512 5981 GRAY AVENUE

512 5981 GRAY AVENUE · Vancouver, University · Apartment · 2 bed · 2 bath · MLS R3139695

Vancouver, British Columbia · Neighbourhood: University
C$3,400/M
For rent
512 5981 GRAY AVENUE

512 5981 GRAY AVENUE is located in Vancouver (University). Property snapshot: Apartment, 2 bed, 2 bath, MLS R3139695. Compare transit, schools, similar supply, strata/carrying costs and resale liquidity—not just photos and asking price. Current DOM/site exposure: 2. Catchment schools include Norma Rose Point Elementary

MLS: R3139695
Bedrooms: 2
Bathrooms: 2
Interior Size: 810 sqft
Days on Site: 2
Catchment Schools: Catchment schools include Norma Rose Point Elementary Junior, University Hill Secondary
Price History: Listing timeline recorded

Local Decision Guide

How should buyers evaluate 512 5981 GRAY AVENUE?

Start by reading this listing in its Vancouver University 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 type of home is this Vancouver, University listing?

The page shows Apartment, 2 bed, 2 bath at 512 5981 GRAY 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 2 days on market/site. Listing timeline recorded.

Which catchment schools are associated with 512 5981 GRAY AVENUE?

Catchment schools include Norma Rose Point Elementary Junior, University Hill Secondary. Catchment boundaries can change, so buyers should verify with the school district or their realtor before writing an offer.

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

face north toward the Scholars Greenway leading to Michael Smith Park, with a lovely balcony perfect for enjoying quite afternoons. Located centrally in Wesbrook Village, with all daily conveniences, Save-on-Foods supermarket, and banks etc. within easy walking distance. Perfect for a couple or small family attending University Hill Secondary School or UBC. 1Parking & 1Locker included. This building use a third party company 'Enerpro´ to measure the usage of utilities for each suite. Cold water/hot water/heating are NOT included in rent. The tenant will be billed every 2 months. This is tenant´s responsibility to pay. The amount of bill varies depends on how the occupant use them, but last year it averaged about $90/month. For more information & videos, please reply by Email. (id:56153)

Property Details

Apartment
Building Type
2
Bedrooms
2
Bathrooms
2014
Year Built
12 years
Age
2
Days on Site
810 sqft
Interior Size

Complex Name: Sail

Transaction: For rent

Status: active

Listing ID: 29949532 (R3139695)

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Site Context

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Property Summary

Price: C$3,400/M

Days on Site: 2 days

Added to Relistico: 2026-06-24

Updated on: 2026-06-24 04:02 PM PDT

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Lot info

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

Schools

Norma Rose Point Elementary Junior ELEMENTARY
Vancouver, BC
Straight-line distance about 1.1 km
University Hill Secondary SECONDARY
Public · School District 39
3228 Ross Dr, Vancouver, BC
Straight-line distance about 392.9 m
Nearby Private Schools
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Includes school names, grades, distance, and available Fraser ranking context.

Nearby Points of Interest

Grocery / Food Access
Save-On-Foods
About 288.7 m away
5945 Berton Avenue, Vancouver
Urban Fare
About 1.5 km away
5380 University Boulevard, Vancouver
Shopping Centres
UBC Farm Market
About 297.4 m away
University Village
About 1.6 km away
Parks / Green Space
Mundell Park
About 105.5 m away
Michael Smith Park
About 217.2 m away

Price History

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

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Last Updated: Wed, 24 Jun 2026 03:03:58 PM PDT

Data Provider: Greater Vancouver REALTORS®

Listing Office: Oak West Realty Ltd.

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