553 8575 RIVERGRASS DRIVE
Vancouver · MLS® R3152458
2 bed · 2 bath · 831 sq ft · 1 parking
Condo · Single Family · built 2022 · 64 days on market
Listed by Jackson Ng, RE/MAX Crest Realty
Realtor's description
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!
Property details
- Type
- Condo, Single Family
- Bedrooms
- 2
- Bathrooms
- 2
- Living area
- 831 sq ft
- Parking
- 1
- Year built
- 2022
- Property tax
- $2,485 / yr
- Strata fee
- $474 / mo ($0.57 / sq ft)
- Strata rules
- Pets Allowed
- Days on market
- 64
- MLS®
- R3152458
Features
- Central location
- Elevator
- Pets Allowed
- All
Monthly cost
20% down at 4.34% fixed (Ratehub.ca), 25 years; tax from the listing; strata fee from the listing.
If you rented it out
- Rent
- $2,359/mo
- After all costs
- −$1,704/mo
- Cap rate
- 2.4%
- yearly net rent ÷ price
Costs: mortgage $3,159 · tax $207 · strata $474 · insurance ~$35 · vacancy 3% · upkeep 5%.
Rent starts at CMHC's average for a 2-bedroom in Southeast Vancouver, Vancouver (CMHC Rental Market Survey, October 2025). Averages include long-time tenants, so new leases usually ask more; houses usually rent for more than apartments. 25-year mortgage; rental purchases need at least 20% down.
BC rules for landlords
- Short-term rentals are limited to the host's principal residence in most communities. gov.bc.ca
- Rent increases are capped once a year at the province's set amount. gov.bc.ca
- The speculation and vacancy tax applies in many areas to homes not lived in or rented out. gov.bc.ca
- Vancouver also charges an empty homes tax. vancouver.ca
- Selling within two years of buying can trigger the BC home flipping tax. gov.bc.ca
Location
Schools
Catchment schools, Vancouver School Board
- Elementary Champlain Heights Elementaryhomes in this catchment
1.7 km away · 6955 Frontenac St, Vancouver · 604-713-4760
- Secondary Killarney Secondaryhomes in this catchment
2.5 km away · 6454 Killarney St, Vancouver · 604-713-8950
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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