296 W 1st Ave, Vancouver BC - Townhouse for Sale - MLS# R3108434

$896,000
Est. Mortgage $3,964/mo
James
1 Beds
1 Baths
854 sqft
1049 $ /sqft
655.69 $ Maint. fee
2012 built
$896,000
$905,000
Est. $3,964/mo with 20% down
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

Photos

Property Details for 296 W 1st Avenue

Rare opportunity in Olympic Village-modern townhome under $1M with 2 secure parking and EV charging. Vibrant walkable location just steps to the Seawall, downtown, restaurants, breweries, parks & transit...ideal for car free living or a refined pied-a-terre. Thoughtfully designed with soaring 16' ceilings, extra insuite storage + locker, hardwood floors, gas range, insuite laundry, heat pump for A/C and heating, built-in work station/desk, plus separate versatile den/flex space. Pet friendly, no weight restriction, rooftop lounge/kitchen and garden, fully equipped gym, sauna & steam. Move in ready in one of Vancouver's most dynamic neighbourhoods! Lowest $psf for a townhouse/apartment in Olympic Village. Loft style townhouse...all the perks and non of the hassle! Open Fathers Day Sun 1-3

Interior Features

Basement Finished Area (sqft) 0
Basement Features None
Appliances Included Dishwasher, Refrigerator, Microwave, Oven, Range Top
Interior Features Elevator, Storage, Vaulted Ceiling(s)
Heating Type Heat Pump, Natural Gas
Cooling Air Conditioning
Laundry In Unit
# of Kitchens 1
Flooring Hardwood
Foundation Concrete Perimeter

Exterior Features

Exterior Features Garden
View Description MOUNTAIN, CITY
Roof Other
Structures Residential Attached

Building Details

Price $896,000
Total Bedrooms 1
Total Bathrooms 1
Full Bathrooms 1
Half Bathrooms 0
Floor Area Total (sqft) 854
Year Built 2012
Age Of Building 14
Building Type Townhouse
Property Type Residential
Stories 2
Building Amenities Bike Room, Clubhouse, Exercise Centre, Sauna/Steam Room, Caretaker, Trash, Gas, Hot Water, Management, Recreation Facilities, Sewer, Snow Removal, Water
Building Name James
Ownership Type Freehold Strata
Maintenance Fee $655.69
Community Features Shopping Nearby
Amenities Nearby Bike Room, Clubhouse, Exercise Centre, Sauna/Steam Room, Caretaker, Trash, Gas, Hot Water, Management, Recreation Facilities, Sewer, Snow Removal, Water
Utility Type Electricity Connected, Natural Gas Connected, Water Connected
Utility Sewer Public Sewer, Sanitary Sewer, Storm Sewer
Water (WaterSource) Public
Parking Type Underground, Guest, Lane Access, Garage Door Opener
Total Parking Spaces 2
Strata Restrictions Pets Allowed w/Rest.,Rentals Allwd w/Restrctns
Pet Restrictions Cats OK, Dogs OK, Yes With Restrictions
Rental Suites None

Lot & Land

Lot Size Depth Feet
MLS® # R3108434
Area Vancouver West
Neighbourhood False Creek
City Vancouver
Postal Code V5Y 3T2
Gross Taxes $3,083.98
Zoning CD-1

Property Timeline

Status Date Price
R3108434 / Active 04-02-2026 $896,000
R3084956 / Terminated 01-29-2026 $905,000
Rooms
Floor Type Dimensions
Main Level Living Room 12'2 x 12'2 ft
Main Level Dining Room 7'8 x 7'8 ft
Main Level Kitchen 9'0 x 9'0 ft
Above Level Primary Bedroom 9'6 x 9'6 ft
Below Flex Room 7'9 x 7'9 ft
Below Laundry 2'6 x 2'6 ft
Below Storage 2'9 x 2'9 ft
Above Level Walk-In Closet 4' x 4' ft
Main Level Patio 4'5 x 4'5 ft
Bathrooms
Floor Ensuite Pieces
Below No #4

Listed by: Royal LePage Westside & Royal LePage Westside

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.

