481 W 40th Avenue — Vancouver West


$ 8,300,000 FOR SALE MLS# R3141624
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Prime land value opportunity in the highly sought-after Oakridge neighbourhood. This property offers a livable and tenanted home with approx 2,082 sqft of living space, including a basement with 4 bedrooms and 2 bathrooms. Sold "As Is, Where Is," this is an exceptional holding, investment, or future redevelopment opportunity. Conveniently located at Cambie Corridor and minutes from Oakridge Park, Queen Elizabeth Park, Langara Golf Course, and VanDusen Botanical Garden, with shopping, restaurants, and daily amenities nearby. Easy access to the Canada Line at Oakridge–41st Ave Station and major bus routes. School catchment: Sir William Van Horne Elementary, Eric Hamber Secondary, and Langara College, all within 5-min drive.
MLS® ReciprocityThis representation is based on data supplied under MLS® Reciprocity.
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Property Details

Bedrooms4
Bathrooms2
Living Area2,075 sqft
Lot Area6,539 sqft
Property TypeResidential – Single Family Residence
MLS® R3141624
StatusActive
Listing BrokerRE/MAX Crest Realty

Property History

DateMLS #PriceEvent
Mmm 00, 0000 R0000000 $0,000,000 Listed
1 event on record for this property

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Market Overview

Cambie · Vancouver West · All Homes

Active PropertiesAll ActiveThis Property
All Homes198
Median Asking Price $ 1,655,000 $ 8,300,000
Median Price per SqFt $1,224 $4,000
Median Days on Market 75
Sold Properties Aug 2026Jul 2026Aug 2025
All Homes 0 ▼100.0% 6 26
Median Selling Price ▼100.0% $ 2,848,000 $ 1,453,000
Median Price per SqFt ▼100.0% $1,325 $1,274
Median Days on Market 1515
Median Discount Off Ask 0.0%2.3%
New Listings 25433
Months of Inventory 20.1

At the current sales pace, it would take about 20 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.

Cambie: Number of Sales

Cambie: Median Sold Price

Cambie: Median Sold Price per SqFt

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