4 is 41.1 . This percentage is Average in comparison to other BC cities.

Average value of dwellings in this neighbourhood around 1616 E 22ND AVENUE, Vancouver BC V5N 2P4, Vancouver, BC is $1263529 and this is High comparing to other areas in British Columbia

Average Owner payments are High in the area adjacent to 1616 E 22ND AVENUE, Vancouver BC V5N 2P4. $1625 owners spent in average for the dwelling. Tenants are paying $1059 in this district close to MLS® R2852299 and it is Average comparing to other cities.

43.1% of Population in this district near the 1616 E 22ND AVENUE, Vancouver BC V5N 2P4 are Renters and it is Above Average comparing to other BC cities and areas.

% of English and French speakers around real estate listing 1616 E 22ND AVENUE, Vancouver BC V5N 2P4, Vancouver, BC is 7.8%, it is Average, % of English speakers only is 79.3% and Below Average. % of French speakers adjacent to 1616 E 22ND AVENUE, Vancouver BC V5N 2P4 only is 0.1% and it is Below Average. % of Neither English nor French speakers close to home for sale 1616 E 22ND AVENUE, Vancouver BC V5N 2P4, Vancouver, BC is 12.8% and it is High comparing to other BC cities.

33.9% of all population in the area around this property with the address 1616 E 22ND AVENUE, Vancouver BC V5N 2P4, Vancouver, BC using Public Transport which is High, 53.3% of using population are using Cars around MLS® R2852299, which is Low. 7.8% of people using Bicycles around the 1616 E 22ND AVENUE, Vancouver BC V5N 2P4 and it is High. 4% of population are walking which is Average

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Local Info

Calculate your monthly mortgage payments

/month
Principal & Interest
Property Taxes $202
Maintenance fee 0
All calculations are estimates and provided by Estateblock.com for informational purposes only. Actual amounts may vary.

Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Estateblock.com from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates. Insurance rates are very approximate and for informational purposes only.

Cash Flow Analysis

/month
Mortgage Payment $3201
Monthly Payment $3802
Break Even Down Payment 0%
All calculations are estimates and provided by Estateblock.com for informational purposes only. Actual amounts may vary.

Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Estateblock.com from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates. Insurance rates are very approximate and for informational purposes only.

Price Evaluation Chart

Filter
Beds Home Types Square Feet Lot Size Year Built
This Home $1,980,000
Vancouver $4,167,911
Victoria VE No comparables
Data is based on list prices of similar active listings. This representation is based in whole or in part on data generated by the Chilliwack & District Real Estate Board, Fraser Valley Real Estate Board or Real Estate Board of Greater Vancouver which assumes no responsibility for its accuracy

Listing Price Comparision

This house $1,400,000
Surrey

No comparables

Fleetwood Tynehead $1,399,000 -6.38%
Data is based on list prices of similar active listings. This representation is based in whole or in part on data generated by the Chilliwack & District Real Estate Board, Fraser Valley Real Estate Board or Real Estate Board of Greater Vancouver which assumes no responsibility for its accuracy
Dan Marusin
Dan Marusin
Renanza Realty
778-918-5990
Call or Text Now!
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