Map & Neighbourhood

Public Schools

Elementary
Simon Fraser Elementary School
Above Average
1.35 km
7.6/10

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

Private Schools

Elementary,Secondary
Eaton Arrowsmith School (Vancouver) Ltd
0.54 km
Elementary,Secondary
Eaton Arrowsmith School (Vancouver) Ltd
0.54 km

Closest Transit

Bus Stop
Westbound W 2nd Ave @ Crowe St
0.1 km
Skytrain
Skytrain @ Olympic Village Stn
0.38 km

Crime Rate

Total Crime Rate
Average
Violent Crime Rate
Below Average
Property Crime Rate
Above Average

Demographics

Post-Secondary Education
Above Average
58.9%
No Certificate/Degree
Below Average
2.8%
Owner Occupied
Average
72.3%
Employment Rate
Below Average
33%

Noise/ Power Lines

Road/Hwy Noise
Unlikely
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

Sell Speed & Competition

50 / 100
Overall sell-speed score
Moderate pace expected
B
Price competition grade
Avg comparable: $896,000
Market conditions
Market conditions unavailable
Flood Risk (FEMA/BC)
Unlikely — not in floodplain
Railway / Skytrain noise
Unlikely — 0.38 km from station
Road / Highway noise
Unlikely
Airport noise (YVR)
Unlikely
Power lines proximity
Unlikely
ALR (Agricultural Land Reserve)
No — not in ALR
How FALSE CREEK compares
This property
98 DOM
Listed
False Creek avg
Vancouver avg

296 W 1st Avenue has a sell-speed score of 50/100, placing it in the "Expected to sell at a moderate pace" band. The listing is priced in line with comparable active properties in False Creek. Based on these signals, EstateBlock predicts this listing is may take several weeks to attract serious offers.

Climate Risk for V5Y 3T2

Natural hazards vary by location and can change over time. The following provides a summary of potential impacts to this area, postal code V5Y 3T2, over the next 30 years. Projections use the 2041–2070 period (2050s) under a moderate emissions scenario (SSP2-4.5).

Flood Lower Risk

Outside of designated flood hazard zones. Under 10% of buildings in this area have flood risk over the next 30 years.

Fire Low

Located within the "Vancouver" WUI zone (Risk Class 5 — Low). Based on BC Wildfire Service provincial WUI Risk Class mapping; not a site-specific assessment.

Air Quality B / Good

Annual avg PM2.5 5.1 µg/m³ — meets Canada's CAAQS (BC ENV 2024). Nearest station: Vancouver Clark Drive, Vancouver (~2.7 km). Annual avg AQHI 2.2 — Low Risk.

Heat Low

Vancouver currently sees ~1 days above 30 °C per year (1981–2010 baseline), projected to rise to ~6 by the 2050s (SSP2-4.5 moderate emissions). Hottest day of the year: ~29.7 °C baseline, ~32 °C projected. Tropical nights (>18 °C): ~0 baseline, ~4 projected.

Precipitation Increasing

Annual precipitation ~1515 mm (1981–2010 baseline), projected ~1575 mm by the 2050s. Extreme 1-day rainfall: ~50.5 mm baseline, ~57 mm projected. Values vary modestly across the Lower Mainland.

Drought Stable

Longest annual dry spell (consecutive dry days): ~22 days baseline, ~24 days projected for the 2050s. CDD is used as a regional drought proxy; drought risk varies modestly across the Lower Mainland.

