38 W 40th Ave, Vancouver, BC

A freehold property, built 2014 on a 372 m² R1-1 lot with a rear lane. Newer than 95% of the buildings on W 40th Ave.

Assessed 2026
$3,265,000
Zoning
R1-1
Lot
≈ 372 m²
Built
2014
1 to check3 notes2 clear
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What the records show for 38 W 40th Ave

Note

Short-term rentals: only in your principal residence

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What the record says
City licences: 224 active short-term rental licences in Riley Park in 2026. The City does not publish their addresses.
What it means
In Vancouver you can rent short term (Airbnb and the like) only the home you live in, with a City licence; a strata can ban it entirely. Do not count on short-term rental income from a second home.
What to do
If rental income matters, read the City’s short-term rental rules and ask about the rules for secondary suites.

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R1-1 lot: fits a multiplex, 3–4 homes, borderline

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

1 permit on this lot 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 $3,265,000, +10% 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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Clear

Not on the Heritage Register

Clear

Outside the City floodplain

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Street view

About 38 W 40th Ave

Assessed at $3,265,000 for 2026 (−7% on 2025). Assessed higher than 83% of the houses on W 40th Ave. 1 building permit since 2017. The latest, from Nov 2017: addition or alteration, single detached house with suite ($4,500). School catchment: Van Horne Elementary and Eric Hamber Secondary. Oakridge-41st Avenue Station is 700 m away.

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 38 W 40th Ave

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2026$3,265,000
Up 10% since 2021
20202026

Permits on this lot · 1 since 2017

Nov 2017 · Addition or alteration, single detached house with suite$4,500

The lot and zoning

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Area≈ 372 m²
ZoningR1-1
Rear laneYes
Frontage and depth
What the zoning allows

Schools and parks near 38 W 40th Ave
Elementary catchmentVan Horne Elementary
Secondary catchmentEric Hamber Secondary
Sir Wm Van Horne Elementary307 m
General Brock Elementary886 m
Columbia Park491 m
Cartier Park766 m

How catchments work

Transit near 38 W 40th Ave
Nearest SkyTrain: Oakridge-41st Avenue (Canada Line)700 m
Westbound W 41 Ave @ Ontario St · 41124 m
Eastbound W 41 Ave @ Manitoba St · 41149 m
Eastbound E 41 Ave @ Ontario St · 41179 m

Bus routes within 400 m: 3, 41, R4

Street, trees and terrain
City street trees in frontNone recorded
Ground elevation≈ 94 m above sea level
Slope across the lotFlat, about 1 m
Nearest arterial roadW 41st Ave, 125 m
Truck route125 m

Crime near 38 W 40th Ave

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

Rezoning and development nearby

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Within 300 m in the last two years: 5 new-building permits and 1 demolition permit.

New buildings nearby:

Rezoning applications within 800 m: in the full report.

In Riley Park, the City issued 139 new-building permits and 102 demolition permits in the last two years. About the neighbourhood

Questions about 38 W 40th Ave

What is 38 W 40th Ave assessed at?

$3,265,000 for 2026, from BC Assessment through the City’s property tax report.

When was 38 W 40th Ave built?

In 2014, according to BC Assessment.

What is the zoning of 38 W 40th Ave?

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

What can be built at 38 W 40th Ave?

Under R1-1 the lot appears to fit a multiplex, 3–4 homes, right at the minimum size, so a survey decides. It has a rear lane, which a laneway home needs. More

Is 38 W 40th Ave in a floodplain?

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

Is 38 W 40th Ave on the Heritage Register?

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

Can 38 W 40th Ave 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 38 W 40th Ave had?

The City has issued 1 permit since 2017. The latest, from Nov 2017: addition or alteration ($4,500). More

Which schools serve 38 W 40th Ave?

Elementary: Van Horne Elementary. Secondary: Eric Hamber Secondary. Placement depends on space: confirm with the school.

How far is the nearest SkyTrain station from 38 W 40th Ave?

Oakridge-41st Avenue Station is 700 m away in a straight line.

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Other addresses on W 40th Ave

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