7229 LANCASTER PL, Vancouver BC V5S 3B5, Vancouver, BC

$2,270,000
Est. Mortgage /mo

MLS® R2931527

Closed

$2,000,000
Closed at 10 Jan 2025
Listing price: $2,270,000
Dan Marusin
Dan Marusin
Renanza Realty
778-918-5990
Go See This Home Now
6 Beds
3 Baths
2 Stories
lot 5167 sqft
3100 sqft
1965 built
Show more info
Photos
Map
Street view
Schools
Crime
Commute
Shop & Eat

Property details

Welcome to this well-maintained income property, boasting a solid rental history and a unique 7-room layout. Ideal for investors or those seeking the opportunity to live in one unit while renting out others. With the current zoning regulations, this property offers the potential to be redeveloped into 5 separate units, making it an outstanding opportunity for builders or investors alike. Conveniently located near Champlain Square shopping district, schools, parks, and public transportation, this property is perfectly positioned for both living and investment. Don’t miss out on this golden opportunity to invest in a rapidly growing neighborhood!

General Info

Price $2,270,000
Total Bedrooms 6
Total Bathrooms 2
Half Bathrooms 1
Floor Area Total (sqft) 3100
Lot Size 5167.68
Lot Size Depth Feet
Lot Size Frontage 50.63
Basement Finished
Basement Features BasementFeatures

Property Metrics

Year Built 1965
Age Of Building 60
Building Type Single Family Residence
Property Type Residential
Stories 2
Appliances Included Washer/Dryer, Dishwasher, Refrigerator, Cooktop
Building Features BuildingFeatures
Structures Residential Detached

Additional Details

MLS # R2931527
Area Vancouver East
Neighbourhood Fraserview VE
City Vancouver
Gross Taxes $8,863.15
Ownership Type Freehold NonStrata
Maintenance Fee -
Fixtures Included -

Heating & Cooling

Fireplace 2
Heating Type Forced Air

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, Asphalt
Total Parking Spaces 6

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

Property History

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Status Date Price
Sold 01-10-2025 $2,270,000
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Listed by: RE/MAX Crest 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
Killarney Secondary School
0.83 km
No Rating
Elementary
Captain James Cook Elementary School
Average
0.55 km
Rating 5.9/10

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
Corpus Christi School
1.49 km
Rating 10/10
Secondary
Vancouver Formosa Academy
1.81 km
No Rating

Closest Transit

Translink
Northbound Kerr St @ E 58 Ave
0.14 km

7229 LANCASTER PLACE, Vancouver BC V5S 3B5 is serviced by Captain James Cook Elementary School. The property with listing MLS® R2931527 is located 0.55 km from the school. Captain James Cook Elementary School has a rating of Rating 5.9/10.

This home with address 7229 LANCASTER PLACE, Vancouver BC V5S 3B5, Vancouver, BC is also serviced by Killarney Secondary School and located 0.83 km from it. Killarney Secondary School has a rating of No Rating.

The closest Elementary independent school to this home for sale located at 7229 LANCASTER PLACE, Vancouver BC V5S 3B5 is Corpus Christi School with School's rating Rating 10/10, located 1.49 km from this home.

The closest to this address 7229 LANCASTER PLACE, Vancouver BC V5S 3B5 Secondary independent school is Vancouver Formosa Academy with School's rating No Rating, located 1.81 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 - 7229 LANCASTER PLACE, Vancouver BC V5S 3B5, 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® R2931527 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 7229 LANCASTER PLACE, Vancouver BC V5S 3B5 are Above Average. Property misconduct rating adjacent to MLS® R2931527 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 Northbound Kerr St @ E 58 Ave in 0.14 km away from this listing with - MLS® R2931527.

32.4% of people with university certificate/degree live in this neighbourhood adjacent to the 7229 LANCASTER PLACE, Vancouver BC V5S 3B5 which is Above Average in comparison with other BC neighbourhoods. 12.8% of population in this neighbourhood that is near the Listing MLS® R2931527 have no certificate or degree. This number is Below Average compared to the average in BC.

Median Household Income near this dwelling with the address 7229 LANCASTER PLACE, Vancouver BC V5S 3B5, Vancouver, BC is $72448 which is Average in comparison with the British Columbia average. Median personal income near this dwelling with listing - MLS® R2931527 is $34048 which is Average in comparison with the BC average. % of the Households with a mortgage in this census subdivision is 57% which is Average.

Unemployment rate in the area around Real Estate Listing # R2931527 is 4.8 which is Low in comparison to the other province neighbourhoods.

This real estate is located in 7229 LANCASTER PLACE, Vancouver BC V5S 3B5 Fraserview VE where population change between 2011 and 2016 was 2.9%. This is Above Average in comparison to average growth rate of this region.

Population density per square kilometre in this community near the address 7229 LANCASTER PLACE, Vancouver BC V5S 3B5, Vancouver, BC is 3169.9 which is Above Average people per sq.km.

Average size of families in the area adjacent to home for sale 7229 LANCASTER PLACE, Vancouver BC V5S 3B5 is 2.8. This is Below Average number in comparison to the whole region. Percent of families with children near by the Real Estate Listing - MLS® R2931527 is 64.4% and it is Above Average. % of Married or living common law is around 55.3% and it is Below Average.

Average age of the population close to the 7229 LANCASTER PLACE, Vancouver BC V5S 3B5 is 42.7 . This percentage is Above Average in comparison to other BC cities.

Average value of dwellings in this neighbourhood around 7229 LANCASTER PLACE, Vancouver BC V5S 3B5, Vancouver, BC is $1051731 and this is High comparing to other areas in British Columbia

Average Owner payments are Above Average in the area adjacent to 7229 LANCASTER PLACE, Vancouver BC V5S 3B5. $1410 owners spent in average for the dwelling. Tenants are paying $1148 in this district close to MLS® R2931527 and it is Above Average comparing to other cities.

40.2% of Population in this district near the 7229 LANCASTER PLACE, Vancouver BC V5S 3B5 are Renters and it is Above Average comparing to other BC cities and areas.

% of English and French speakers around real estate listing 7229 LANCASTER PLACE, Vancouver BC V5S 3B5, Vancouver, BC is 6.7%, it is Average, % of English speakers only is 86.8% and Below Average. % of French speakers adjacent to 7229 LANCASTER PLACE, Vancouver BC V5S 3B5 only is 0.1% and it is Low. % of Neither English nor French speakers close to home for sale 7229 LANCASTER PLACE, Vancouver BC V5S 3B5, Vancouver, BC is 6.5% and it is High comparing to other BC cities.

22.4% of all population in the area around this property with the address 7229 LANCASTER PLACE, Vancouver BC V5S 3B5, Vancouver, BC using Public Transport which is Above Average, 73.4% of using population are using Cars around MLS® R2931527, which is Below Average. 2% of people using Bicycles around the 7229 LANCASTER PLACE, Vancouver BC V5S 3B5 and it is Above Average. 1.7% of population are walking which is Low

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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 $2,270,000
Vancouver $3,558,672
Fraserview VE $2,180,000
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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