8687 OAK ST, Vancouver BC V6P 4B2, Vancouver, BC

$1,620,000
Est. Mortgage /mo

MLS® R2837004

Closed

$1,635,000
Closed at 04 Apr 2024
Listing price: $1,620,000
Dan Marusin
Dan Marusin
Renanza Realty
778-918-5990
Go See This Home Now
6 Beds
3 Baths
3 Stories
lot 3602 sqft
2352 sqft
1950 built
Show more info
Photos
Map
Street view
Schools
Crime
Commute
Shop & Eat

Property details

Opportunity to acquire a 3600 sqft potential redevelopment site just off 71st Ave in the Marpole area. RM-3A zoned property situated on the westside of Oak Street with lane access. Marpole Community Plan designates property use for a rental apartment building up to 6 storeys at a 2.50 FSR with potential for 9000 sqft. Across the street from Eburn Park, a beautiful green space complete with tennis courts. Convenient access throughout Metro Vancouver via major transportation arteries along Marine Way, Oak Street & Knight Street bridges. Full access to a broad selection of local shopping, dining, & other services, just minutes away. Existing building has 3 separate rental units that are 2 bdrm, 1 bathroom approximately 785 sqft each. Individual hydro meters & shared coin operated laundry.

General Info

Price $1,620,000
Total Bedrooms 6
Total Bathrooms 3
Half Bathrooms 0
Floor Area Total (sqft) 2352
Lot Size 3602.2
Lot Size Depth Feet
Lot Size Frontage 31
Basement Finished, Exterior Entry
Basement Features BasementFeatures

Property Metrics

Year Built 1950
Age Of Building 74
Building Type Single Family Residence
Property Type Residential
Stories 3
Appliances Included Refrigerator, Stove
Building Features BuildingFeatures
Structures Residential Detached

Additional Details

MLS # R2837004
Area Vancouver West
Neighbourhood Marpole
City Vancouver
Gross Taxes $5,860.78
Ownership Type Freehold NonStrata
Maintenance Fee -
Community Features Shopping Nearby

Heating & Cooling

Fireplace 0
Heating Type Hot Water, Natural Gas

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, Guest, Lane Access, Gravel
Total Parking Spaces 6

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Strata Restrictions -
Rental Restrictions -
Zoning RM-3A
Rental Suites Unauthorized Suite
Laundry Common Area
# of Kitchens 2
Flooring Laminate, Mixed, Carpet
Foundation Concrete Perimeter
Locker -
View -
View Description -
Units In Development -
Exterior Features Balcony
Sewer Public Sewer, Sanitary Sewer, Storm Sewer
Roof Torch-On

Property History

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Status Date Price
Sold 04-04-2024 $1,620,000
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Listed by: Royal LePage Sussex

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
Sir Winston Churchill Secondary School
1.51 km
No Rating
Elementary
David Lloyd George Elementary School
Average
0.55 km
Rating 6.2/10
Elementary
David Lloyd George Elementary School
0.55 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. Anthony of Padua
0.56 km
Rating 8.7/10
Secondary
Royal Canadian College
0.84 km
No Rating

Closest Transit

Translink
Southbound Oak St @ W 70 Ave
0.17 km

8687 OAK STREET, Vancouver BC V6P 4B2 is serviced by David Lloyd George Elementary School. The property with listing MLS® R2837004 is located 0.55 km from the school. David Lloyd George Elementary School has a rating of Rating 6.2/10.

This home with address 8687 OAK STREET, Vancouver BC V6P 4B2, Vancouver, BC is also serviced by Sir Winston Churchill Secondary School and located 1.51 km from it. Sir Winston Churchill Secondary School has a rating of No Rating.

The closest Elementary independent school to this home for sale located at 8687 OAK STREET, Vancouver BC V6P 4B2 is St. Anthony of Padua with School's rating Rating 8.7/10, located 0.56 km from this home.

The closest to this address 8687 OAK STREET, Vancouver BC V6P 4B2 Secondary independent school is Royal Canadian College with School's rating No Rating, located 0.84 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 - 8687 OAK STREET, Vancouver BC V6P 4B2, 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® R2837004 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 8687 OAK STREET, Vancouver BC V6P 4B2 are Above Average. Property misconduct rating adjacent to MLS® R2837004 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 Southbound Oak St @ W 70 Ave in 0.17 km away from this listing with - MLS® R2837004.

32.2% of people with university certificate/degree live in this neighbourhood adjacent to the 8687 OAK STREET, Vancouver BC V6P 4B2 which is Above Average in comparison with other BC neighbourhoods. 8.3% of population in this neighbourhood that is near the Listing MLS® R2837004 have no certificate or degree. This number is Low compared to the average in BC.

Median Household Income near this dwelling with the address 8687 OAK STREET, Vancouver BC V6P 4B2, Vancouver, BC is $44160 which is Low in comparison with the British Columbia average. Median personal income near this dwelling with listing - MLS® R2837004 is $29376 which is Below Average in comparison with the BC average. % of the Households with a mortgage in this census subdivision is 60.2% which is Average.

Unemployment rate in the area around Real Estate Listing # R2837004 is 6.5 which is Below Average in comparison to the other province neighbourhoods.

This real estate is located in 8687 OAK STREET, Vancouver BC V6P 4B2 Marpole where population change between 2011 and 2016 was 1.3%. This is Average in comparison to average growth rate of this region.

Population density per square kilometre in this community near the address 8687 OAK STREET, Vancouver BC V6P 4B2, Vancouver, BC is 5300.1 which is High people per sq.km.

Average size of families in the area adjacent to home for sale 8687 OAK STREET, Vancouver BC V6P 4B2 is 2.6. This is Low number in comparison to the whole region. Percent of families with children near by the Real Estate Listing - MLS® R2837004 is 53.2% and it is Below Average. % of Married or living common law is around 40.5% and it is Low.

Average age of the population close to the 8687 OAK STREET, Vancouver BC V6P 4B2 is 41 . This percentage is Average in comparison to other BC cities.

Average value of dwellings in this neighbourhood around 8687 OAK STREET, Vancouver BC V6P 4B2, Vancouver, BC is $467625 and this is Above Average comparing to other areas in British Columbia

Average Owner payments are Below Average in the area adjacent to 8687 OAK STREET, Vancouver BC V6P 4B2. $1110 owners spent in average for the dwelling. Tenants are paying $994 in this district close to MLS® R2837004 and it is Average comparing to other cities.

88.6% of Population in this district near the 8687 OAK STREET, Vancouver BC V6P 4B2 are Renters and it is High comparing to other BC cities and areas.

% of English and French speakers around real estate listing 8687 OAK STREET, Vancouver BC V6P 4B2, Vancouver, BC is 8.6%, it is Average, % of English speakers only is 88.3% and Below Average. % of French speakers adjacent to 8687 OAK STREET, Vancouver BC V6P 4B2 only is 0.1% and it is Below Average. % of Neither English nor French speakers close to home for sale 8687 OAK STREET, Vancouver BC V6P 4B2, Vancouver, BC is 3.2% and it is Above Average comparing to other BC cities.

44.8% of all population in the area around this property with the address 8687 OAK STREET, Vancouver BC V6P 4B2, Vancouver, BC using Public Transport which is High, 45.8% of using population are using Cars around MLS® R2837004, which is Low. 3% of people using Bicycles around the 8687 OAK STREET, Vancouver BC V6P 4B2 and it is Above Average. 5.5% 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 $1,620,000
Vancouver $1,909,571
Marpole $2,370,000
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
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