5 8589 Rivergrass Drive — Vancouver East


$ 1,318,800 FOR SALE MLS# R3181598
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Welcome to Avalon 3 in the heart of River District! This spacious 3-bed, 3.5-bath townhouse offers a thoughtfully designed layout with plenty of natural light and room for the whole family. Enjoy outdoor living with your own private rooftop deck, perfect for relaxing or entertaining. Complete with 2 parking stalls (1 EV) and a storage locker. Residents enjoy access to great amenities including a gym, sauna, outdoor lounge, and party rooom. Nestled in a quiet, walkable community, just steps from parks, playgrounds, and everyday conveniences, with easy access to transit and major routes. Experience the best of River District living!
MLS® ReciprocityThis representation is based on data supplied under MLS® Reciprocity.
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Property Details

Bedrooms3
Bathrooms4
Living Area1,620 sqft
Property TypeResidential – Townhouse
Style3 Storey
MLS® R3181598
StatusActive
Listing BrokerSutton Group - Vancouver First Realty

Property History

DateMLS #PriceEvent
Mmm 00, 0000 R0000000 $0,000,000 Listed

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Market Overview

South Marine · Vancouver East · Houses

Active PropertiesAll ActiveThis Property
Houses32
Median Asking Price $ 899,000 $ 1,318,800
Median Price per SqFt $688 $814
Median Days on Market 49
Sold Properties Nov 2026Oct 2026Nov 2025
Houses 0 ▼100.0% 1 4
Median Selling Price – ▼100.0% $ 967,500 $ 1,111,750
Median Price per SqFt – ▼100.0% $682 $735
Median Days on Market –4736
Median Discount Off Ask –3.2%3.2%
New Listings 4101
Months of Inventory 17.5

At the current sales pace, it would take about 18 months to sell all the homes currently for sale here — a Buyer's market.

SELLER'S
BALANCED
BUYER'S

More homes are for sale than there are buyers, so buyers tend to have more choice and more room to negotiate on price.

What's this?

Months of inventory = the number of homes currently for sale ÷ the average number sold per month recently. As a rule of thumb, under 5 months favours sellers, 5–8 is balanced, and over 8 favours buyers.

South Marine: Number of Sales

South Marine: Median Sold Price

South Marine: Median Sold Price per SqFt

Aggregate market statistics from the MLS® for South Marine. Figures are medians and may reflect small sample sizes in a single neighbourhood. Not an appraisal — ask a team member to verify.