$2,990,000

437 W 40TH AVENUE

Vancouver · MLS® R3137557

4 bed · 2 bath · 2,118 sq ft · 6,314 sq ft lot · 2 parking

House · Single Family · built 1948 · 113 days on market

Listed by Winnie Lam, Sutton Group - Vancouver First Realty

Realtor's description

Attention Builders, Investors, and End Users! Exceptional opportunity in the highly sought-after Queen Blizabeth Park neighbourhood. Situated on a sunny south-facing, high-side level lot, this well-maintained family home offers tremendous potential to live, hold, renovate, or build. Prime West Side location just steps to the brand new Oakridge Park, parks, schools, and amenities. Enjoy convenient access to the Canada Line with direct connections to Downtown Vancouver, Richmond, and YVR Airport. Located on a quiet, tree-lined street surrounded by quality homes in one of Vancouver's most desirable communities. Rare opportunity in a prestigious neighbourhood.

Property details

Type: House, Single Family
Bedrooms: 4
Bathrooms: 2
Living area: 2,118 sq ft
Lot: 6,314 sq ft
Parking: 2
Year built: 1948
Property tax: $12,976 / yr
Days on market: 113
MLS®: R3137557

Features

Central location

Price check

2026 assessment: $2,830,000 · asking is +5.7%
Price per sq ft: $1,412 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 113 days · no price changes so far

The market here

Listed now: 55 days; median for 1822 houses for sale; this one 113 days

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

Property tax by year

Year	Assessed	Est. tax
2026	$2,830,000	$9,516

The listing shows $12,976 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

$14,108/mo

Mortgage $13,027 · Tax $1,081

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

estimated payment

$13,027/ monthly

loan $2,392,000

25-year amortization

down payment20% · $598,00020%+ 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: $1,516,143
property transfer tax: $67,700; BC general rate
cash to close: $665,700; down + PTT
total paid: $3,908,143

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: 586 m² (6,308 sq ft) · PID 010-681-639. From ParcelMap BC; property lines are approximate, a survey is the legal boundary.

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Location

VancouverGoogle Maps ↗

Schools

Catchment schools, Vancouver School Board

Elementary Van Horne Elementaryhomes in this catchment
600 m away · 5855 Ontario St, Vancouver · 604-713-4965
Secondary Eric Hamber Secondaryhomes in this catchment
1.0 km away · 960 W. 33rd Avenue, Vancouver · 604-713-8927

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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