1861 Island Ave, Vancouver, BC, MLS® R2975391

$1,799,000
Est. Mortgage /mo

$1,799,000
$1,850,000
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
5 Beds
3 Baths
2 Stories
lot 6810 sqft
2303 sqft
1969 built
Show more info
Photos
Map
Street view
Schools
Crime
Commute
Shop & Eat

1861 Island Ave, Vancouver, BC | MLS® R2975391 Property Details

Great opportunity to own a well-kept family home on this 40 x 170 = 6,800 sqft North-South oriented lot in Prime "River District". Solid and Spacious Vancouver Special with 5 bedrooms, 3 baths and 3 kitchens. Upstairs: 3 bed 1 bath with kitchen & 200 sf deck; Downstairs: a 1-bedroom suite, also a HUGE studio suite; Shared coin-laundry machines for all units. Big 160 sf storage area under the deck. 450 sf Double SXS garage with 2 open spaces on back lane. Super convenient location with easy access to all amenities. R1-1 zoning RESIDENTIAL INCLUSIVE allows building of 6 dwelling units or 8 rental dwelling units or single detached house with secondary suite and a laneway house. Buyer must verify land use with authorities for full satisfaction. Invest / hold / rebuild. Don't miss it!

General Info

Price $1,750,000
Total Bedrooms 5
Total Bathrooms 3
Half Bathrooms 0
Floor Area Total (sqft) 2303
Lot Size 6810
Lot Size Depth Feet
Lot Size Frontage 40
Basement Finished
Basement Features BasementFeatures

Property Metrics

Year Built 1969
Age Of Building 56
Building Type Single Family Residence
Property Type Residential
Stories 2
Appliances Included Washer/Dryer, Dishwasher, Refrigerator, Stove
Building Features BuildingFeatures
Structures Residential Detached

Additional Details

MLS # R2975391
Area Vancouver East
Neighbourhood South Marine
City Vancouver
Gross Taxes $7,843.76
Ownership Type Freehold NonStrata
Maintenance Fee -
Community Features Shopping Nearby

Heating & Cooling

Fireplace 2
Heating Type Forced Air, 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 Garage Double, Lane Access, Concrete
Total Parking Spaces 4

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Strata Restrictions -
Rental Restrictions -
Zoning R1-1
Rental Suites Unauthorized Suite
Laundry In Unit
# of Kitchens 3
Flooring Wall/Wall/Mixed
Foundation Concrete Perimeter
Locker -
View -
View Description -
Units In Development -
Exterior Features Private Yard
Sewer Public Sewer, Sanitary Sewer, Storm Sewer
Roof Torch-On

Property History

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Status Date Price
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Listed by: RE/MAX City 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
David Thompson Secondary School
1.3 km
No Rating
Elementary
David Oppenheimer Elementary School
0.89 km
No Rating

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

Private Schools

Elementary
Qawsain Knowledge House
1.17 km
No Rating
Secondary
Glen Eden School
3.02 km
No Rating

Closest Transit

Translink
Eastbound SE Marine Dr @ Beatrice St
0.09 km

Welcome to 1861 Island Avenue, a beautiful home in Vancouver, BC, listed at MLS® R2975391. As your trusted realtor, I'd love to take you on a tour of the community and highlight the features that make this neighborhood so special.

Let's start with the schools. David Oppenheimer Elementary School, rated No Rating, is just 0.89 km away from this stunning property. This school is a great option for families, and I can see why - the proximity to public transportation and the vibrant community make it an ideal choice. You'll also find David Thompson Secondary School, rated No Rating, just 1.3 km from this lovely home.

In addition to the public schools, this neighborhood is also home to several independent schools. Qawsain Knowledge House, an elementary school with a No Rating, is just 1.17 km from this property. And for secondary school students, Glen Eden School, also with a No Rating, is just 3.02 km away.

Now, let's talk about the safety of the area. The latest crime data from Statistics Canada (2020) shows that this neighborhood has an overall crime rate of 7,470.82, which is Average compared to other Canadian cities. There were 52,217 disturbances in the area, but the good news is that the crime rate has decreased by 14.94% over the past year.

When it comes to specific types of crime, the rates are as follows: Drug crime is Average, with a rating of 229.49 and 1,604 incidents in 2020. Property crimes are Above Average, with a rating of 5,020.27 and 35,089 incidents in 2020. Violent crime is Below Average, with a rating of 1,311.69 and 9,168 incidents in 2020.

Getting around is easy, with the closest Bus station, Eastbound SE Marine Dr @ Beatrice St, just 0.09 km away from this property with MLS® R2975391.

In terms of demographics, this neighborhood has a unique character. 31% of residents hold a university certificate or degree, which is Above Average compared to other BC neighborhoods. On the other hand, 14.9% of the population has no certificate or degree, which is Below Average compared to the average in BC.

The median household income in this area is $81,701, which is Above Average compared to the British Columbia average. Meanwhile, the median personal income is $32,864, which is Average compared to the BC average. 56.4% of households in this census subdivision have a mortgage, which is Average.

Unemployment rates are low in this area, with a rate of 5.2%, which is Low compared to other province neighborhoods.

This real estate is located in the South Marine area, where population change between 2011 and 2016 was 0.1%, which is Average compared to average growth rate of this region.

Population density per square kilometre is 5,809.8, which is High. The average size of families in the area is 2.9, which is Average compared to the whole region. 65.9% of families have children, which is Above Average, while 54.5% of residents are married or living common law, which is Below Average.

The average age of the population is 45.2, which is Above Average compared to other BC cities.

The average value of dwellings in this neighborhood is $1,136,867, which is High compared to other areas in British Columbia.

In terms of housing costs, owners spend an average of $1,669 per month, while tenants pay $1,173 per month, both of which are Above Average compared to other cities.

35.4% of the population in this area are renters, which is Above Average compared to other BC cities and areas.

Language-wise, 6.7% of the population speaks both English and French, which is Average, while 85.4% speak only English, which is Below Average. 7.9% of the population speaks neither English nor French, which is High compared to other BC cities.

Transportation-wise, 22.5% of the population uses public transport, which is Above Average, while 72.9% use cars, which is Below Average. 1% of people use bicycles, which is Average, and 2.2% walk, which is Below Average.

In summary, 1861 Island Avenue, Vancouver, BC, MLS® R2975391, is a wonderful home in a vibrant neighborhood with a mix of community amenities, education options, and transportation choices. Whether you're a family looking for a safe and convenient place to live or an individual seeking a unique and diverse community, this property is definitely worth considering.

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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 $1,799,000
Vancouver $1,949,000
South Marine 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
Call or Text Now!
Thank you Your message has been sent

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