5125 Wales St, Vancouver, BC | MLS^® R2982425 Property Details

33.89% cheaper than comparables

INVESTORS & DEVELOPERS ALERT! FIRST TIME ON THE MARKET, Located within the Norquay Village Neighbourhood Centre Plan! This property falls under the RM-9A 4-storey apartments zone. This is a great land assembly property or a holding property for investors. This 2 story house faces the park and it sits on a 34.1 x 103.65 (3534 sqft) lot with close to 2200 sqft of spacious living with 3 bedrooms up, 2 bedrooms suite downstairs. Just steps to N orquay Park, walking distance to local shops, restaurant, banks, supermarkets, transit and much more. George T. Cunningham Elem. & Gladstone Secondary catchments. Great investment/land assembly opportunity! Call for more information.

General Info

Price $2,390,000

Total Bedrooms 5

Total Bathrooms 2

Half Bathrooms 0

Floor Area Total (sqft) 2173

Lot Size 3534.47

Lot Size Depth Feet

Lot Size Frontage 34.1

Basement Finished, Exterior Entry

Basement Features BasementFeatures

Property Metrics

Year Built 1968

Age Of Building 57

Building Type Single Family Residence

Property Type Residential

Architecture Style Rancher/Bungalow w/Bsmt.

Stories 2

Appliances Included Washer/Dryer, Dishwasher, Refrigerator, Stove

Building Features BuildingFeatures

Structures Residential Detached

Additional Details

MLS^® # R2982425

Area Vancouver East

Neighbourhood Collingwood VE

City Vancouver

Gross Taxes $7,200.99

Ownership Type Freehold NonStrata

Maintenance Fee -

Community Features Shopping Nearby

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 Carport Multiple, Rear Access

Total Parking Spaces 4

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Strata Restrictions -

Rental Restrictions -

Zoning RM-9A

Rental Suites Unauthorized Suite

# of Kitchens 1

Flooring Mixed

Foundation Concrete Perimeter

Locker -

View -

View Description -

Units In Development -

Exterior Features Private Yard

Sewer Public Sewer, Sanitary Sewer, Storm Sewer

Roof Asphalt

Property History

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Status	Date	Price

Rooms

Floor	Type	Dimensions
Main Level	Living Room	14' x 14' ft
Main Level	Dining Room	12' x 12' ft
Main Level	Kitchen	10' x 10' ft
Main Level	Nook	10' x 10' ft
Main Level	Bedroom	14' x 14' ft
Main Level	Bedroom	10' x 10' ft
Main Level	Bedroom	12' x 12' ft
Below	Living Room	18' x 18' ft
Below	Bedroom	10' x 10' ft
Below	Bedroom	10' x 10' ft

Listed by: Royal Pacific Realty (Kingsway) Ltd. & Royal Pacific Realty Corp.

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

Gladstone Secondary School

1.36 km

Elementary

G. T. Cunningham Elementary School

Average

0.43 km

5.8/10

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

Private Schools

Elementary

St.Mary's School

1.34 km

Secondary

Vancouver Formosa Academy

0.63 km

Closest Transit

Bus Stop

Eastbound Kingsway @ Wales St

0.08 km

Skytrain

Skytrain @ 29Th Av Stn

0.81 km

Noise/ Power Lines

Road/Hwy Noise

Possible

Railway/Sky train Noise

Unlikely

Airport/Port Noise

Unlikely

Close to major Power Lines

Unlikely

Other

Agricultural Land Reserve (ALR)

Unlikely

Flood Area

Unlikely

Close to Cemeteries

Unlikely

Welcome to 5125 Wales Street in the vibrant Collingwood VE neighborhood of Vancouver, BC. This stunning property is listed with MLS^® R2982425 and is an excellent choice for families and individuals alike.

Let's start with the schools, a top priority for many homebuyers. The property is serviced by G.T. Cunningham Elementary School, located just 0.43 km away. This school has a rating of 5.8/10, making it a great option for families. Additionally, Gladstone Secondary School is just 1.36 km away, and St. Mary's School, an independent elementary school, is 1.34 km away with a rating of 9.4/10.

In terms of crime statistics, according to the 2020 report from Statistics Canada, this neighborhood has an average crime rate of 7,470.82, which is average compared to other Canadian cities. The drug crime rate is also average, with a rating of 229.49. Property crimes are slightly above average, but the violent crime rate is below average at 1,311.69. Overall, this neighborhood is considered safe.

The closest bus station is Eastbound Kingsway @ Wales St, just 0.08 km away from this listing, making it convenient for commuters.

Now, let's talk about demographics. This neighborhood has a high percentage of university-educated residents, with 22.5% holding a university certificate or degree, which is above average compared to other BC neighborhoods. The median household income is $65,067, which is average compared to the British Columbia average. However, the median personal income is $24,461, which is lower than the BC average.

The unemployment rate in this area is 5.7%, which is below average compared to other province neighborhoods. The population growth rate between 2011 and 2016 was 10.3%, which is high compared to the average growth rate of this region.

The average size of families in this area is 2.9, which is average compared to the whole region. However, 70.3% of families have children, which is high. The percentage of married or living common law individuals is 52.3%, which is below average.

The average age of the population in this area is 41.4, which is average compared to other BC cities. The average value of dwellings in this neighborhood is $1,364,560, which is high compared to other areas in British Columbia.

In terms of housing, the average owner payments are above average, with owners spending $1,334 on average. Tenants are paying $1,143, which is also above average. 43.2% of the population in this area are renters, which is above average compared to other BC cities and areas.

The language spoken at home is predominantly English, with 82% of residents speaking only English, which is below average. However, 14.6% of residents speak neither English nor French, which is high.

Finally, let's talk about transportation. 34.6% of the population in this area use public transport, which is high. 61% of residents use cars, which is low. 1.1% of residents use bicycles, which is average, and 1.9% of residents walk, which is low.

In conclusion, 5125 Wales Street is an excellent choice for families and individuals looking for a safe and convenient neighborhood with access to good schools and transportation options. This property is listed with MLS^® R2982425 and is a must-see for anyone looking to buy in this vibrant and diverse neighborhood.