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$8,300,000

481 W 40TH AVENUE

Vancouver BC V5Y 2R5 - Cambie

4 bd

2 ba

2,075 sqft

Built 1949

About This Property

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…

Property Details

MLS NumberR3141624

Property TypeSingle Family Residence

Bedrooms4

Bathrooms2

Square Feet2,075

Lot Size6,539.12 sqft

Year Built1949

Parking Spaces1

Days on Market97

StatusActive

Listed ByRE/MAX Crest Realty

School Catchment

Elementary Van Horne

Secondary Hamber

Neighbourhood

Highlighted area = this home's census tract (StatCan), the boundary the neighbourhood stats describe.

$1,800,000Median home value

$91,000Median household income

58.1%Owner-occupied

27%Single-detached homes

2.4Avg household size

42.4Median age

56.1%Bachelor's degree or higher (25-64)

56.7%Commute under 30 min

59.5%Drive to work

39%Foreign-born residents

5,611Neighbourhood population

Age

Under 1512.1%
15 to 6466.1%
65 and over21.8%

Household size

1 person32.8%
230.6%
316.6%
413.2%
5 or more6.8%

Language spoken at home

52.8% English mother tongue

Cantonese12.9%
Mandarin6.5%
English + other4.3%
Tagalog3.3%
Spanish1.7%
Vietnamese1.6%
All others16.9%

Mother tongue, share of 5,525 residents.

How this pocket differs

more seniors 65+ than Cambie 21.8% vs 17.7%
more Tagalog speakers than Cambie 3.3% vs 2.2%
more Cantonese speakers than Cambie 12.9% vs 10.3%
Median dwelling value is notably higher than Metro Vancouver $1,800,000 vs $1,050,000

Source: Statistics Canada, Census of Population, 2021. Reproduced and distributed on an "as is" basis with the permission of Statistics Canada.

Land & Development

Lot size6,498 sqft

Lot dimensions51 × 96 ft

Lot shapeIrregular

Transit-oriented potential (Bill 47 / TOA)

Transit areaTier 2within 400 m of a station

Max density4 FAR

Max height12 storeys

Est. buildable~25,907 sqft

Nearest stationOakridge-41st Avenue Station212 m away

Within a provincially designated Transit-Oriented Area, this lot may support up to 4 FAR / 12 storeys regardless of base zoning. Provincial minimums and approximate — municipal rezoning, servicing and parking standards still apply.

Approximate lot lines (ParcelMap BC)

Zoning, lot dimensions and grade are approximate, from public data, and for reference only — verify with the City / Township of Langley before relying on them.