1512 Western Cres, Vancouver, BC, MLS® R3037462

$10,880,000
Est. Mortgage /mo

$10,880,000
Est. Mortgage /mo
Dan Marusin
Dan Marusin
Renanza Realty
778-918-5990
Award-Winning REALTOR® with 11+ Years of Experience Serving Greater Vancouver
Go See This Home Now
4 Beds
4 Baths
1 Stories
lot 23658 sqft
3970 sqft
1948 built
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Photos
Map
Street view
Schools
Crime
Commute
Shop & Eat

1512 Western Cres, Vancouver, BC | MLS® R3037462 Property Details

An extraordinary .54 acre ocean view building site located in Vancouver’s most exclusive University Endowment Lands just a short walk to Spanish Banks and Locarno Beach. Architect Nick Milkovich together with award winning landscape architect Paul Sangha and Mitchell Friedland Design have envisioned a one of a kind Modern Masterpiece providing approximately 11,000 sf of living space with an indoor pool. Architectural plans and renderings are available for private viewing by appointment. Property is being sold in As-Is Where-Is condition. Value in land only. Do not walk on property without appointment as current home in tenanted.

General Info

Price $10,880,000
Total Bedrooms 4
Total Bathrooms 3
Half Bathrooms 1
Floor Area Total (sqft) 3970
Lot Size 23658
Lot Size Depth Feet
Lot Size Frontage 91.6
Basement None
Basement Features BasementFeatures

Property Metrics

Year Built 1948
Age Of Building 77
Building Type Single Family Residence
Property Type Residential
Architecture Style Rancher/Bungalow
Stories 1
Building Features BuildingFeatures
Structures Residential Detached

Additional Details

MLS # R3037462
Area Vancouver West
Neighbourhood University VW
City Vancouver
Gross Taxes $55,343.83
Ownership Type Freehold NonStrata
Maintenance Fee -
Community Features Shopping Nearby
Fixtures Included -

Heating & Cooling

Fireplace -
Heating Type Natural Gas

Utilities

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

Parking

Parking Type Garage Double
Total Parking Spaces 2

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Strata Restrictions -
Rental Restrictions -
Zoning SF
Rental Suites -
# of Kitchens 1
Foundation Concrete Perimeter
Locker -
View 1
View Description ocean
Units In Development -
Sewer Sanitary Sewer, Storm Sewer
Roof Other

Property History

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Status Date Price
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Listed by: Angell, Hasman & Associates (Malcolm Hasman) Realty Ltd.

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
University Hill Secondary School
2.37 km
No Rating
Elementary
University Hill Elementary School
Average
0.71 km
Rating 6.4/10

Information includes BC Government Open License data; school details change often and are offered solely as general guidance.

Private Schools

Elementary, Secondary
Eaton Arrowsmith School
1.53 km
No Rating
Elementary, Secondary
Eaton Arrowsmith School
1.53 km
No Rating

Closest Transit

Translink
Westbound Chancellor Blvd @ Allison Rd
0.14 km
Welcome to 1512 Western Crescent, a stunning property in the heart of Vancouver, BC!

As we step into this beautiful home with MLS® R3037462, let's start with the schools that serve this lovely neighborhood. University Hill Elementary School is just a short 0.71 km away, with a rating of 6.4/10. Families love this area because of its excellent educational institutions, and University Hill Elementary is no exception. Just down the road, you'll find University Hill Secondary School, which is 2.37 km from this property and has a rating of No Rating.

But that's not all - for families seeking independent schooling options, the closest elementary school is Eaton Arrowsmith School, located 1.53 km from this home with a rating of No Rating. And for secondary independent schooling, Eaton Arrowsmith School is once again the closest option, with the same rating and proximity.

Safety First

Now, let's talk about the safety of the neighborhood. According to the latest crime data from Statistics Canada (2020), this area has an overall crime rate of 7,880.54, which is considered Average compared to other Canadian cities. But what does this mean for you? Essentially, it means that this neighborhood is a safe and reliable place to call home. And with a 20% decrease in crime rates year-over-year, it's clear that this community is working hard to maintain its safety standards.

As for Crime Rates...

Let's break down the numbers:

  • Drug crime rate: Below Average (100.11) with 18 incidents in 2020
  • Property crime rate: Above Average (4,832.88) with 869 incidents in 2020
  • Violent crime rate: Low (1,012.18) with 182 incidents in 2020
Getting Around

Now that we've covered the safety aspect, let's talk about getting around. The closest bus station is Westbound Chancellor Blvd @ Allison Rd, just 0.14 km away from this lovely property with MLS® R3037462. And if you prefer public transportation, you'll be happy to know that 23.9% of the population in this area uses it, which is Above Average.

Community Insights

As we explore this charming neighborhood, let's dive into some community insights:

  • 57.1% of residents in this area have a university certificate or degree, which is High compared to other BC neighborhoods.
  • 5.3% of the population has no certificate or degree, which is Low compared to the average in BC.
  • Median household income is $48,141, which is Low compared to the British Columbia average.
  • Median personal income is $22,217, also Low compared to the BC average.
  • Unemployment rate is 11%, which is Above Average compared to other province neighborhoods.
Demographics

Let's take a closer look at the demographics of this area:

  • Population change between 2011 and 2016 was 5.9%, which is Above Average in this region.
  • Population density per square kilometer is 1,986.7, which is Above Average.
  • Average family size is 2.9, which is Average compared to the whole region.
  • 66.3% of families in this area have children, which is Above Average.
  • Average age of the population is 34.4, which is Low compared to other BC cities.
Real Estate Context

Now that we've covered the community insights, let's talk about the real estate context:

  • Average dwelling value in this neighborhood is $1,434,543, which is High compared to other areas in British Columbia.
  • Average owner payments are High in this area, with owners spending $1,897 on average for their dwellings.
  • Tenants are paying $1,634, which is High compared to other cities.
Language and Transportation

Finally, let's touch on language and transportation:

  • 10.2% of the population in this area speaks both English and French, which is Above Average.
  • 84.6% of residents speak only English, which is Below Average.
  • 5.2% of the population speaks neither English nor French, which is High compared to other BC cities.
  • 23.9% of residents use public transportation, which is Above Average.
  • 35.6% of residents use cars, which is Low.
  • 7.7% of residents use bicycles, which is High.
  • 31.3% of residents walk, which is High.
Welcome Home!

And there you have it - a comprehensive look at the 1512 Western Crescent neighborhood in Vancouver, BC. With its excellent schools, safe community, and convenient transportation options, this property with MLS® R3037462 is the perfect place to call home. Whether

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Local Info

Calculate your monthly mortgage payments

/month
Principal & Interest
Property Taxes $202
Maintenance fee 0
All figures are informational estimates by Estateblock.com; actual mortgage payments and insurance rates vary by many factors.

Cash Flow Analysis

/month
Mortgage Payment $3201
Monthly Payment $3802
Break Even Down Payment 0%
All figures are informational estimates by Estateblock.com; actual mortgage payments and insurance rates vary by many factors.

Price Evaluation Chart

Filter
Beds Home Types Square Feet Lot Size Year Built
This Home $10,880,000
Vancouver $7,800,000
University VW 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
Award-Winning REALTOR® with 11+ Years of Experience Serving Greater Vancouver
778-918-5990
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