588 E 55TH AVE, Vancouver BC V5X 1N5, Vancouver, BC

$1,822,000
Est. Mortgage /mo

MLS® R2860946

Closed

$1,807,000
Closed at 22 Jul 2024
Listing price: $1,822,000
Dan Marusin
Dan Marusin
Renanza Realty
778-918-5990
Go See This Home Now
5 Beds
3 Baths
2 Stories
lot 3678 sqft
2351 sqft
1980 built
Show more info
Photos
Map
Street view
Schools
Crime
Commute
Shop & Eat

Property details

Discover an exceptional investment opportunity in the heart of South Vancouver! This well-maintained 5-bedroom, 3-bathroom family home offers incredible potential, located just steps away from Langara College, Sunset Park, and the Community Centre. With new R1-1 zoning, envision your dream home or multiplex on this prime lot. Recent updates including a new furnace, on-demand hot water, renovated ensuite, new roof, and back stairs ensure comfort and convenience. Complete with a double car garage, this property is a developer's dream. Don't wait— schedule your private viewing today and seize this opportunity!

General Info

Price $1,822,000
Total Bedrooms 5
Total Bathrooms 3
Half Bathrooms 0
Floor Area Total (sqft) 2351
Lot Size 3678.86
Lot Size Depth Feet
Lot Size Frontage 34
Basement None
Basement Features BasementFeatures

Property Metrics

Year Built 1980
Age Of Building 44
Building Type Single Family Residence
Property Type Residential
Stories 2
Appliances Included Washer/Dryer, Washer, Refrigerator, Cooktop
Building Features BuildingFeatures
Structures Residential Detached

Additional Details

MLS # R2860946
Area Vancouver East
Neighbourhood South Vancouver
City Vancouver
Gross Taxes $6,724.61
Ownership Type Freehold NonStrata
Maintenance Fee -
Community Features Shopping Nearby
Fixtures Included -

Heating & Cooling

Fireplace 2
Heating Type Forced Air

Utilities

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

Parking

Parking Type Garage Double, Rear Access, Asphalt
Total Parking Spaces 2

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Strata Restrictions -
Rental Restrictions -
Zoning R1-1
Rental Suites -
# of Kitchens 1
Flooring Laminate, Carpet
Foundation Concrete Perimeter
Locker -
View -
View Description -
Units In Development -
Exterior Features Balcony
Sewer Public Sewer, Sanitary Sewer
Roof Asphalt

Property History

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Status Date Price
Sold 07-22-2024 $1,822,000
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Listed by: FaithWilson Christies International Real Estate

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
John Oliver Secondary School
1.44 km
No Rating
Elementary
John Henderson Elementary School
Below Average
0.36 km
Rating 2.9/10

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. Andrew's
0.85 km
No Rating
Secondary
Royal Canadian College
2.32 km
No Rating

Closest Transit

Translink
Southbound Fraser St @ E 55 Ave
0.15 km

588 E 55TH AVENUE, Vancouver BC V5X 1N5 is serviced by John Henderson Elementary School. The property with listing MLS® R2860946 is located 0.36 km from the school. John Henderson Elementary School has a rating of Rating 2.9/10.

This home with address 588 E 55TH AVENUE, Vancouver BC V5X 1N5, Vancouver, BC is also serviced by John Oliver Secondary School and located 1.44 km from it. John Oliver Secondary School has a rating of No Rating.

The closest Elementary independent school to this home for sale located at 588 E 55TH AVENUE, Vancouver BC V5X 1N5 is St. Andrew's with School's rating No Rating, located 0.85 km from this home.

The closest to this address 588 E 55TH AVENUE, Vancouver BC V5X 1N5 Secondary independent school is Royal Canadian College with School's rating No Rating, located 2.32 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 - 588 E 55TH AVENUE, Vancouver BC V5X 1N5, 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® R2860946 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 588 E 55TH AVENUE, Vancouver BC V5X 1N5 are Above Average. Property misconduct rating adjacent to MLS® R2860946 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 Fraser St @ E 55 Ave in 0.15 km away from this listing with - MLS® R2860946.

28.6% of people with university certificate/degree live in this neighbourhood adjacent to the 588 E 55TH AVENUE, Vancouver BC V5X 1N5 which is Above Average in comparison with other BC neighbourhoods. 18.7% of population in this neighbourhood that is near the Listing MLS® R2860946 have no certificate or degree. This number is Average compared to the average in BC.

Median Household Income near this dwelling with the address 588 E 55TH AVENUE, Vancouver BC V5X 1N5, Vancouver, BC is $63334 which is Average in comparison with the British Columbia average. Median personal income near this dwelling with listing - MLS® R2860946 is $24647 which is Low in comparison with the BC average. % of the Households with a mortgage in this census subdivision is 42.6% which is Low.

Unemployment rate in the area around Real Estate Listing # R2860946 is 6.4 which is Below Average in comparison to the other province neighbourhoods.

This real estate is located in 588 E 55TH AVENUE, Vancouver BC V5X 1N5 South Vancouver where population change between 2011 and 2016 was -0.5%. This is Below Average in comparison to average growth rate of this region.

Population density per square kilometre in this community near the address 588 E 55TH AVENUE, Vancouver BC V5X 1N5, Vancouver, BC is 4207.5 which is High people per sq.km.

Average size of families in the area adjacent to home for sale 588 E 55TH AVENUE, Vancouver BC V5X 1N5 is 3. This is Above Average number in comparison to the whole region. Percent of families with children near by the Real Estate Listing - MLS® R2860946 is 69.8% and it is High. % of Married or living common law is around 54.4% and it is Below Average.

Average age of the population close to the 588 E 55TH AVENUE, Vancouver BC V5X 1N5 is 41 . This percentage is Average in comparison to other BC cities.

Average value of dwellings in this neighbourhood around 588 E 55TH AVENUE, Vancouver BC V5X 1N5, Vancouver, BC is $1420312 and this is High comparing to other areas in British Columbia

Average Owner payments are Above Average in the area adjacent to 588 E 55TH AVENUE, Vancouver BC V5X 1N5. $1550 owners spent in average for the dwelling. Tenants are paying $1086 in this district close to MLS® R2860946 and it is Average comparing to other cities.

44.4% of Population in this district near the 588 E 55TH AVENUE, Vancouver BC V5X 1N5 are Renters and it is Above Average comparing to other BC cities and areas.

% of English and French speakers around real estate listing 588 E 55TH AVENUE, Vancouver BC V5X 1N5, Vancouver, BC is 4.3%, it is Below Average, % of English speakers only is 87.1% and Below Average. % of Neither English nor French speakers close to home for sale 588 E 55TH AVENUE, Vancouver BC V5X 1N5, Vancouver, BC is 8.6% and it is High comparing to other BC cities.

35.2% of all population in the area around this property with the address 588 E 55TH AVENUE, Vancouver BC V5X 1N5, Vancouver, BC using Public Transport which is High, 57.3% of using population are using Cars around MLS® R2860946, which is Low. 2.5% of people using Bicycles around the 588 E 55TH AVENUE, Vancouver BC V5X 1N5 and it is Above Average. 3.9% of population are walking which is 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 $1,822,000
Vancouver $2,163,959
South Vancouver $1,962,000
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
Call or Text Now!
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