5 2240 E 40th Ave, Vancouver BC - Townhouse for Sale - MLS# R3120698

$1,099,900
Est. Mortgage $4,866/mo
Quintet
3 Beds
3 Baths
1127 sqft
976 $ /sqft
354.29 $ Maint. fee
2026 built
OPEN HOUSE
$1,099,900
Est. $4,866/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 5 2240 E 40th Avenue

Backed by an award-winning team, QUINTET is a boutique collection of 5 modern East Vancouver townhomes by Costar Construction - 2024 Georgie Award Winner for Best Multiplex. The 'Fitzgerald' plan is a 2-level, 3-bed, 2.5-bath home featuring a large outdoor yard space (dog-friendly), w/ stunning Japan/Scandinavian-inspired interiors. Premium Cosentino quartz, luxury oak-grain vinyl flooring, custom millwork, bespoke entertainment unit, oversized triple-glazed windows, stairway step lights, ensuite underfloor heating, and integrated Bosch appliances. Energy efficient VRF heating/cooling system. Steps to Victoria Dr, parks, shops, schools, & transit. Est. to complete late Spring 2026. A selection of 3 & 4 Bedroom plans available by private appt. NO STRATA FEES for 2 years for a limited time!

Open houses

11 Jul, 2026 (11:00 AM to 03:00 PM)

Interior Features

Basement Finished Area (sqft) 0
Basement Features None
Appliances Included Washer/Dryer, Dishwasher, Refrigerator, Stove
Interior Features Vaulted Ceiling(s)
Heating Type Heat Pump
Cooling Air Conditioning
Laundry In Unit
# of Kitchens 1
Flooring Tile, Vinyl, Carpet
Foundation Slab

Exterior Features

Exterior Features Garden
Roof Asphalt
Structures Residential Detached

Building Details

Price $1,099,900
Total Bedrooms 3
Total Bathrooms 3
Full Bathrooms 2
Half Bathrooms 1
Floor Area Total (sqft) 1127
Year Built 2026
Age Of Building 0
Building Type Townhouse
Property Type Residential
Architecture Style Laneway House
Stories 2
Building Amenities Bike Room, Trash, Maintenance Grounds, Hot Water, Management, Sewer, Snow Removal, Water
Building Name Quintet
Ownership Type Freehold Strata
Maintenance Fee $354.29
Community Features Shopping Nearby
Amenities Nearby Bike Room, Trash, Maintenance Grounds, Hot Water, Management, 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 Other
Total Parking Spaces 0
Strata Restrictions Pets Allowed w/Rest.,Rentals Allowed
Pet Restrictions Cats OK, Dogs OK, Number Limit (Two), Yes With Restrictions
Units In Development 5

Lot & Land

MLS® # R3120698
Area Vancouver East
Neighbourhood Victoria VE
City Vancouver
Postal Code V5P 1J5
Gross Taxes 0
Zoning CD-1

Property Timeline

Status Date Price
R3120698 / Active 05-05-2026 $1,099,900
R3106659 / Terminated 03-31-2026 $1,250,000
R3070512 / Expired 09-24-2025 $1,250,000
R3052744 / Ghost 09-24-2025 $1,250,000
Rooms
Floor Type Dimensions
Main Level Living Room 13'4 x 13'4 ft
Main Level Dining Room 9'11 x 9'11 ft
Main Level Kitchen 9'11 x 9'11 ft
Main Level Pantry 3'0 x 3'0 ft
Above Level Primary Bedroom 11'0 x 11'0 ft
Above Level Bedroom 7'11 x 7'11 ft
Above Level Bedroom 8'1 x 8'1 ft
Bathrooms
Floor Ensuite Pieces
Above Level Yes #4
Above Level No #3
Main Level No #2

Listed by: Oakwyn Realty Ltd. & Oakwyn Realty Ltd. & Oakwyn Realty Ltd.

