409 8508 Rivergrass Dr, Vancouver BC - Apartment/Condo for Sale - MLS# R3136265

$970,000
Est. Mortgage $4,291/mo
Avalon 1 West
3 Beds
2 Baths
1203 sqft
806 $ /sqft
835.82 $ Maint. fee
2019 built
$970,000
Est. $4,291/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 409 8508 Rivergrass Drive

Welcome to Avalon 1 West in the heart of River District, one of Vancouver’s most sought-after waterfront communities. This spacious 3-bedroom, 2-bathroom home offers over 1,200 sq.ft. of functional living space, plus a den ideal for a home office. The open-concept layout enjoys beautiful northwest exposure, filling the home with natural light, while a mini-split heat pump provides year-round comfort with A/C. Enjoy the convenience of nearby shops, grocery stores, restaurants, and waterfront trails. Perfect for growing families or those seeking extra space at an affordable price point. Includes 2 parking stalls and 2 storage lockers. Don’t miss this opportunity!

Interior Features

Basement Finished Area (sqft) 0
Basement Features None
Appliances Included Washer/Dryer, Dishwasher, Refrigerator, Stove
Interior Features Elevator, Storage
Heating Type Heat Pump, Radiant
Cooling Central Air, Air Conditioning
Laundry In Unit
# of Kitchens 1
Foundation Concrete Perimeter

Exterior Features

Exterior Features Garden, Balcony
Roof Torch-On
Structures Multi Family, Residential Attached

Building Details

Price $970,000
Total Bedrooms 3
Total Bathrooms 2
Full Bathrooms 2
Half Bathrooms 0
Floor Area Total (sqft) 1203
Year Built 2019
Age Of Building 7
Building Type Apartment/Condo
Property Type Residential
Stories 1
Building Amenities Exercise Centre, Trash, Gas, Hot Water, Management, Recreation Facilities
Building Name Avalon 1 West
Ownership Type Freehold Strata
Maintenance Fee $835.82
Community Features Shopping Nearby
Amenities Nearby Exercise Centre, Trash, Gas, Hot Water, Management, Recreation Facilities
Utility Type Electricity Connected, Natural Gas Connected, Water Connected
Water (WaterSource) Public
Parking Type Garage Under Building, Side Access
Total Parking Spaces 2
Strata Restrictions Pets Allowed w/Rest.,Rentals Allwd w/Restrctns
Pet Restrictions Cats OK, Dogs OK, Number Limit (Two), Yes With Restrictions
Units In Development 358

Lot & Land

MLS® # R3136265
Area Vancouver East
Neighbourhood South Marine
City Vancouver
Postal Code V5S 0H7
Gross Taxes $3,099.57
Zoning CD-1

Property Timeline

Status Date Price
R3136265 / Active 06-15-2026 $970,000
Rooms
Floor Type Dimensions
Main Level Foyer 6'0 x 6'0 ft
Main Level Den 8'9 x 8'9 ft
Main Level Dining Room 17'0 x 17'0 ft
Main Level Living Room 17'0 x 17'0 ft
Main Level Primary Bedroom 11'10 x 11'10 ft
Main Level Bedroom 11'4 x 11'4 ft
Main Level Bedroom 11'8 x 11'8 ft
Main Level Kitchen 11'11 x 11'11 ft
Bathrooms
Floor Ensuite Pieces
Main Level Yes #4
Main Level No #3

Listed by: Real Broker

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
Champlain Heights Community Elementary School
Average
1.66 km
5.5/10
Secondary
Killarney Secondary School
Average
2.47 km
6.3/10

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

Private Schools

Elementary
Qawsain Knowledge House
3.17 km
Elementary,Secondary
Choice School For Gifted Children
Above Average
4.6 km
10/10

Closest Transit

Bus Stop
Eastbound Sawmill Cres @ River District Crossing
0.19 km
Skytrain
Skytrain @ Metrotown Stn
2.82 km

Crime Rate

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

Demographics

Post-Secondary Education
Above Average
35.1%
No Certificate/Degree
Below Average
12.4%
Owner Occupied
Average
62.7%
Employment Rate
Above Average
66.4%

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

53 / 100
Overall sell-speed score
Moderate pace expected
B+
Price competition grade
Avg comparable: $1,024,029
Market conditions
Market conditions unavailable
Flood Risk (FEMA/BC)
Unlikely — not in floodplain
Railway / Skytrain noise
Unlikely — 2.82 km from station
Road / Highway noise
Unlikely
Airport noise (YVR)
Unlikely
Power lines proximity
Unlikely
ALR (Agricultural Land Reserve)
No — not in ALR
How SOUTH MARINE compares
This property
24 DOM
Listed
South Marine avg
Vancouver avg

409 8508 Rivergrass Drive has a sell-speed score of 53/100, placing it in the "Expected to sell at a moderate pace" band. The listing is priced 5.6% below comparable active properties in South Marine, which is a strong competitive signal. Based on these signals, EstateBlock predicts this listing is may take several weeks to attract serious offers.

