513 - 5983 Gray Avenue, Vancouver, V6S 0G8 — photo 1

$1,168,000

513 - 5983 Gray Avenue, Vancouver, V6S 0G8
Active
3 Bedrooms 2 Bathrooms 987 sqft Built 2013 Residential
1 Listing Signal Detected
Leasehold LandHigh

Land is leased, not owned. Review lease terms carefully before proceeding.

About This Property

Located in the heart of Wesbrook Village at UBC, this rarely available 3-bedroom, 2-bathroom corner unit at SAIL by renowned developer Adera offers a perfect blend of luxury, comfort, and convenience. Surrounded by lush green space, fountains, and a tranquil courtyard, the home features a bright and functional layout with 996 SF of living space . Floor-to-ceiling windows and 9ft ceilings,In-floor radiant heating throughout,steps from the UBC campus, University Hill Secondary School, community centre, shops, restaurants, parks, groceries, medical clinics, and transit . Don't miss? open April 11(Sat) 3:45-5pm.

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Property Details

MLS #

R3025603

Status

Active

Type

Residential

Sub-type

Apartment/Condo

Ownership

Leasehold prepaid-Strata

Zoning

RES

Bedrooms

3

Full Baths

2

Half Baths

0

Kitchens

1

Living Area

987 sqft

Main Floor

987 sqft

Lot Dimensions

0 x 0.0

Frontage

0

Stories

6

Year Built

2013

Age

13 years

Construction

Frame Wood, Mixed (Exterior), Wood Siding

Structure

Multi Family, Residential Attached

Parking Stalls

1

Parking Type

Underground, Front Access, Garage Door Opener

Facing

Northwest

Original Price

$1,260,000

Strata Fee

$484.65/mo

Taxes

$1,902.1/yr

Listed

2025-07-08

MLS Area

University VW

City

Vancouver

Postal Code

V6S 0G8

Features & Finishes

Heating

Radiant

Flooring

Laminate · Tile · Wall/Wall/Mixed

Appliances

Washer/Dryer · Dishwasher · Refrigerator · Stove

Laundry

In Unit

Interior Features

Elevator

Exterior Features

Garden · Balcony

Building & Community

Total Units

77

Pets

Cats OK, Dogs OK, Yes With Restrictions

Restrictions

Pets Allowed w/Rest.,Rentals Allowed

Strata Mgmt Co.

Associa BC

Strata Mgmt Phone

604-591-6060

View

BEAUTIFUL WATER PARK

Lot Features

Central Location, Near Golf Course, Recreation Nearby

Water Source

Public

Sewer

Public Sewer, Sanitary Sewer, Storm Sewer

Utilities

Electricity Connected, Water Connected

Community

Shopping Nearby

Building Amenities

Bike Room · Trash · Maintenance Grounds · Management · Sewer · Snow Removal

Disclosures

Property Disclosure

Yes

Coordinates: 49.252291, -123.235207 · Map data © Google

6.4

Fair Market

Deal Score out of 10

Priced at or near market value in current conditions.

Value vs market24% above market — check if justified
Days on market300 days — significantly stale, strong negotiation position
Price historyPrice dropped 7% from original ask — seller showing motivation
Market conditionsBuyer's market — avg 97% of ask
Draft CPS Offer

Offer Advisor

High confidence

Suggested Offer

$1,103,495

5.5% below asking price

Negotiation Range

$1,074,295$1,121,015

$46,720 spread

$1,074,295$1,168,000 ask

Based on 82 recent sales, a starting offer around $1,103,495 (5.5% below ask) is reasonable. Your negotiation range is $1,074,295 – $1,121,015.

What's factored in

Market baseline82 recent Vancouver sales closed at median 96.8% of list price
Price already reducedSeller dropped from 7% off original ask — indicates motivation
Extended market time300 days listed — well above market avg of 175 days, increased negotiation leverage
Above-average DOM300d 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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