Vancouver › Riley Park › W 40th Ave › 481 W 40th Ave
481 W 40th Ave, Vancouver, BC
A freehold property, built 1949 on a 602 m² R5-1 lot with a rear lane. Older than 57% of the buildings on W 40th Ave.
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What the records show for 481 W 40th Ave
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Zoned R5-1 Free preview
What the record says Lot about 602 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.
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Built 1949: ask about a buried oil tank
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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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No building permits on record since 2017
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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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Assessed at $2,820,000, −2% since 2021
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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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Value is almost all land
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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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Built before 1990: asbestos survey before renovating
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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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4 new buildings and 14 demolitions within 300 m
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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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SkyTrain guideway about 63 m away
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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
What the full report adds to each finding
What the record says, with its date and number What it means for a buyer What to ask the seller and your realtor The source of every line See a sample report
About 481 W 40th Ave Assessed at $2,820,000 for 2026 (−16% on 2025). Assessed higher than 59% of the houses on W 40th Ave. The land is 100% of the value. The lot is larger than 92% of the lots in Riley Park. School catchment: Van Horne Elementary and Eric Hamber Secondary. Oakridge-41st Avenue Station is 140 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 481 W 40th Ave
2026 $2,820,000
2025
2024
2023
2022
Down 2% since 2021
2020 2026
Permits on this lot · none since 2017
The City has issued no building permits for this lot since 2017.
Area ≈ 602 m²
Frontage and depth
What the zoning allows
Schools and parks near 481 W 40th Ave
Elementary catchment Van Horne Elementary
Secondary catchment Eric Hamber Secondary
King David High School 574 m
Sir Wm Van Horne Elementary 712 m
Pacific Torah Institute International 918 m
Columbia Park 421 m
Queen Elizabeth Park 733 m
How catchments work
Transit near 481 W 40th Ave
Nearest SkyTrain: Oakridge-41st Avenue (Canada Line) 140 m
Northbound Cambie St @ W 40 Ave · 15, N15 60 m
Southbound Cambie St @ W 41 Ave · 15, N15 94 m
Oakridge-41st Ave Station bus loop · 41, R4 154 m
Bus routes within 400 m: 15, 41, N15, R4
Street, trees and terrain
City street trees in front 1 · Pissard Plum
Ground elevation ≈ 93 m above sea level
Slope across the lot Flat
Nearest arterial road Cambie St, 74 m
SkyTrain guideway 63 m
Truck route 74 m
Crime near 481 W 40th Ave 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: 4 new-building permits and 14 demolition permits.
New buildings nearby:
Rezoning applications within 800 m: in the full report.
In Riley Park, the City issued 141 new-building permits and 102 demolition permits in the last two years. About the neighbourhood
Questions about 481 W 40th Ave
What is 481 W 40th Ave assessed at? $2,820,000 for 2026, from BC Assessment through the City’s property tax report.
When was 481 W 40th Ave built? In 1949, according to BC Assessment. A major improvement is recorded in 1960.
What is the zoning of 481 W 40th Ave? It is zoned R5-1 under the Vancouver Zoning and Development By-law. More
Is 481 W 40th Ave in a floodplain? No. It is outside the floodplains designated by the City of Vancouver. More
Is 481 W 40th Ave on the Heritage Register? No. It is not listed on the Vancouver Heritage Register. More
What building permits has 481 W 40th Ave had? None since 2017, when the City’s open permit records begin. More
Which schools serve 481 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 481 W 40th Ave? Oakridge-41st Avenue Station is 140 m away in a straight line.
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Other addresses on W 40th Ave
Full report Every record explained · PDF
Checked against City of Vancouver open data on October 25, 2026. How we check · Data sources · Glossary