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

Secondary
Gladstone Secondary School
1.66 km
Elementary
G. T. Cunningham Elementary School
Average
0.41 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
Corpus Christi School
Above Average
0.82 km
10/10
Secondary
Vancouver Formosa Academy
1.06 km

Closest Transit

Bus Stop
Eastbound E 41 Ave @ Gladstone St
0.11 km
Skytrain
Skytrain @ 29Th Av Stn
1.58 km

Crime Rate

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

Demographics

Post-Secondary Education
Below Average
22.1%
No Certificate/Degree
Above Average
26.7%
Owner Occupied
Below Average
43.2%
Employment Rate
Above Average
72.2%

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

Sell Speed & Competition

No data
Overall sell-speed score
Moderate pace expected
Price competition grade
No comparable data
Market conditions
Market conditions unavailable
Flood Risk (FEMA/BC)
Unlikely — not in floodplain
Railway / Skytrain noise
Unlikely — 1.58 km from station
Road / Highway noise
Possible — major road nearby
Airport noise (YVR)
Unlikely
Power lines proximity
Unlikely
ALR (Agricultural Land Reserve)
No — not in ALR
How VICTORIA VE compares
This property
65 DOM
Listed
Victoria VE avg
Vancouver avg

5 2240 E 40th Avenue has a sell-speed score of 50/100, placing it in the "Expected to sell at a moderate pace" band. The listing is has limited comparable pricing data available. Based on these signals, EstateBlock predicts this listing is may take several weeks to attract serious offers.

Climate Risk for V5P 1J5

Natural hazards vary by location and can change over time. The following provides a summary of potential impacts to this area, postal code V5P 1J5, 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 (~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 5 2240 E 40th Avenue

Pre-computed routes from 5 2240 E 40th Ave, Vancouver, BC

By transit (Skytrain)

  • Downtown Vancouver via 29th Ave → Waterfront
    35 min
  • Metrotown, Burnaby via 29th Ave → Metrotown
    27 min
  • SFU Burnaby via 29th Ave → Production Way
    42 min
  • Richmond Centre via 29th Ave → Brighouse
    60 min
  • YVR Airport via 29th Ave → YVR-Airport
    61 min

By car (off-peak)

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

Calculate your commute

5 2240 E 40th Ave, Vancouver, BC is ideally located for commuters. The property is 1.6 km from 29th Ave, with a 35 min SkyTrain ride to Downtown Vancouver (Waterfront Station). The closest bus stop is Eastbound E 41 Ave @ Gladstone St (0.11 km). Walk Score Transit rating: Good Transit (68/100).

Walkability & Transit Near 5 2240 E 40th Avenue

Walk Score Badge
Car-Dependent 91

Walk Score - Walker's Paradise

Daily errands do not require a car
Transit Score Badge
Some Transit 68

Transit Score - Good Transit

Many nearby public transportation options
Bike Score Badge
Somewhat
Bikeable
69

Bike Score - Bikeable

Some bike infrastructure

Mortgage Calculator for 5 2240 E 40th Avenue

/month
Principal & Interest
Property Taxes $0
Maintenance fee 354.29
Financing 80% of the $1,099,900 asking price over 30 years at 4% results in approximately $4,555/month in total estimated carrying costs, $354 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 $3,134/month in rental income, leaving a -$1,468/month cashflow at current carrying costs. Investors targeting break-even would need roughly 48% down.
All figures are informational estimates by EstateBlock.com; actual mortgage payments and insurance rates vary by many factors.

Price vs Neighbourhood Average — Victoria VE, Vancouver

Beds Home Types Square Feet Lot Size Year Built
This Home $1,099,900
Vancouver Loading...
Victoria VE Loading...

Based on 5 comparable active townhouses in Victoria VE, the average asking price is $1,112,983. This listing is priced 1.2% 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 5 2240 E 40th Avenue

Walk Score Badge
Car-Dependent 91

Walk Score - Walker's Paradise

Daily errands do not require a car
Transit Score Badge
Some Transit 68

Transit Score - Good Transit

Many nearby public transportation options
Bike Score Badge
Somewhat
Bikeable
69

Bike Score - Bikeable

Some bike infrastructure

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