428 W 40th Ave, Vancouver, BC

A freehold property, built 1983 on a 563 m² R5-1 lot with a rear lane. Built in the same years as many buildings on W 40th Ave.

Assessed 2026
$2,783,000
Zoning
R5-1
Lot
≈ 563 m²
Built
1983
1 to check8 notes2 clear

What the records show for 428 W 40th Ave

Note

Zoned R5-1

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What the record says
Lot about 563 m², measured from the City lot outline. Zoning district R5-1 (R5).
What it means
The zoning district sets what can be built and how the property can be used.
What to do
Read the district schedule or ask the City if you plan changes.

The full report explains every finding like this one.

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.

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.

Note

Assessed at $2,783,000, +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.

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.

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.

Note

3 new buildings and 11 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.

Note

SkyTrain guideway about 142 m away

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.

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.

Clear

Not on the Heritage Register

Clear

Outside the City floodplain

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Street view

About 428 W 40th Ave

Assessed at $2,783,000 for 2026 (−9% on 2025). Assessed higher than 53% of the houses on W 40th Ave. The land is 94% of the value. The lot is larger than 89% of the lots in Riley Park. School catchment: Van Horne Elementary and Eric Hamber Secondary. Oakridge-41st Avenue Station is 170 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.

Assessment history of 428 W 40th Ave

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2026$2,783,000
Up 10% since 2021
20202026

Permits on this lot · none since 2017

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

The lot and zoning

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Area≈ 563 m²
ZoningR5-1
Frontage and depth
What the zoning allows

Schools and parks near 428 W 40th Ave

Elementary catchmentVan Horne Elementary
Secondary catchmentEric Hamber Secondary
Sir Wm Van Horne Elementary613 m
King David High School638 m
Dr Annie B Jamieson Elementary947 m
Columbia Park326 m
Queen Elizabeth Park777 m

How catchments work

Transit near 428 W 40th Ave

Nearest SkyTrain: Oakridge-41st Avenue (Canada Line)170 m
Oakridge-41st Ave Station bus loop · 41, R489 m
Northbound Cambie St @ W 40 Ave · 15, N15157 m
Southbound Cambie St @ W 41 Ave · 15, N15178 m

Bus routes within 400 m: 15, 41, N15, R4

Street, trees and terrain

City street trees in front1 · Willow Oak
Ground elevation≈ 93 m above sea level
Slope across the lotFlat, about 1 m
Nearest arterial roadW 41st Ave, 73 m
SkyTrain guideway142 m
Truck route73 m

Crime near 428 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: 3 new-building permits and 11 demolition permits.

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 428 W 40th Ave

What is 428 W 40th Ave assessed at?

$2,783,000 for 2026, from BC Assessment through the City’s property tax report.

When was 428 W 40th Ave built?

In 1983, according to BC Assessment.

What is the zoning of 428 W 40th Ave?

It is zoned R5-1 under the Vancouver Zoning and Development By-law. More

Is 428 W 40th Ave in a floodplain?

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

Is 428 W 40th Ave on the Heritage Register?

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

Can 428 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 428 W 40th Ave had?

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

Which schools serve 428 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 428 W 40th Ave?

Oakridge-41st Avenue Station is 170 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