#401 – 488 W 40th Ave, Vancouver, BC

Strata unit #401 at 488 W 40th Ave: assessed at $646,000 in 2026. Assessed higher than 76% of the 34 units in the building.

Unit assessed 2026
$646,000
Change from last year
-7%
Strata lot
26
Built
1994
3 to check6 notes2 clear
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Building report for 488 W 40th Ave: all 34 units · $20

Unit #401

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Assessed 2026$646,000
Change from last year−7%
Within the buildingAssessed higher than 76% of the 34 units in the building
Strata lotLot 26, plan LMS1738
Built1994
Floor, from the unit number4
Same stack, 3 units (…01)$642,000 – $667,000
Value history, 7 years
Property tax, year by year
Permits filed under this unit numberNone since 2017

About strata records

What the records show for the building at 488 W 40th Ave

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Zoned C-2

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What the record says
Lot about 1,461 m², measured from the City lot outline. Zoning district C-2 (C).
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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2 permits on this lot since 2017, 1 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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Strata from 1994: no envelope repair permit 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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Combined sewer on this block

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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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Note

Typical unit assessed at $608,000; the building +25% 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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Note

6 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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Note

On or next to an arterial road (Cambie St)

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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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Note

SkyTrain guideway about 26 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.

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Note

Short-term rentals: only in your principal residence

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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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Clear

Not on the Heritage Register

Clear

Outside the City floodplain

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Street view

About #401 – 488 W 40th Ave

A 34-unit strata building, built 1994 on a 1,461 m² C-2 lot with a rear lane. Newer than 74% of the buildings on W 40th Ave. Units are assessed from $562,000 to $4,573,000; the typical unit is $608,000. 2 building permits since 2017. The latest, from Feb 2024: addition or alteration, general office ($175,000). School catchment: Van Horne Elementary and Eric Hamber Secondary. Oakridge-41st Avenue Station is 70 m away.

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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 #401 – 488 W 40th Ave

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Whole building, 34 units: units are assessed from $562,000 to $4,573,000, typical unit $608,000.

2026$25,272,000
Up 25% since 2021
20202026

Permits on this building · 2 since 2017

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Feb 2024 · Addition or alteration, general office$175,000
1 more permit in the full report

Schools and parks near #401 – 488 W 40th Ave
Elementary catchmentVan Horne Elementary
Secondary catchmentEric Hamber Secondary
King David High School524 m
Sir Wm Van Horne Elementary720 m
Pacific Torah Institute International872 m
Columbia Park397 m
Tisdall Park773 m

How catchments work

Transit near #401 – 488 W 40th Ave
Nearest SkyTrain: Oakridge-41st Avenue (Canada Line)70 m
Southbound Cambie St @ W 41 Ave · 15, N1572 m
Northbound Cambie St @ W 40 Ave · 15, N1576 m
Oakridge-41st Ave Station bus loop · 41, R4102 m

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

Street, trees and terrain
City street trees in front2 · Kwanzan Flowering Cherry, Pissard Plum
Ground elevation≈ 92 m above sea level
Slope across the lotFlat, about 1 m
Nearest arterial roadCambie St, 37 m
SkyTrain guideway26 m
Truck route37 m

Crime near #401 – 488 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: 6 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 139 new-building permits and 102 demolition permits in the last two years. About the neighbourhood

Questions about #401 – 488 W 40th Ave

What is #401 – 488 W 40th Ave assessed at?

$646,000 for 2026, from BC Assessment through the City’s property tax report. Assessed higher than 76% of the 34 units in the building.

What is the strata lot number of #401 – 488 W 40th Ave?

Strata lot 26 on strata plan LMS1738.

When was #401 – 488 W 40th Ave built?

In 1994, according to BC Assessment.

What is the zoning of #401 – 488 W 40th Ave?

It is zoned C-2 under the Vancouver Zoning and Development By-law. More

Is #401 – 488 W 40th Ave in a floodplain?

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

Is #401 – 488 W 40th Ave on the Heritage Register?

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

Can #401 – 488 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. The strata bylaws can also ban it. More

What building permits has #401 – 488 W 40th Ave had?

The City has issued 2 permits since 2017. The latest, from Feb 2024: addition or alteration ($175,000). More

Which schools serve #401 – 488 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 #401 – 488 W 40th Ave?

Oakridge-41st Avenue Station is 70 m away in a straight line.

Compare #401 – 488 W 40th Ave with another address · Watch this address: email me when its records change

Other units in 488 W 40th Ave

Same floor (4)

Same stack (units ending in 01)

All 34 units in the building

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