2623 W 5TH AVE, Vancouver BC V6K 1T2, Vancouver, BC

$2,888,000
Est. Mortgage /mo

MLS® R2879931

Closed

$2,787,500
Closed at 20 Jun 2024
Listing price: $2,888,000
Dan Marusin
Dan Marusin
Renanza Realty
778-918-5990
Go See This Home Now
6 Beds
4 Baths
3 Stories
lot 3012 sqft
2631 sqft
1912 built
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Property details

Attention home seekers and investors, do I have a property for you! Presenting 2623 W 5th Avenue, located in the heart of Kitsilano. This over 2600 sq-ft character home features three suites with three separate addresses, totaling 6 bedrooms and 4 bathrooms, spread across 4 floors. The largest suite occupies the top 2 floors with 3+ bedrooms and 2 bathrooms. All units have separate laundry. As an investor, it offers an impressive revenue stream from all 3 suites. For those looking for a place to call home, you have the potential of 2 mortgage helpers to assist you, making this a unique and desirable property. Walking distance to excellent public and private schools, and conveniently close to beaches with easy access to UBC. Don't miss out on this impressive revenue stream opportunity!

General Info

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Property History

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Status Date Price
Sold 06-20-2024 $2,888,000

Listed by:

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
Kitsilano Secondary School
0.61 km
No Rating
Elementary
General Gordon Elementary School
0.41 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
Pear Tree Elementary School
0.43 km
No Rating
Elementary, Secondary
Fraser Academy
0.79 km
No Rating

Closest Transit

Translink
Westbound W 4th Ave @ Trafalgar St
0.08 km

2623 W 5TH AVENUE, Vancouver BC V6K 1T2 is serviced by General Gordon Elementary School. The property with listing MLS® R2879931 is located 0.41 km from the school. General Gordon Elementary School has a rating of No Rating.

This home with address 2623 W 5TH AVENUE, Vancouver BC V6K 1T2, Vancouver, BC is also serviced by Kitsilano Secondary School and located 0.61 km from it. Kitsilano Secondary School has a rating of No Rating.

The closest Elementary independent school to this home for sale located at 2623 W 5TH AVENUE, Vancouver BC V6K 1T2 is Pear Tree Elementary School with School's rating No Rating, located 0.43 km from this home.

The closest to this address 2623 W 5TH AVENUE, Vancouver BC V6K 1T2 Secondary independent school is Fraser Academy with School's rating No Rating, located 0.79 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 - 2623 W 5TH AVENUE, Vancouver BC V6K 1T2, 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® R2879931 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 2623 W 5TH AVENUE, Vancouver BC V6K 1T2 are Above Average. Property misconduct rating adjacent to MLS® R2879931 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 Westbound W 4th Ave @ Trafalgar St in 0.08 km away from this listing with - MLS® R2879931.

58.7% of people with university certificate/degree live in this neighbourhood adjacent to the 2623 W 5TH AVENUE, Vancouver BC V6K 1T2 which is High in comparison with other BC neighbourhoods. 6.6% of population in this neighbourhood that is near the Listing MLS® R2879931 have no certificate or degree. This number is Low compared to the average in BC.

Median Household Income near this dwelling with the address 2623 W 5TH AVENUE, Vancouver BC V6K 1T2, Vancouver, BC is $76096 which is Above Average in comparison with the British Columbia average. Median personal income near this dwelling with listing - MLS® R2879931 is $40405 which is Above Average in comparison with the BC average. % of the Households with a mortgage in this census subdivision is 50.6% which is Below Average.

Unemployment rate in the area around Real Estate Listing # R2879931 is 5.6 which is Low in comparison to the other province neighbourhoods.

This real estate is located in 2623 W 5TH AVENUE, Vancouver BC V6K 1T2 Kitsilano where population change between 2011 and 2016 was 6.4%. This is Above Average in comparison to average growth rate of this region.

Population density per square kilometre in this community near the address 2623 W 5TH AVENUE, Vancouver BC V6K 1T2, Vancouver, BC is 8007.1 which is High people per sq.km.

Average size of families in the area adjacent to home for sale 2623 W 5TH AVENUE, Vancouver BC V6K 1T2 is 2.7. This is Below Average number in comparison to the whole region. Percent of families with children near by the Real Estate Listing - MLS® R2879931 is 49.5% and it is Below Average. % of Married or living common law is around 52.5% and it is Below Average.

Average age of the population close to the 2623 W 5TH AVENUE, Vancouver BC V6K 1T2 is 38.1 . This percentage is Below Average in comparison to other BC cities.

Average value of dwellings in this neighbourhood around 2623 W 5TH AVENUE, Vancouver BC V6K 1T2, Vancouver, BC is $1426894 and this is High comparing to other areas in British Columbia

Average Owner payments are High in the area adjacent to 2623 W 5TH AVENUE, Vancouver BC V6K 1T2. $1750 owners spent in average for the dwelling. Tenants are paying $1617 in this district close to MLS® R2879931 and it is High comparing to other cities.

54.7% of Population in this district near the 2623 W 5TH AVENUE, Vancouver BC V6K 1T2 are Renters and it is High comparing to other BC cities and areas.

% of English and French speakers around real estate listing 2623 W 5TH AVENUE, Vancouver BC V6K 1T2, Vancouver, BC is 17.6%, it is Above Average, % of English speakers only is 81.6% and Below Average. % of French speakers adjacent to 2623 W 5TH AVENUE, Vancouver BC V6K 1T2 only is 0.1% and it is Low. % of Neither English nor French speakers close to home for sale 2623 W 5TH AVENUE, Vancouver BC V6K 1T2, Vancouver, BC is 0.7% and it is Below Average comparing to other BC cities.

35.2% of all population in the area around this property with the address 2623 W 5TH AVENUE, Vancouver BC V6K 1T2, Vancouver, BC using Public Transport which is High, 40.9% of using population are using Cars around MLS® R2879931, which is Low. 12.3% of people using Bicycles around the 2623 W 5TH AVENUE, Vancouver BC V6K 1T2 and it is High. 9.7% of population are walking which is Above 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 $2,888,000
Vancouver $1,964,055
Kitsilano $2,530,000
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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