5028 Payne Street, Vancouver, V5R 4J6 — photo 1

$4,590,000

5028 Payne Street, Vancouver, V5R 4J6
Active
4 Bedrooms 4 Bathrooms 1,960 sqft Built 2000 Residential

About This Property

Developers and Investors! Fantastic opportunity in Vancouver’s Transit-Oriented Development (TOD) Tier 1 zone. This single-family home is ideally located just 200 metres from Joyce-Collingwood SkyTrain Station. Under new provincial legislation, the property qualifies for a multi-family development of up to 20 storeys, making it an exceptional site for high-density redevelopment.

Fireplace

Property Details

MLS #

R3015540

Status

Active

Type

Residential

Sub-type

Single Family Residence

Ownership

Freehold NonStrata

Zoning

RM-9BN

Bedrooms

4

Full Baths

4

Half Baths

0

Kitchens

1

Fireplaces

1

Living Area

1,960 sqft

Main Floor

980 sqft

Above Main

980 sqft

Lot Size

3,504.71 sqft

Lot Dimensions

33.33 x 105.4

Frontage

33.33

Year Built

2000

Age

25 years

Roof

Asphalt

Construction

Frame Wood, Stucco

Structure

Residential Detached

Parking Stalls

3

Garage Spaces

3

Parking Type

Garage Triple, Rear Access

Original Price

$4,590,000

Taxes

$7,553.62/yr

Listed

2025-06-13

MLS Area

Collingwood VE

City

Vancouver

Postal Code

V5R 4J6

Features & Finishes

Heating

Hot Water · Radiant

Appliances

Washer/Dryer · Dishwasher · Refrigerator · Stove

Fireplace

Gas

Patio / Porch

Patio

Exterior Features

Private Yard

Building & Community

Transit

STEPS

Schools

CLOSE

Lot Features

Central Location, Near Golf Course, Recreation Nearby

Fencing

Fenced

Water Source

Public

Sewer

Public Sewer, Sanitary Sewer, Storm Sewer

Utilities

Electricity Connected, Natural Gas Connected, Water Connected

Community

Shopping Nearby

Disclosures

Property Disclosure

Yes

Coordinates: 49.238888, -123.029597 · Map data © Google

5.3

Above Market

Deal Score out of 10

Priced above comparable sales — may have room to negotiate.

Value vs market145% above market — check if justified
Days on market326 days — significantly stale, strong negotiation position
Price historyNo price reduction — seller firm on price
Market conditionsBuyer's market — avg 97% of ask
Draft CPS Offer

Offer Advisor

High confidence

Suggested Offer

$4,337,850

5.5% below asking price

Negotiation Range

$4,223,100$4,406,700

$183,600 spread

$4,223,100$4,590,000 ask

Based on 82 recent sales, a starting offer around $4,337,850 (5.5% below ask) is reasonable. Your negotiation range is $4,223,100 – $4,406,700.

What's factored in

Market baseline82 recent Vancouver sales closed at median 96.8% of list price
Extended market time326 days listed — well above market avg of 175 days, increased negotiation leverage
Above-average DOM326d vs market avg of 175d — property may have a pricing or condition issue

Based on 82 residential sales in Vancouver (last 60 days) · Updated May 4

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