4940 Groat Ave, Richmond, BC, MLS® R2943072

$1,688,000
Est. Mortgage /mo

$1,688,000
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 3902 sqft
2546 sqft
1980 built
Show more info
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Map
Street view
Schools
Crime
Commute
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4940 Groat Ave, Richmond, BC | MLS® R2943072 Property Details

Rare perfect Vancouver Special layout features home in excellent & neighbourly Boyd Park area in West Richmond for your growing family with a Mortgage Helper / In Law 2 bedroom suite. Total 5 bedrooms and 3 bathrooms. Recently updated zoning to RSM/M. Structurally, mechanically sound and well-maintained with upgrades in recent years to furnace, hot water tank, some appliances, perimeter fencing and roof. New updates: exterior repaint, main floor kitchen cabinetry. Good sized backyard perfect for family activities. Good sized patio for family and friends gatherings. Situated close to the Railway Greenway for you and your family's outdoor fun activities like cycling, walks and runs. Walking distance to good schools: Diefenbaker Elementary & Hugh Boyd Secondary.

General Info

Price $1,688,000
Total Bedrooms 5
Total Bathrooms 3
Half Bathrooms 0
Floor Area Total (sqft) 2546
Lot Size 3902
Lot Size Depth Feet
Lot Size Frontage 41
Basement None
Basement Features BasementFeatures

Property Metrics

Year Built 1980
Age Of Building 45
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 # R2943072
Area Richmond
Neighbourhood Boyd Park
City Richmond
Gross Taxes $4,562.26
Ownership Type Freehold NonStrata
Maintenance Fee -
Community Features Shopping Nearby

Heating & Cooling

Fireplace 2
Heating Type Natural Gas

Utilities

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

Parking

Parking Type Garage Single, Front Access, Garage Door Opener
Total Parking Spaces 3

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Strata Restrictions -
Rental Restrictions -
Zoning RSM/M
Rental Suites Unauthorized Suite
# of Kitchens 2
Foundation Concrete Perimeter
Locker -
View -
View Description -
Units In Development -
Exterior Features Balcony, Private Yard
Sewer Public Sewer
Roof Asphalt

Property History

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Status Date Price
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Listed by: Sutton Group Seafair Realty & Sutton Group Seafair 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
Hugh Boyd Secondary School
0.69 km
No Rating
Elementary
John G Diefenbaker Elementary School
Above Average
0.65 km
Rating 7.9/10
Elementary
John G Diefenbaker Elementary School
0.65 km
No Rating

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

Private Schools

Elementary
St.Joseph the Worker School
0.2 km
No Rating
Secondary
City Vancouver Academy
5.62 km
No Rating

Closest Transit

Translink
Northbound Railway Ave @ Williams Rd
0.09 km
Welcome to 4940 Groat Avenue, a desirable neighborhood in Richmond, BC!

As an experienced realtor, I'm excited to share with you the charm and amenities of this vibrant community. Located in a prime area, 4940 Groat Avenue is a fantastic opportunity for you to find your dream home.

Excellent Schools in the Area

One of the top priorities for families is access to quality education. Fortunately, 4940 Groat Avenue is serviced by John G Diefenbaker Elementary School, which boasts a rating of 7.9/10. This school is just a short 0.65 km away from your new home. Additionally, Hugh Boyd Secondary School is nearby, with a rating of No Rating, located 0.69 km from the property. For parents seeking independent school options, St. Joseph the Worker School is just 0.2 km away, with a rating of No Rating. The nearby City Vancouver Academy offers another secondary independent school option, 5.62 km from your new home, with a rating of No Rating.

Safe and Secure Community

According to Statistics Canada's 2020 report, the crime rate near 4940 Groat Avenue, Richmond, BC is 7,826.57, ranking as Average compared to other Canadian cities. While there were 16,909 disturbance incidents in this neighborhood, the overall crime rate is relatively low, providing you with peace of mind. The drug crime rate is High, with 2,081.96 incidents, and a year-by-year change of 19.46%. However, property crimes in the area are Average, with a rating of 3,238.66 and a year-by-year change of -14.19%. Violent crimes are Low, with 1,986 incidents and a year-by-year change of 0.06%.

Convenient Transit Options

Getting around Richmond just got easier! The Northbound Railway Ave @ Williams Rd bus station is a short 0.09 km away from 4940 Groat Avenue, making it an ideal location for commuters.

Demographics and Lifestyle

This neighborhood is home to a diverse population, with 35.8% of residents holding a university certificate or degree, which is High compared to other BC neighborhoods. On the other hand, 8.2% of the population has no certificate or degree, ranking as Low compared to the average in BC.

The median household income near 4940 Groat Avenue, Richmond, BC is $81,152, which is Above Average compared to the British Columbia average. However, the median personal income is $31,159, which is Below Average in comparison. Additionally, 53.1% of households in this census subdivision have a mortgage, ranking as Below Average.

Unemployment Rate and Growth

The unemployment rate in this area is 5.3%, which is Low compared to other province neighborhoods.

Community Amenities

This real estate is located in the desirable Boyd Park neighborhood, where the population change between 2011 and 2016 was -1.4%, ranking as Below Average in comparison to average growth rates in this region.

Population Density and Family Structure

The population density per square kilometer in this community is 3,496.3, which is Above Average. The average size of families in the area is 3, which is Above Average. Additionally, 70.7% of families in this neighborhood have children, ranking as High. The percentage of married or living common-law couples is 62.3%, which is Above Average.

Average Dwellings and Owner Payments

The average value of dwellings in this neighborhood is $1,254,274, which is High compared to other areas in British Columbia. Average owner payments are High, with owners spending $1,679 on their dwellings. Tenants in this area pay $1,391, which is also High.

Renters and Transportation

13.6% of the population in this district are renters, ranking as Below Average compared to other BC cities and areas. The majority of residents use cars (81.8%), while 13.3% use public transport, and 1.8% use bicycles, making this a relatively car-dependent community.

In conclusion, 4940 Groat Avenue, Richmond, BC (MLS® R2943072) offers an excellent combination of quality schools, safe and secure community, convenient transit options, and a diverse population. This property is a fantastic opportunity for you to find your dream home in a vibrant and desirable neighborhood.

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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 $1,688,000
Richmond $1,766,000
Boyd Park $1,863,000
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
Award-Winning REALTOR® with 11+ Years of Experience Serving Greater Vancouver
778-918-5990
Call or Text Now!
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