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Prime land value opportunity in the highly sought-after Oakridge neighbourhood. This property offers a livable and tenanted home with approx 2,082 sqft of living space, including a basement with 4 bedrooms and 2 bathrooms. Sold "As Is, Where Is," this is an exceptional holding, investment, or future redevelopment opportunity. Conveniently located at Cambie Corridor and minutes from Oakridge Park, Queen Elizabeth Park, Langara Golf Course, and VanDusen Botanical Garden, with shopping, restaurants, and daily amenities nearby. Easy access to the Canada Line at Oakridge–41st Ave Station and major bus routes. School catchment: Sir William Van Horne Elementary, Eric Hamber Secondary, and Langara College, all within 5-min drive.
| Basement Finished Area (sqft) | 962 |
|---|---|
| Basement Features | Finished |
| Appliances Included | Washer/Dryer, Dishwasher, Refrigerator, Stove |
| Fireplace | 1 |
| Heating Type | Forced Air, Natural Gas |
| Laundry | In Unit |
| # of Kitchens | 2 |
| Flooring | Laminate, Mixed |
| Foundation | Concrete Perimeter |
| Roof | Asphalt |
|---|---|
| Structures | Residential Detached |
| Price | $2,990,000 |
|---|---|
| Total Bedrooms | 4 |
| Total Bathrooms | 2 |
| Full Bathrooms | 2 |
| Half Bathrooms | 0 |
| Floor Area Total (sqft) | 2075 |
| Year Built | 1949 |
| Age Of Building | 77 |
| Building Type | Single Family Residence |
| Property Type | Residential |
| Stories | 2 |
| Ownership Type | Freehold NonStrata |
| Community Features | Shopping Nearby |
| Utility Type | Electricity Connected, Natural Gas Connected, Water Connected |
| Utility Sewer | Public Sewer, Sanitary Sewer, Storm Sewer |
| Water (WaterSource) | Public |
| Parking Type | Garage Single |
| Total Parking Spaces | 1 |
| Rental Suites | None |
| Lot Size | 6539.12 |
|---|---|
| Lot Size Depth | Feet |
| Lot Size Frontage | 52.82 |
| MLS® # | R3141624 |
| Area | Vancouver West |
| Neighbourhood | Cambie |
| City | Vancouver |
| Postal Code | V5Y 2R5 |
| Gross Taxes | $14,455.3 |
| Zoning | R1-1 |
| Floor | Type | Dimensions |
|---|---|---|
| Main Level | Living Room | 18'8 x 18'8 ft |
| Main Level | Dining Room | 11'9 x 11'9 ft |
| Main Level | Kitchen | 15'0 x 15'0 ft |
| Main Level | Primary Bedroom | 12'0 x 12'0 ft |
| Main Level | Bedroom | 10'6 x 10'6 ft |
| Basement Level | Living Room | 25'0 x 25'0 ft |
| Basement Level | Kitchen | 14'0 x 14'0 ft |
| Basement Level | Bedroom | 13'0 x 13'0 ft |
| Basement Level | Bedroom | 11'1 x 11'1 ft |
| Basement Level | Laundry | 10'4 x 10'4 ft |
| Floor | Ensuite | Pieces |
|---|---|---|
| Main Level | No | #4 |
| Basement | No | #4 |
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.
Public Schools
Information includes BC Government Open License data; school details change often and are offered solely as general guidance.
Private Schools
Closest Transit
Crime Rate
Demographics
Noise/ Power Lines
Other
481 W 40th Avenue has a sell-speed score of 56/100, placing it in the "Expected to sell at a moderate pace" band. The listing is priced in line with comparable active properties in Cambie. Based on these signals, EstateBlock predicts this listing is may take several weeks to attract serious offers.
Natural hazards vary by location and can change over time. The following provides a summary of potential impacts to this area, postal code V5Y 2R5, over the next 30 years. Projections use the 2041–2070 period (2050s) under a moderate emissions scenario (SSP2-4.5).
Outside of designated flood hazard zones. Under 10% of buildings in this area have flood risk over the next 30 years.
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.
Annual avg PM2.5 5.1 µg/m³ — meets Canada's CAAQS (BC ENV 2024). Nearest station: Vancouver Clark Drive, Vancouver (~3.9 km). Annual avg AQHI 2.2 — Low Risk.
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.
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.
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.
| School | Type | Grades Served | Catchment Info | Rating | Distance |
|---|---|---|---|---|---|
Calculate your commute
481 W 40th Ave, Vancouver, BC is ideally located for commuters. The property is 0.1 km from Oakridge-41st, with a 17 min SkyTrain ride to Downtown Vancouver (Waterfront Station). The closest bus stop is Oakridge-41st Ave Station @ Bay 6 (0.1 km). Walk Score Transit rating: Excellent Transit (77/100).
| Year | Land | Improvements | Total Assessed | YOY Change |
|---|---|---|---|---|
| 2026 | $2,810,000 | $10,000 | $2,820,000 |
-15.6%
|
| 2025 | $3,333,000 | $10,000 | $3,343,000 |
-13.5%
|
| 2024 | $3,856,000 | $10,000 | $3,866,000 |
+0.0%
|
| 2023 | $3,856,000 | $10,000 | $3,866,000 |
+0.0%
|
| 2022 | $3,856,000 | $10,000 | $3,866,000 | — |
Based on 3 comparable active Single Family Residences in Cambie, the average asking price is $3,326,333. This listing is priced 10.1% below the neighbourhood average. This property is flagged as a Hot Deal (Land Value only) based on its competitive pricing and market demand.
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