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$5,688,000

1198 W 55TH AVENUE

Vancouver · MLS® R3164202

4 bed · 4 bath · 5,739 sq ft · 12,842 sq ft lot · 3 parking

House · Single Family · built 2004 · 29 days on market

Listed by Layla Yang, Dracco Pacific Realty

Realtor's description

Live every day like you're on vacation in this extraordinary custom-built home. Designed with entertaining and relaxation in mind, it combines architectural beauty with resort-style amenities. A striking marble exterior, limestone entry, and intricate wrought iron details create an unforgettable first impression. Inside, marble flooring, soaring ceilings, and artisan finishes set a tone of sophistication. The gourmet kitchen is equipped with top-of-the-line appliances and a catering-ready pantry - perfect for hosting family and friends. Step through grand walnut French doors to your private paradise: a sparkling designer pool, cabana, hot tub, and a secluded waterfall grotto nestled within lush, natural landscaping. Open house: Sep 20(sun), 2-4pm

Property details

Type: House, Single Family
Bedrooms: 4
Bathrooms: 4
Living area: 5,739 sq ft
Lot: 12,842 sq ft
Parking: 3
Year built: 2004
Property tax: $42,724 / yr
Days on market: 29
MLS®: R3164202

Features

Central location
Wet bar
All
Central Vacuum
Oven - Built-In

Price check

Typical for the area (-2.1%)

2026 assessment: $7,346,000 · asking is -23%
Price per sq ft: $991 vs $1,012 median for houses in Vancouver for sale (1712)

An estimate from public BC Assessment records, registered sales and the listings for sale right now, not an appraisal. Condition, renovations, views and lot all move real value.

Property insights

On market 29 days · no price changes so far

The market here

Listed now: 55 days; median for 1822 houses for sale; this one 29 days

Houses in Vancouver. Sale prices register 1 to 3 months after a sale closes.

Property tax by year

Year	Assessed	Est. tax
2026	$7,346,000	$24,702

The listing shows $42,724 a year in property tax.

Estimate: the BC Assessment value times Vancouver's residential tax rate for that year (Province of BC, local government statistics). Leaves out the home owner grant, parcel taxes and utility charges; the city's tax notice is the real figure.

Monthly cost

$28,342/mo

Mortgage $24,782 · Tax $3,560

20% down at 4.34% fixed (Ratehub.ca), 25 years; tax from the listing.

estimated payment

$24,782/ monthly

loan $4,550,400

25-year amortization

down payment20% · $1,137,60020%+ down: no mortgage insuranceinterest rate4.34%Rates from Ratehub.ca (best 5-year fixed and variable), checked Oct 9, 2026. Semi-annual compounding; your lender's rate may differ.amortizationpayment frequency

total interest: $2,884,221
property transfer tax: $202,400; BC general rate
cash to close: $1,340,000; down + PTT
total paid: $7,434,621

Estimates only. Rates change daily and lenders qualify at the stress-test rate; first-time-buyer and newly-built PTT exemptions aren't applied. Talk to a mortgage broker before you offer.

Location

Lot outline: 1,188 m² (12,788 sq ft) · PID 024-832-804. From ParcelMap BC; property lines are approximate, a survey is the legal boundary.

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Location

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Schools

Catchment schools, Vancouver School Board

Elementary Osler Elementaryhomes in this catchment
1.2 km away · 5970 Selkirk St, Vancouver · 604-713-4920
Secondary Sir Winston Churchill Secondaryhomes in this catchment
600 m away · 7055 Heather St, Vancouver · 604-713-8189

From the Vancouver School Board's published catchment maps. A catchment gives priority, not a guaranteed seat, and French immersion and choice programs work differently. The district confirms catchment: check with its school locator.

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