3561 Inverness St, Vancouver, BC, MLS® R2962780

$2,288,000
Est. Mortgage /mo

$2,288,000
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
2 Baths
2 Stories
lot 1 sqft
1926 sqft
1923 built
Show more info
Photos
Map
Street view
Schools
Crime
Commute
Shop & Eat

3561 Inverness St, Vancouver, BC | MLS® R2962780 Property Details

PRIME EAST VANCOUVER MULTI-FAMILY DEVELOPMENT OPPORTUNITY! A rare offering in a rapidly evolving neighborhood, this 7893 SQFT site strategically located just off Kingsway on Inverness St, well-positioned for potential rezoning, allowing for apartment developments with residential rental tenure at FSRs up to 2.40 (subject to city approval). This is an ideal opportunity for developers looking to invest in a highly sought-after East Vancouver location. Contact us today for more details on this exceptional investment opportunity!

General Info

Price $2,288,000
Total Bedrooms 5
Total Bathrooms 2
Half Bathrooms 0
Floor Area Total (sqft) 1926
Lot Size 1
Lot Size Depth Feet
Lot Size Frontage 1
Basement None
Basement Features BasementFeatures

Property Metrics

Year Built 1923
Age Of Building 102
Building Type Single Family Residence
Property Type Residential
Architecture Style Rancher/Bungalow w/Bsmt.
Stories 2
Building Features BuildingFeatures
Structures Residential Detached

Additional Details

MLS # R2962780
Area Vancouver East
Neighbourhood Knight
City Vancouver
Gross Taxes $5,914.42
Ownership Type Freehold NonStrata
Maintenance Fee -

Heating & Cooling

Fireplace 1
Heating Type Forced Air, Natural Gas

Utilities

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

Parking

Parking Type Garage Single, Lane Access, Side Access
Total Parking Spaces 1

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Strata Restrictions -
Rental Restrictions -
Zoning RS-1S
Rental Suites None
# of Kitchens 2
Foundation Concrete Perimeter
Locker -
View Description -
Units In Development -
Sewer Public Sewer, Sanitary Sewer
Roof Asphalt

Property History

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Status Date Price
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Listed by: RE/MAX City Realty & 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

Elementary
Charles Dickens Annex
0.36 km
No Rating
Elementary
Charles Dickens Elementary School
Average
0.31 km
Rating 5.2/10

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

Private Schools

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

Closest Transit

Translink
Westbound Kingsway @ Inverness St
0.06 km

Welcome to 3561 Inverness Street, a beautiful home for sale in Vancouver, BC (MLS® R2962780). As we walk through this charming community, I'm excited to share with you the many wonderful features that make this neighborhood so special.

First, let's talk about education. Charles Dickens Elementary School, a highly-rated institution with a 5.2/10 rating, is conveniently located just 0.31 km from this property. Families love this area because of its excellent schools, and this one is no exception. Just down the road, you'll also find St. Joseph's School, a highly-rated independent elementary school with an 8/10 rating, and Stratford Hall School, a top-rated secondary independent school with an 8.7/10 rating.

Now, let's discuss safety. According to the latest crime statistics from Statistics Canada (2020), this neighborhood has a relatively low crime rate of 7,470.82 incidents per 100,000 population, which is Average compared to other Canadian cities. While there were 52,217 disturbances in the area, the overall crime rate is stable, with a year-by-year change of -14.94%. This means that residents can feel secure and at peace in this community.

In terms of demographics, this neighborhood is a vibrant and diverse community. According to the 2020 census, 35.5% of residents hold a university certificate or degree, which is High compared to other BC neighborhoods. However, 16.1% of the population has no certificate or degree, which is Below Average compared to the province as a whole. This suggests that there are opportunities for education and growth in this area.

Now, let's talk about transportation. The closest bus station, Westbound Kingsway @ Inverness St, is just 0.06 km away from this property, making it easy to get around the city without a car. In fact, 32.2% of residents use public transport, which is High compared to other areas.

In terms of lifestyle amenities, this neighborhood has a lot to offer. There are plenty of parks, beaches, and trails nearby, making it easy to stay active and enjoy the great outdoors. You'll also find a range of shopping malls, grocery stores, restaurants, and coffee shops within easy reach.

As for the real estate market, the average dwelling value in this area is $1,082,701, which is High compared to other areas in British Columbia. However, the average owner payments are also High, at $1,690 per month. On the other hand, tenants are paying $1,218 per month, which is Above Average compared to other cities.

In terms of household income, the median household income in this area is $72,802, which is Average compared to the British Columbia average. However, the median personal income is $32,998, which is also Average compared to the province as a whole.

As for the community demographics, 44.8% of residents are renters, which is Above Average compared to other BC cities and areas. However, 82.6% of residents speak only English, which is Below Average compared to other areas.

Finally, let's talk about transportation. 52.7% of residents use cars, which is Low compared to other areas. However, 8.8% of residents use bicycles, which is High compared to other areas.

In summary, 3561 Inverness Street is a wonderful home for sale in a vibrant and diverse community. With its excellent schools, low crime rate, and convenient transportation options, this neighborhood is a great place to call home. Whether you're a young family or a professional looking for a place to settle down, this community has a lot to offer.

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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 $2,288,000
Vancouver No comparables
Knight 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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