5045 Payne Street, Vancouver, V5R 4J5 — photo 1

$3,200,000

5045 Payne Street, Vancouver, V5R 4J5
Active
6 Bedrooms 5 Bathrooms 2,084 sqft Built 2012 Residential
1 Listing Signal Detected
Renovation RequiredNote

Likely needs work. Get contractor quotes before making an offer — renovation costs can exceed expectations.

About This Property

Excellent location just steps to Joyce Skytrain Station. The main house has 3 bedrooms + 2 full bathrooms, with 2 bedrooms + 1 bathroom and 1 bedroom + 1 bathroom mortgage helper. 1 bedroom laneway house. Potential future high rise development. This property is part of a 5 lots land assembly located on Joyce Collingwood Area (5019–5039). Joyce Collingwood Station Precinct Plan 4.5 FSR – 14 Storey.

Licensed Suite,Unauthorized SuiteFireplace

Property Details

MLS #

R3007110

Status

Active

Type

Residential

Sub-type

Single Family Residence

Style

Laneway House

Ownership

Freehold NonStrata

Zoning

R1-1

Bedrooms

6

Full Baths

5

Half Baths

0

Kitchens

2

Fireplaces

1

Living Area

2,084 sqft

Main Floor

879 sqft

Above Main

914 sqft

Lot Size

3,267 sqft

Lot Dimensions

33 x 99.00

Frontage

33

Year Built

2012

Age

14 years

Roof

Asphalt

Construction

Frame Wood, Mixed (Exterior), Wood Siding

Structure

Residential Detached

Parking Stalls

1

Parking Type

Detached, Lane Access, Asphalt

Original Price

$3,500,000

Taxes

$6,917.64/yr

Listed

2025-05-23

MLS Area

Collingwood VE

City

Vancouver

Postal Code

V5R 4J5

Features & Finishes

Heating

Radiant

Flooring

Laminate · Mixed · Tile

Appliances

Washer/Dryer · Dishwasher · Refrigerator · Stove

Fireplace

Gas

Patio / Porch

Sundeck

Exterior Features

Balcony

Building & Community

Lot Features

Central Location, Lane Access, Recreation Nearby

Fencing

Fenced

Water Source

Public

Sewer

Community, Sanitary Sewer, Storm Sewer

Utilities

Electricity Connected, Natural Gas Connected, Water Connected

Disclosures

Property Disclosure

Yes

Coordinates: 49.238555, -123.030383 · Map data © Google

6.4

Fair Market

Deal Score out of 10

Priced at or near market value in current conditions.

Value vs market61% above market — check if justified
Days on market347 days — significantly stale, strong negotiation position
Price historyPrice dropped 9% from original ask — seller showing motivation
Market conditionsBuyer's market — avg 97% of ask
Draft CPS Offer

Offer Advisor

High confidence

Suggested Offer

$3,021,521

5.6% below asking price

Negotiation Range

$2,941,521$3,069,521

$128,000 spread

$2,941,521$3,200,000 ask

Based on 84 recent sales, a starting offer around $3,021,521 (5.6% below ask) is reasonable. Your negotiation range is $2,941,521 – $3,069,521.

What's factored in

Market baseline84 recent Vancouver sales closed at median 96.8% of list price
Price already reducedSeller dropped from 9% off original ask — indicates motivation
Extended market time347 days listed — well above market avg of 175 days, increased negotiation leverage
Above-average DOM347d vs market avg of 175d — property may have a pricing or condition issue

Based on 84 residential sales in Vancouver (last 60 days) · Updated May 5

Schedule a Viewing

Contact us to arrange a private showing of this property.

Your information is kept private and never shared with third parties.

Ask a Question

Have questions about this listing? We'll get back to you quickly.

Your information is kept private and never shared with third parties.

More Homes in Collingwood VE

Chat with us