401 1562 W 5TH AVENUE

401 1562 W 5TH AVENUE · Vancouver, False Creek · Apartment · 1 bed · 1 bath · $688,000 · MLS R3131200

Vancouver, British Columbia · Neighbourhood: False Creek
C$688,000
For sale
401 1562 W 5TH AVENUE
Sat Jun 13
02:00 PM - 04:00 PM
Sun Jun 14
02:00 PM - 04:00 PM

401 1562 W 5TH AVENUE is located in Vancouver (False Creek). Property snapshot: Apartment, 1 bed, 1 bath, listed at $688,000, MLS R3131200. Compare transit, schools, similar supply, strata/carrying costs and resale liquidity—not just photos and asking price. Current DOM/site exposure: -. BurnabyHouse Deal Score: 50/100

List Price: $688,000
MLS: R3131200
Bedrooms: 1
Bathrooms: 1
Interior Size: 759 sqft
Days on Market: -
Days on Site: 11
Deal Score: 50/100
Catchment Schools: Catchment schools include Lord Tennyson Elementary, Kitsilano Secondary
Price History: Latest recorded list price 688000.00

Local Decision Guide

How should buyers evaluate 401 1562 W 5TH AVENUE?

Start by reading this listing in its Vancouver False Creek context: price, property type, land or strata setup, age, transit, schools, similar supply, carrying costs and resale liquidity should be considered together, not just photos and asking price.

What should be checked before writing an offer?
  • Recent comparable sales, competing active listings, days on market, price changes and current market pace.
  • Property condition, inspection risk, insurance, financing, tax, title and any disclosure documents.
  • For strata homes, review minutes, contingency reserve, special levies, rental rules and pet bylaws.
How do buyers find land with rebuild or multiplex potential, what should they watch, and how can returns be improved?

To find land with this potential, start with zoning, lot size, frontage, lane or driveway access, servicing, trees, slope, basement conditions, BC Assessment, title restrictions and municipal permits. The highest-return plan is usually not simply the maximum unit count; it is the best balance between approval risk, construction cost, rent or resale pricing, floor-plan efficiency, parking and holding period.

Vancouver listings should separate R1-1, RS, RT, laneway house and multiplex rules during review. R1-1 is an important low-density housing reform signal, but heritage, trees, underground servicing, parking, corner-lot conditions and existing building condition can all change the practical outcome.

Vancouver R1-1 / RS / RT / laneway quick checklist
  • Confirm whether zoning is R1-1, RS, RT or another district.
  • Review laneway house, multiplex, heritage, tree, parking and servicing rules separately.
  • Do not rely on lot size alone; corner-lot conditions, underground servicing and existing building condition can affect the plan.
What does this page not replace?

It does not replace a realtor, lawyer, inspector, mortgage broker, insurance review, tax advice, strata documents, BC Assessment or municipal records. Use it to form better questions, then verify independently.

Listing FAQ

What is the current list price for 401 1562 W 5TH AVENUE?

This page shows a list price of $688,000 with MLS R3131200.

What type of home is this Vancouver, False Creek listing?

The page shows Apartment, 1 bed, 1 bath at 401 1562 W 5TH AVENUE. Buyers should still verify strata/land context, interior size, age and inspection findings.

How long has this listing been on the market?

Current records show about - days on market/site. Latest recorded list price 688000.00.

Which catchment schools are associated with 401 1562 W 5TH AVENUE?

Catchment schools include Lord Tennyson Elementary, Kitsilano Secondary. Catchment boundaries can change, so buyers should verify with the school district or their realtor before writing an offer.

What does the Deal Score of 50/100 mean?

Deal Score is a BurnabyHouse screening score based on list price, assessment, DOM, strata fees, rent yield and area-average signals. It helps with first-pass screening and does not replace inspection, financing, legal or municipal due diligence.

What should buyers check first on this listing?

Start with price, location, property type, land or strata context, condition, schools/transit, recent comparable sales and carrying costs; if redevelopment or multiplex potential matters, also review zoning, lot size, servicing and municipal rules.

How should Vancouver listings be screened for R1-1, RS, RT, laneway and multiplex risk?

Vancouver listings should be checked against R1-1, RS, RT and other zoning, laneway house rules, multiplex rules, heritage, trees, parking, servicing and permits. Block-level and site-level constraints can change the outcome.

Can AI analysis replace professional advice?

No. AI analysis is for faster context and market screening; final decisions should still rely on a realtor, lawyer, inspection, financing, tax and municipal due diligence.

Remarks

This spectacular, beautifully updated PENTHOUSE offers over 750 sqft of open-concept living and an exclusive GIANT rooftop deck with city and mountain views. Enjoy freehold ownership in a well-maintained, rainscreened building. Inside, southern exposure and a large bay window provide abundant natural light. Features include beautiful engineered hardwood, a cozy gas fireplace, in-suite laundry, a spacious bedroom, plenty of storage, and a Juliet balcony. Unwind on your private roof deck, or step outside to explore! Just a 5-min walk to Granville Island, the seawall, the Arbutus Greenway, and Granville St. shops and cafes. Minutes to downtown & YVR. One parking spot included. Move in and enjoy urban living at its best! (id:56153)

Property Details

Apartment
Building Type
1
Bedrooms
1
Bathrooms
1995
Year Built
31 years
Age
11
Days on Site
759 sqft
Interior Size
C$906
Price per Sqft

Transaction: For sale

Status: active

Listing ID: 29843128 (R3131200)

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Site Context

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Includes local area, zoning, floodplain, easement, development activity, and city-level site context signals.

Property Summary

Price: C$688,000

PID: 023-082-526

Days on Site: 11 days

Added to Relistico: 2026-06-02

Updated on: 2026-06-09 12:03 PM PDT

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Lot info

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Includes parcel identifiers, size details, and land and approval context.

Schools

Lord Tennyson Elementary ELEMENTARY
Public · School District 39
1936 10th Ave W, Vancouver, BC
Straight-line distance about 818.3 m
Kitsilano Secondary SECONDARY
Public · School District 39
2706 Trafalgar St, Vancouver, BC
Straight-line distance about 1.8 km
Nearby Private Schools
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Includes school names, grades, distance, and available Fraser ranking context.

Nearby Points of Interest

Grocery / Food Access
No Frills
About 238.2 m away
1688 West 4th Avenue, Vancouver
La Win Supermarket
About 445.6 m away
1702 West Broadway, Vancouver
Shopping Centres
Kids Market
About 490.3 m away
1496 Cartwright Street, Vancouver
Granville Island
About 646.4 m away
Parks / Green Space
6th & Fir
About 114 m away
Granville Loop Park
About 209.6 m away

Price History

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View price changes, listing events, and the full timeline.

BC Assessment

Click the button below to check the government assessment, sales history, and nearby market pricing for this property.
BC Assessment Sales History & Nearby Sales

Community

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Last Updated: Tue, 09 Jun 2026 11:01:20 AM PDT

Data Provider: Greater Vancouver REALTORS®

Listing Office: Heller Murch Realty

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