Nearby Restaurants, Cafes & Shops

Schools NearBy

School Type Grades Served Catchment Info Rating Distance
Schools Near 296 W 1st Avenue

Pre-computed routes from 296 W 1st Ave, Vancouver, BC

By transit (Skytrain)

  • Downtown Vancouver via Olympic Village → Waterfront
    14 min
  • Metrotown, Burnaby via Olympic Village → Metrotown
    32 min
  • SFU Burnaby via Olympic Village → Production Way
    39 min
  • Richmond Centre via Olympic Village → Brighouse
    27 min
  • YVR Airport via Olympic Village → YVR-Airport
    28 min

By car (off-peak)

  • Downtown Vancouver via HWY 1 / Grandview
    2 min
  • Metrotown, Burnaby via Lougheed Hwy
    11 min
  • SFU Burnaby via Gaglardi Way
    17 min
  • Richmond Centre via No. 3 Rd
    14 min
  • YVR Airport via Bridgeport / Sea Island
    12 min

Calculate your commute

296 W 1st Ave, Vancouver, BC is ideally located for commuters. The property is 0.4 km from Olympic Village, with a 14 min SkyTrain ride to Downtown Vancouver (Waterfront Station). The closest bus stop is Westbound W 2nd Ave @ Crowe St (0.1 km). Walk Score Transit rating: Rider's Paradise (96/100).

Walkability & Transit Near 296 W 1st Avenue

Walk Score Badge
Car-Dependent 97

Walk Score - Walker's Paradise

Daily errands do not require a car
Transit Score Badge
Some Transit 96

Transit Score - Rider's Paradise

World-class public transportation
Bike Score Badge
Somewhat
Bikeable
98

Bike Score - Biker's Paradise

Daily errands can be accomplished on a bike

BC Assessment Value — 296 W 1st Avenue

2026 assessed value, sourced from City of Vancouver open data (PID 028-886-062).
Total Assessed Value (2026)
$908,000
-8.2% YoY
+0.2%/yr over 4 yr
2022 Value Trend 2026
Land
$655,000
Buildings
$253,000
Year Built
2012
Class
Comprehensive Development
Zoning
CD-1 (483)
Property Tax
$3,054
Year Land Improvements Total Assessed YOY Change
2026 $655,000 $253,000 $908,000
-8.2%
2025 $713,000 $276,000 $989,000
+1.0%
2024 $706,000 $273,000 $979,000
-1.7%
2023 $718,000 $278,000 $996,000
+10.7%
2022 $647,000 $253,000 $900,000

Mortgage Calculator for 296 W 1st Avenue

/month
Principal & Interest
Property Taxes $257
Maintenance fee 655.69
Based on a 30-year fixed at 4% interest with 20% down ($179,200), the estimated monthly payment for this listing is $4,335/month — $3,422 principal & interest, $257 property tax, $656 maintenance fee.
or Call 778-918-5990
All figures are informational estimates by EstateBlock.com; actual mortgage payments and insurance rates vary by many factors.
Listing data last synced:

Investment Cashflow Calculator

/month
Mortgage Payment
Monthly Payment
Break Even Down Payment 0%
Cap Rate
Cash on Cash
At an estimated rental income of $3,064/month, this property runs a $1,327/month shortfall after mortgage and carrying costs. Break-even requires approximately 52% down.
All figures are informational estimates by EstateBlock.com; actual mortgage payments and insurance rates vary by many factors.

Price vs Neighbourhood Average — False Creek, Vancouver

Beds Home Types Square Feet Lot Size Year Built
This Home $896,000
Vancouver Loading...
False Creek Loading...

Based on 2 comparable active townhouses in False Creek, the average asking price is $945,500. This listing is priced 5.2% below the neighbourhood average.

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 Agent & Brokerage

Dan Marusin
Dan Marusin
Renanza Realty
778-918-5990
Award-Winning REALTOR® with 11+ Years of Experience Serving Greater Vancouver

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Walkability & Transit Near 296 W 1st Avenue

Walk Score Badge
Car-Dependent 97

Walk Score - Walker's Paradise

Daily errands do not require a car
Transit Score Badge
Some Transit 96

Transit Score - Rider's Paradise

World-class public transportation
Bike Score Badge
Somewhat
Bikeable
98

Bike Score - Biker's Paradise

Daily errands can be accomplished on a bike

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