553 8575 Rivergrass Dr, Vancouver BC - Apartment/Condo for Sale - MLS# R3128865

$739,900
Est. Mortgage $3,273/mo
Avalon 3
2 Beds
2 Baths
831 sqft
890 $ /sqft
473.66 $ Maint. fee
2022 built
$739,900
Est. $3,273/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 553 8575 Rivergrass Drive

Experience elevated living at Avalon 3 by Wesgroup, located in the heart of Vancouver’s vibrant River District. This bright & airy 2-bedroom, 2-bath residence boasts an open-concept layout with soaring ceilings & contemporary wide-plank flooring throughout. The chef-inspired kitchen showcases premium JennAir appliances, sleek quartz countertops, & an oversized island perfect for casual dining or entertaining. Designed for year-round comfort, the home features efficient heating & cooling with integrated air conditioning. Includes one parking stall. Residents enjoy exclusive access to resort-style amenities including a stunning outdoor pool, hot tub, fully equipped gym, & social lounge. Just steps from trendy eateries, everyday essentials, & picturesque riverside trails!

Interior Features

Basement Finished Area (sqft) 0
Basement Features None
Appliances Included Washer/Dryer, Dishwasher, Refrigerator, Stove, Microwave
Interior Features Elevator, Guest Suite
Fireplace 0
Heating Type Forced Air, Heat Pump
Cooling Central Air, Air Conditioning
Laundry In Unit
# of Kitchens 1
Flooring Laminate, Mixed, Tile
Foundation Concrete Perimeter

Exterior Features

Exterior Features Garden, Playground, Balcony
Roof Other
Structures Multi Family, Residential Attached

Building Details

Price $739,900
Total Bedrooms 2
Total Bathrooms 2
Full Bathrooms 2
Half Bathrooms 0
Floor Area Total (sqft) 831
Year Built 2022
Age Of Building 4
Building Type Apartment/Condo
Property Type Residential
Stories 1
Building Amenities Bike Room, Clubhouse, Exercise Centre, Recreation Facilities, Caretaker, Trash, Maintenance Grounds, Gas, Hot Water, Management, Snow Removal, Water
Building Name Avalon 3
Ownership Type Freehold Strata
Maintenance Fee $473.66
Community Features Shopping Nearby
Amenities Nearby Bike Room, Clubhouse, Exercise Centre, Recreation Facilities, Caretaker, Trash, Maintenance Grounds, Gas, Hot Water, Management, Snow Removal, Water
Utility Type Electricity Connected, Natural Gas Connected, Water Connected
Utility Sewer Public Sewer, Sanitary Sewer
Water (WaterSource) Public
Parking Type Underground, Guest, Garage Door Opener
Total Parking Spaces 1
Strata Restrictions Pets Allowed,Rentals Allowed
Pet Restrictions Cats OK, Dogs OK, Number Limit (Two), Yes
Units In Development 329

Lot & Land

MLS® # R3128865
Area Vancouver East
Neighbourhood South Marine
City Vancouver
Postal Code V5S 0J7
Gross Taxes $2,485.27
Zoning CD-1

Property Timeline

Status Date Price
R3128865 / Active 05-27-2026 $739,900
R3112419 / Terminated 04-15-2026 $739,900
R3096884 / Terminated 03-05-2026 $759,800
R3083627 / Terminated 01-26-2026 $779,800
R3076199 / Terminated 01-05-2026 $799,800
R3072595 / Terminated 12-05-2025 $799,800
R3054961 / Terminated 10-01-2025 $799,800
Rooms
Floor Type Dimensions
Main Level Foyer 5'1 x 5'1 ft
Main Level Kitchen 12'0 x 12'0 ft
Main Level Dining Room 10'8 x 10'8 ft
Main Level Living Room 10'5 x 10'5 ft
Main Level Bedroom 10'6 x 10'6 ft
Main Level Primary Bedroom 9'10 x 9'10 ft
Bathrooms
Floor Ensuite Pieces
Main Level No #4
Main Level Yes #3

Listed by: RE/MAX Crest Realty & 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.

Map & Neighbourhood

Public Schools

Elementary
Champlain Heights Community Elementary School
1.7 km
Secondary
Killarney Secondary School
2.48 km

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

Private Schools

Elementary
Qawsain Knowledge House
3.15 km
Secondary
Vancouver Formosa Academy
3.42 km

Closest Transit

Bus Stop
Eastbound Sawmill Cres @ River District Crossing
0.15 km
Skytrain
Skytrain @ Metrotown Stn
2.88 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

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 — 2.88 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
43 DOM
Listed
South Marine avg
Vancouver avg

553 8575 Rivergrass Drive 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 V5S 0J7

Natural hazards vary by location and can change over time. The following provides a summary of potential impacts to this area, postal code V5S 0J7, 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 (~3.3 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 553 8575 Rivergrass Drive

Pre-computed routes from 553 8575 Rivergrass Dr, Vancouver, BC

By transit (Skytrain)

  • Downtown Vancouver via Metrotown → Waterfront
    56 min
  • Metrotown, Burnaby
    38 min
  • SFU Burnaby via Metrotown → Production Way
    58 min
  • Richmond Centre via Metrotown → Brighouse
    81 min
  • YVR Airport via Metrotown → YVR-Airport
    82 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
    12 min
  • Richmond Centre via No. 3 Rd
    11 min
  • YVR Airport via Bridgeport / Sea Island
    13 min

Calculate your commute

553 8575 Rivergrass Dr, Vancouver, BC is ideally located for commuters. The property is 2.9 km from Metrotown, with a 56 min SkyTrain ride to Downtown Vancouver (Waterfront Station). The closest bus stop is Eastbound Sawmill Cres @ River District Crossing (0.15 km). Walk Score Transit rating: Good Transit (51/100).

Walkability & Transit Near 553 8575 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 — 553 8575 Rivergrass Drive

2026 assessed value, sourced from City of Vancouver open data (PID 031-595-341).
Total Assessed Value (2026)
$780,000
-2.1% YoY
+6.4%/yr over 4 yr
2022 Value Trend 2026
Land
$547,000
Buildings
$233,000
Year Built
N/A
Class
Comprehensive Development
Zoning
CD-1 (566)
Property Tax
$2,624
Year Land Improvements Total Assessed YOY Change
2026 $547,000 $233,000 $780,000
-2.1%
2025 $559,000 $238,000 $797,000
-2.3%
2024 $572,000 $244,000 $816,000
+4.2%
2023 $549,000 $234,000 $783,000
+28.5%
2022 $158,691 $450,590 $609,281

Mortgage Calculator for 553 8575 Rivergrass Drive

/month
Principal & Interest
Property Taxes $207
Maintenance fee 473.66
With a 20% down payment, buyers can expect an estimated $3,507/month in total housing costs on this $739,900 property — $2,826 mortgage payment, $207 property tax, $474 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
Based on $2,600/month estimated rent and $3,567/month in total housing costs, this property has a -$967/month cashflow. Break-even down payment: approximately 48%.
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 $739,900
Vancouver Loading...
South Marine Loading...

Based on 41 comparable active apartments/condos in South Marine, the average asking price is $770,424. This listing is priced 4% 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 $5,279
0 of 38 missions

Sign up on Estateblock.com

$264 / 5.00%

Sign up on EstateBlock.com

$106 / 2.00%

Buy with us & save on this property

Walkability & Transit Near 553 8575 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 553 8575 Rivergrass Drive