Vancouver Dossier

5561 Olympic St, Vancouver, BC

A freehold property, built 1931 on a 678 m² R1-1 lot. Older than 67% of the buildings on Olympic St.

Assessed 2026

$3,034,900

Zoning

R1-1

Lot

≈ 678 m²

Built

1931

2 to check6 notes2 clear

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What the records show for 5561 Olympic St

Note

R1-1 lot: fits a duplex, up to 2 suites

Free preview

What the record says: Lot about 678 m², 20.4 m wide and 33.8 m deep, measured from the City lot outline. Rear lane: not found.
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.

The full report explains every finding like this one.

Check

Built 1931: 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

No building permits on record since 2017

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 $3,034,900, +9% 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

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

Part of a full report: what each record says, what it means and what to do

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What the record says, with its date and number
What it means for a buyer
What to ask the seller and your realtor
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Street view

About 5561 Olympic St

Assessed at $3,034,900 for 2026 (−11% on 2025). Assessed higher than 49% of the houses on Olympic St. The land is 97% of the value. The lot is larger than 79% of the lots in Dunbar-Southlands. School catchment: Southlands Elementary and Point Grey Secondary.

Read every record and what to do next

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 5561 Olympic St

2026$3,034,900

Up 9% since 2021

Permits on this lot · none since 2017

The City has issued no building permits for this lot since 2017.

The lot and zoning

Area≈ 678 m²

Rear laneNo lane found

Frontage and depth

What the zoning allows

Schools and parks near 5561 Olympic St

Elementary catchmentSouthlands Elementary

Secondary catchmentPoint Grey Secondary

Southlands Elementary618 m

Crofton House962 m

Kerrisdale Annex976 m

Musqueam Park728 m

How catchments work

Transit near 5561 Olympic St

Nearest SkyTrain: YVR-Airport (Canada Line)4.7 km

Eastbound W 41 Ave @ Wallace St · 41, 49135 m

Westbound W 41 Ave @ Holland St · 41, 49234 m

Dunbar Loop bus loop · 2, 7, 41, 49, N22, R4272 m

Bus routes within 400 m: 2, 7, 41, 49, N22, R4

Street, trees and terrain

City street trees in front1 · Commom Chokecherry

Ground elevation≈ 35 m above sea level

Slope across the lotGentle slope, about 3 m

Nearest arterial roadW 41st Ave, 123 m

Truck route123 m

Crime near 5561 Olympic St

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: 5 new-building permits and 4 demolition permits.

New buildings nearby:

Rezoning applications within 800 m: in the full report.

In Dunbar-Southlands, the City issued 199 new-building permits and 126 demolition permits in the last two years. About the neighbourhood

Questions about 5561 Olympic St

What is 5561 Olympic St assessed at?

$3,034,900 for 2026, from BC Assessment through the City’s property tax report.

When was 5561 Olympic St built?

In 1931, according to BC Assessment. A major improvement is recorded in 1960.

What is the zoning of 5561 Olympic St?

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

What can be built at 5561 Olympic St?

Under R1-1 the lot appears to fit a duplex, up to 2 suites. No rear lane was found, so a laneway home is unlikely. More

Is 5561 Olympic St in a floodplain?

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

Is 5561 Olympic St on the Heritage Register?

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

Can 5561 Olympic St 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 5561 Olympic St had?

None since 2017, when the City’s open permit records begin. More

Which schools serve 5561 Olympic St?

Elementary: Southlands Elementary. Secondary: Point Grey Secondary. Placement depends on space: confirm with the school.

How far is the nearest SkyTrain station from 5561 Olympic St?

YVR-Airport Station is 4.7 km away in a straight line.

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Other addresses on Olympic St

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