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This month’s top bargain properties roundup from Roomvu contains apartments which are assessed below government value and under one million dollars.

When listing prices appear lower than as compared to government value, these incredible value-for-money homes set off alarm bells, demanding to be seen and bought. 

202 – 4542 W 10th Ave: $829K (21% below assessed value)

Image Courtesy of Phil Gustin PREC* via roomvu – real estate marketing

This is a two bedroom, two bathroom condo, listed for sale by agent Phil Gustin PREC* of Sutton Group-West Coast Realty. 

They are asking for $829,000 while the assessed value for this property is $1,047,000.

Features:

• In the heart of West 10th shopping district
• Enclosed sunroom
• Two Juliette balconies

904 – 528 Beatty St: $919K (20% below assessed value)

Image courtesy of Paul Albrighton via  roomvu – real estate marketing

This is a one bedroom, two bathroom condo, listed for sale by agent Paul Albrighton of RE/MAX Crest Realty. 

They are asking for $919,000 while the assessed value for this property is $1,114,400.

Features:

• 635 square foot private rooftop patio with built-in gas fireplace
• Floor to ceiling windows, and extra high 9’3 ceilings
• Air conditioning

430 – 3228 Tupper St: $799K (18% below assessed value)

Image courtesy of Les Twarog via  roomvu – real estate marketing

This is a one bedroom, one bathroom condo, listed for sale by agent Les Twarog of RE/MAX Crest Realty. 

They are asking for $799,000 while the assessed value for this property is $977,000.

Features:

• Quiet, east facing home
• Hardwood floors, wine fridge and electric fireplace
• Comes with one storage space and parking stall

408 – 538 W 45th Ave: $938K (16% below assessed value)

Courtesy of Kingsley Au via  roomvu – real estate marketing

This is a 2 bedroom, 2 bathroom condo, listed for sale by agent Kingsley Au of Regent Park Fairchild Rlty Inc. They are asking for $938,000 while the assessed value for this property is $1,116,000.

Features:

• 9-foot ceilings
• Steps away from Canada Line and liquor store
• Two full bathrooms

401 – 1080 Pacific St: $598K (14% below assessed value)

Courtesy of Trevor B. Kwok via roomvu – real estate marketing

This is a two bedroom, one bathroom condo, listed for sale by agent Trevor B. Kwok of RE/MAX Crest Realty. They are asking for $598,800 while the assessed value for this property is $697,000.

Features:

• Fully renovated in 2015
• Master bedroom has two big closets
• Balcony large enough for a barbecue and table

Another phase of Onni Group’s Pearson Dogwood redevelopment on Vancouver’s Cambie Corridor has advanced to the development permit stage — and it is the most significant phase of the 25-acre project to date.

Plans for 500 West 57th Avenue — the southwest corner of the intersection of Cambie Street and West 57th Avenue — entail three mixed-use towers, with two towers reaching 28 storeys (up to 286 ft), and one shorter tower with 24 storeys.

Site of 500 West 57th Avenue, Vancouver, the Pearson Dogwood redevelopment. (Google Maps)

Site of 500 West 57th Avenue, Vancouver, the Pearson Dogwood redevelopment. (Google Maps)

There will be a total of 741 homes, including 488 market ownership units, 223 secured non-market rental units, and 30 supportive units.

The ownership unit mix is five studio units, 228 one-bedroom units, 231 two-bedroom units, and 24 three-bedroom units, while the rental unit mix is 67 studio units, 46 one-bedroom units, 66 two-bedroom units, and 44 three-bedroom units.

Artistic rendering of 500 West 57th Avenue, Vancouver, the Pearson Dogwood redevelopment. (IBI Group / Pearson Dogwood)

Artistic rendering of 500 West 57th Avenue, Vancouver, the Pearson Dogwood redevelopment. (IBI Group / Pearson Dogwood)

On the ground level, the application calls for 85,000 sq. ft. of retail and restaurant space.

As this corner portion of the redevelopment acts as a gateway into Pearson Dogwood from Cambie Street and is the location of the entrance for the potential additional future Canada Line station at 57th Avenue, it is being given an architectural and public realm treatment that recognizes this.

Artistic rendering of 500 West 57th Avenue, Vancouver, the Pearson Dogwood redevelopment. (IBI Group / Pearson Dogwood)

Artistic rendering of 500 West 57th Avenue, Vancouver, the Pearson DogwArtistic rendering of 500 West 57th Avenue, Vancouver, the Pearson Dogwood redevelopment. (IBI Group / Pearson Dogwood)

The design, by IBI Group, calls for sculpted tower corners and a southwest diagonal pedestrian-only mall that provides a connection between the transit plaza at the intersection corner to the rest of the redevelopment and the new on-site public park space and green spaces.

Retail and restaurants will line the diagonal mall cutting through the corner parcel, helping activate it. The rooftop of the commercial podium will be used as outdoor amenity spaces for residential tenants.

Artistic rendering of 500 West 57th Avenue, Vancouver, the Pearson Dogwood redevelopment. (IBI Group / Pearson Dogwood)

Artistic rendering of 500 West 57th Avenue, Vancouver, the Pearson Dogwood redevelopment. (IBI Group / Pearson Dogwood)

Close to 1,100 vehicle parking stalls are slated for five underground levels.

This phase accounts for 720,000 sq. ft. of the total 3.2 million sq. ft. of floor area on the entire redevelopment, which includes dozens of buildings, close to 3,000 homes of varying types such as market ownership and affordable housing, and over 200,000 sq. ft. of health-related facilities operated by Vancouver Coastal Health.

An additional Canada Line station at 57th Avenue would certainly be an asset for the immense density being added to the Pearson Dogwood and adjacent Langara Gardens redevelopment, but the financial and technical feasibility of constructing an underground station on the existing subway line is in doubt.

Layout of 500 West 57th Avenue, Vancouver, the Pearson Dogwood redevelopment. (Google Maps)

Future location of the possible additional Canada Line station at Pearson Dogwood. (City of Vancouver)