5578 Elizabeth Street, Vancouver, V5Y 3J9 — photo 1

$4,198,000

5578 Elizabeth Street, Vancouver, V5Y 3J9
Active
7 Bedrooms 5 Bathrooms 3,937 sqft Built 2015 Residential

About This Property

Custom-built luxury home located in the highly sought-after Cambie neighborhood. Just steps to Queen Elizabeth Park, Oakridge Centre, the Canada Line, the new Eric Hamber Secondary, and Hillcrest Community Centre. This beautifully crafted residence features top-quality finishing throughout, including air conditioning, HRV system, marble and granite accents, hardwood flooring, Sub-Zero fridge, and a gas cooktop. Impressive 10'6 ceilings on the main floor, 9' ceilings upstairs, and 10' ceilings in the basement create a bright, open atmosphere. The upper level offers three generously sized ensuites. The lower level includes a separate 4-bedroom suite with its own kitchen and laundry. Hurry, won't last! Move in and the land value will increasing all the time in the Oakridge circle.

Fireplace

Property Details

MLS #

R3031592

Status

Active

Type

Residential

Sub-type

Single Family Residence

Ownership

Freehold NonStrata

Zoning

RS-1

Bedrooms

7

Full Baths

5

Half Baths

0

Kitchens

3

Fireplaces

1

Living Area

3,937 sqft

Main Floor

1,388 sqft

Above Main

1,145 sqft

Basement

1,404 sqft fin.

Lot Size

5,520 sqft

Lot Dimensions

48 x 115

Frontage

48

Year Built

2015

Age

11 years

Roof

Asphalt

Construction

Frame Wood, Mixed (Exterior), Stucco

Structure

Residential Detached

Parking Stalls

5

Garage Spaces

3

Parking Type

Garage Triple, Rear Access, Garage Door Opener

Original Price

$4,680,000

Taxes

$15,095.2/yr

Listed

2025-07-28

MLS Area

Cambie

City

Vancouver

Postal Code

V5Y 3J9

Features & Finishes

Heating

Natural Gas · Radiant

Cooling / A/C

Air Conditioning

Flooring

Hardwood · Tile

Appliances

Washer/Dryer · Dishwasher · Refrigerator · Stove

Fireplace

Electric

Security

Smoke Detector(s) · Fire Sprinkler System

Patio / Porch

Patio · Deck

Windows

Window Coverings

Exterior Features

Balcony

Building & Community

Water Source

Public

Sewer

Public Sewer, Sanitary Sewer

Utilities

Community, Electricity Connected, Natural Gas Connected, Water Connected

Disclosures

Property Disclosure

Yes

Coordinates: 49.234875, -123.111698 · Map data © Google

7.0

Good Value

Deal Score out of 10

Priced competitively with some negotiation potential.

Value vs market12% above market $/sqft
Days on market281 days — significantly stale, strong negotiation position
Price historyPrice dropped 10% from original ask — seller showing motivation
Market conditionsBuyer's market — avg 97% of ask
Draft CPS Offer

Offer Advisor

High confidence

Suggested Offer

$3,963,568

5.6% below asking price

Negotiation Range

$3,858,618$4,026,538

$167,920 spread

$3,858,618$4,198,000 ask

Based on 84 recent sales, a starting offer around $3,963,568 (5.6% below ask) is reasonable. Your negotiation range is $3,858,618 – $4,026,538.

What's factored in

Market baseline84 recent Vancouver sales closed at median 96.8% of list price
Price already reducedSeller dropped from 10% off original ask — indicates motivation
Extended market time281 days listed — well above market avg of 175 days, increased negotiation leverage
Above-average DOM281d 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

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