Vancouver Dossier

3988 Valley Dr, Vancouver, BC

A freehold property, built 1957 on a 631 m² R1-1 lot with a rear lane. Older than 80% of the buildings on Valley Dr.

Assessed 2026

$3,083,800

Zoning

R1-1

Lot

≈ 631 m²

Built

1957

3 to check8 notes2 clear

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What the records show for 3988 Valley Dr

Note

R1-1 lot: fits a multiplex, 6 homes (8 if all rental)

Free preview

What the record says: Lot about 631 m², 18.8 m wide and 37.1 m deep, measured from the City lot outline. Rear lane: yes.
What it means: Lot size, width and lane access decide what can be built under R1-1.
What to do: If redevelopment is part of the price, order a survey and ask the City before you remove subjects.

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Check

4 permits on this lot since 2017, 4 in the last 3 years

What it means and what to ask

What the record says, what it means for a buyer and what to ask the seller: for this finding and every other one, in the full report.

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Check

Built 1957: ask about a buried oil tank

What it means and what to ask

What the record says, what it means for a buyer and what to ask the seller: for this finding and every other one, in the full report.

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Check

Combined sewer on this block

What it means and what to ask

What the record says, what it means for a buyer and what to ask the seller: for this finding and every other one, in the full report.

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Note

Rebuilt in 2025 after a demolition

What it means and what to ask

What the record says, what it means for a buyer and what to ask the seller: for this finding and every other one, in the full report.

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Note

A permit is filed under another civic number

What it means and what to ask

What the record says, what it means for a buyer and what to ask the seller: for this finding and every other one, in the full report.

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Note

Assessed at $3,083,800, −1% since 2021

What it means and what to ask

What the record says, what it means for a buyer and what to ask the seller: for this finding and every other one, in the full report.

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Note

Value is almost all land

What it means and what to ask

What the record says, what it means for a buyer and what to ask the seller: for this finding and every other one, in the full report.

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Note

Built before 1990: asbestos survey before renovating

What it means and what to ask

What the record says, what it means for a buyer and what to ask the seller: for this finding and every other one, in the full report.

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Note

10 new buildings and 5 demolitions within 300 m

What it means and what to ask

What the record says, what it means for a buyer and what to ask the seller: for this finding and every other one, in the full report.

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Note

Short-term rentals: only in your principal residence

What it means and what to ask

What the record says, what it means for a buyer and what to ask the seller: for this finding and every other one, in the full report.

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Clear

Not on the Heritage Register

Clear

Outside the City floodplain

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What the record says, with its date and number
What it means for a buyer
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Street view

About 3988 Valley Dr

Assessed at $3,083,800 for 2026 (−12% on 2025). Assessed higher than 27% of the houses on Valley Dr. The land is 99% of the value. Rebuilt after a 2025 demolition. School catchment: Trafalgar Elementary and Prince of Wales Secondary.

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Each finding explained, full permit and value history, questions for the seller and a PDF for your agent.

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Assessment history of 3988 Valley Dr

2026$3,083,800

Down 1% since 2021

Permits on this lot · 4 since 2017

Oct 2025 · New building, single detached house with suite$1,000,000

3 more permits in the full report

The lot and zoning

Area≈ 631 m²

Frontage and depth

What the zoning allows

Schools and parks near 3988 Valley Dr

Elementary catchmentTrafalgar Elementary

Secondary catchmentPrince of Wales Secondary

Trafalgar Elementary362 m

Prince of Wales Secondary665 m

York House Little School847 m

Trafalgar Park163 m

Arbutus Village Park353 m

How catchments work

Transit near 3988 Valley Dr

Nearest SkyTrain: King Edward (Canada Line)3.2 km

Westbound W King Edward Ave @ Valley Dr · 25138 m

Eastbound W King Edward Ave @ Valley Dr · 25146 m

Westbound W King Edward Ave @ Yew St · 25262 m

Bus routes within 400 m: 25

Street, trees and terrain

City street trees in frontNone recorded

Ground elevation≈ 27 m above sea level

Slope across the lotFlat

Nearest arterial roadW King Edward Ave, 131 m

Crime near 3988 Valley Dr

Incidents within 400 m in the last 12 months, by type: in the full report.

Rezoning and development nearby

Within 300 m in the last two years: 10 new-building permits and 5 demolition permits.

New buildings nearby:

Rezoning applications within 800 m: in the full report.

In Arbutus Ridge, the City issued 119 new-building permits and 70 demolition permits in the last two years. About the neighbourhood

Questions about 3988 Valley Dr

What is 3988 Valley Dr assessed at?

$3,083,800 for 2026, from BC Assessment through the City’s property tax report.

When was 3988 Valley Dr built?

In 1957, according to BC Assessment.

What is the zoning of 3988 Valley Dr?

It is zoned R1-1 under the Vancouver Zoning and Development By-law. More

What can be built at 3988 Valley Dr?

Under R1-1 the lot appears to fit a multiplex, 6 homes (8 if all rental). It has a rear lane, which a laneway home needs. More

Is 3988 Valley Dr in a floodplain?

No. It is outside the floodplains designated by the City of Vancouver. More

Is 3988 Valley Dr on the Heritage Register?

No. It is not listed on the Vancouver Heritage Register. More

Can 3988 Valley Dr be rented short term (Airbnb)?

Only as the owner’s or tenant’s principal residence, with a City business licence and a provincial registration number; a second home or investment unit cannot be rented for less than 90 days. More

What building permits has 3988 Valley Dr had?

The City has issued 4 permits since 2017. The latest, from Oct 2025: new building ($1,000,000). More

Which schools serve 3988 Valley Dr?

Elementary: Trafalgar Elementary. Secondary: Prince of Wales Secondary. Placement depends on space: confirm with the school.

How far is the nearest SkyTrain station from 3988 Valley Dr?

King Edward Station is 3.2 km away in a straight line.

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Other addresses on Valley Dr

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Checked against City of Vancouver open data on October 25, 2026. How we check · Data sources · Glossary