Climate Risk for V5S 0H7

Natural hazards vary by location and can change over time. The following provides a summary of potential impacts to this area, postal code V5S 0H7, 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 A / Excellent

Annual avg PM2.5 4.4 µg/m³ — meets WHO 2021 guideline (BC ENV 2024). Nearest station: Burnaby South, Burnaby (~3.2 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 409 8508 Rivergrass Drive

Pre-computed routes from 409 8508 Rivergrass Dr, Vancouver, BC

By transit (Skytrain)

  • Downtown Vancouver via Metrotown → Waterfront
    55 min
  • Metrotown, Burnaby
    37 min
  • SFU Burnaby via Metrotown → Production Way
    57 min
  • Richmond Centre via Metrotown → Brighouse
    80 min
  • YVR Airport via Metrotown → YVR-Airport
    81 min

By car (off-peak)

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

Calculate your commute

409 8508 Rivergrass Dr, Vancouver, BC is ideally located for commuters. The property is 2.8 km from Metrotown, with a 55 min SkyTrain ride to Downtown Vancouver (Waterfront Station). The closest bus stop is Eastbound Sawmill Cres @ River District Crossing (0.19 km). Walk Score Transit rating: Good Transit (51/100).

Walkability & Transit Near 409 8508 Rivergrass Drive

Walk Score Badge
Car-Dependent 64

Walk Score - Somewhat Walkable

Some errands can be accomplished on foot
Transit Score Badge
Some Transit 51

Transit Score - Good Transit

Many nearby public transportation options
Bike Score Badge
Somewhat
Bikeable
44

Bike Score - Somewhat Bikeable

Minimal bike infrastructure

BC Assessment Value — 409 8508 Rivergrass Drive

2026 assessed value, sourced from City of Vancouver open data (PID 030-988-721).
Total Assessed Value (2026)
$972,000
-2.2% YoY
+0.1%/yr over 4 yr
2022 Value Trend 2026
Land
$636,000
Buildings
$336,000
Year Built
2019
Class
Comprehensive Development
Zoning
CD-1 (565)
Property Tax
$3,270
Year Land Improvements Total Assessed YOY Change
2026 $636,000 $336,000 $972,000
-2.2%
2025 $651,000 $343,000 $994,000
-1.3%
2024 $659,000 $348,000 $1,007,000
-0.1%
2023 $660,000 $348,000 $1,008,000
+4.0%
2022 $644,000 $325,000 $969,000

Mortgage Calculator for 409 8508 Rivergrass Drive

/month
Principal & Interest
Property Taxes $258
Maintenance fee 835.82
Financing 80% of the $970,000 asking price over 30 years at 4% results in approximately $4,799/month in total estimated carrying costs, $258 property tax, $836 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
This listing generates an estimated $3,317/month in rental income, leaving a -$1,542/month cashflow at current carrying costs. Investors targeting break-even would need roughly 54% down.
All figures are informational estimates by EstateBlock.com; actual mortgage payments and insurance rates vary by many factors.

Price vs Neighbourhood Average — South Marine, Vancouver

Beds Home Types Square Feet Lot Size Year Built
This Home $970,000
Vancouver Loading...
South Marine Loading...

Based on 6 comparable active apartments/condos in South Marine, the average asking price is $1,006,000. This listing is priced 3.6% 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

Earn Cashback on Your Purchase

Potential Cashback for this listing if you buy with us

$0
out of $6,603
0 of 38 missions

Sign up on Estateblock.com

$330 / 5.00%

Sign up on EstateBlock.com

$132 / 2.00%

Buy with us & save on this property

Walkability & Transit Near 409 8508 Rivergrass Drive

Walk Score Badge
Car-Dependent 64

Walk Score - Somewhat Walkable

Some errands can be accomplished on foot
Transit Score Badge
Some Transit 51

Transit Score - Good Transit

Many nearby public transportation options
Bike Score Badge
Somewhat
Bikeable
44

Bike Score - Somewhat Bikeable

Minimal bike infrastructure

Similar Condos for Sale in South Marine

Recently Sold Homes Near 409 8508 Rivergrass Drive