Welcome to Avalon 3 by Wesgroup in Vancouver's vibrant River District, a premier waterfront community along the Fraser River. This bright, south-facing corner home offers 2 bedrooms + flex, 2 bathrooms, and 985 sq. ft. of open-concept living. The chef-inspired kitchen features premium integrated appliances, quartz countertops, and an oversized island. Enjoy year-round comfort with A/C and abundant natural light. Resort-style amenities include an outdoor pool, hot tub, fitness centre, social lounge, and concierge. Steps to shops, dining, parks, riverfront trails, transit, and the Town Centre. Includes 1 parking stall and 1 storage locker. A must-see opportunity in one of Vancouver's most desirable communities!
Listed by RE/MAX Crest Realty. Data from BCRES. Last updated Jul 9, 2026, 10:47 AM.
This representation is based in whole or in part on data generated by the Chilliwack & District Real Estate Board, Fraser Valley Real Estate Board or Real Estate Board of Greater Vancouver which assumes no responsibility for its accuracy.
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This is an estimate only and does not constitute financial advice or a mortgage offer. Based on $179,600 down (20%) on $898,000, Canadian semi-annual compounding. Property tax sourced from listing. Strata fee sourced from listing. Home insurance, land transfer tax, and closing costs are not included. Consult a licensed mortgage professional for personalised advice. Mortgage professionals featured here are independent licensed brokers. Ray Rasouli may receive a referral fee if you choose to work with one. You are under no obligation to use any recommended provider. Full disclosure.
Inventory mix
What this area trades in
Within 3 km of this listing · 417 listings
Condo / Apartment
223
53.5%
Detached
97
23.3%
Townhouse
59
14.1%
Duplex
23
5.5%
Half-duplex
8
1.9%
Other
7
1.7%
Source: active, display-eligible listings within 3 km of this listing. The radius widens automatically when nearby inventory is sparse.
Supply outlook
Where supply, demand, and prices are heading by 2035
CMHC scenario data, applied to this listing's metro area
House prices, 2024 to 2035
CMHC scenario comparison
18.4 percentage points
Building enough supply could keep prices 18.4 percentage points lower by 2035.
Source: CMHC supply-shortages report (2026)
Housing starts needed each year
Current pace vs CMHC supply target
7,245 units short
Vancouver is starting about 7,245 fewer units per year than CMHC says is needed to keep prices stable.
Source: CMHC supply-shortages report (2026)
Housing stock, 2024 to 2035
Projected dwellings under current trajectory
24.0 percentage points
Stock grows about 24.0% over the period under the business-as-usual scenario.
Source: CMHC supply-shortages report (2026)
Apartment construction pace
Apartment starts in 2025 vs the 10-year average
8.6% above
Condo and rental apartment construction is running 8.6% above the 10-year pace, easing future apartment scarcity.
Source: CMHC supply spring 2026
Family-home construction pace
Houses and townhomes started in 2025 vs the 10-year average
20.9% below
Ground-oriented (houses + townhomes) construction is running 20.9% below the 10-year pace, squeezing family-sized supply.
Source: CMHC supply spring 2026
Housing stock here
What this neighbourhood is built of
Census 2021 dwelling structural-type mix · Vancouver · 2,025 dwellings
Low-rise apartment1,095 · 54.1%
Row house815 · 40.2%
High-rise apartment90 · 4.4%
Single-detached15 · 0.7%
Apartment in duplex10 · 0.5%
Source: Statistics Canada · 2021 Census of Population
Neighbourhood demographics
Who lives in this small neighbourhood
The following information covers the Dissemination Area that contains this property. A dissemination area is the smallest standard geographic area Statistics Canada publishes data for, typically 400 to 700 residents.
Statistics Canada Area #59152941· Vancouver· Transit 40/100 (3019m to rapid)· 0.71 km²
Median rent here
$1,988
Owner shelter cost
$2,080
Renters
41.9%
30%+ on shelter
28.3%
Population (2021)
4,198
Median age
35.2
Avg household size
2.1
Avg household income
$110,400
Renters
41.9%
Owners
57.8%
Immigrants
41.9%
Post-secondary
71.3%
Avg home value
$760,000
Single status
26.6%
Not in labour force
21.3%
Households with kids
29.0%
Median rent
$1,988
Owner shelter cost
$2,080
30%+ on shelter
28.3%
Breakdown
Under $5,000
30
1.5%
$5,000 to $9,999
15
0.7%
$10,000 to $14,999
20
1.0%
$15,000 to $19,999
35
1.7%
$20,000 to $24,999
55
2.7%
$25,000 to $29,999
50
2.5%
$30,000 to $34,999
40
2.0%
$35,000 to $39,999
50
2.5%
$40,000 to $44,999
50
2.5%
$45,000 to $49,999
55
2.7%
$50,000 to $59,999
135
6.7%
$60,000 to $69,999
125
6.2%
$70,000 to $79,999
130
6.4%
$80,000 to $89,999
150
7.4%
$90,000 to $99,999
125
6.2%
$100,000 to $124,999
290
14.4%
$125,000 to $149,999
225
11.1%
$150,000 to $199,999
260
12.9%
$200,000 and over
180
8.9%
Source: Statistics Canada, 2021 Census of Population (Census Profile, dissemination area 59152941).
Market story
Rent in Vancouver
Census 2021 avg $1,988/mo here · Vancouver 2BR rent trend below
Estimate, not a prediction. Forward values use CMHC scenario growth rates applied to the latest actual. Actual outcomes will differ. Do not use as financial advice.
Vancouver CMA rental snapshot · 2025
Purpose-built vacancy
3.7%
Avg 2BR rent
$2,363
+2.2% YoY
Condo vacancy
1.5%
Avg 2BR condo rent
$2,900
Source: CMHC Rental Market Report (2025)
CMHCVancouver outlook
From the CMHC Spring 2026 Housing Supply Report · Mar 2026
Property analysisScored Jul 8
Buyer view7–10 year horizon
35.1% above area benchmark
$898,000 is 35.1% above the Vancouver East Apartment HPI benchmark of $664,800 (2026-04-01).
On a 7 to 10 year hold, price discovery vs the area benchmark drives outcomes. Today's price sits 35.1% above the GVR HPI for this segment.
Weak value signals·18/100
Weak value signals, score 17.9 of 100Based on 7 of 9 signals · score likely 0 to 39.7
Area benchmark trend
Vancouver East apartment benchmark price (GVR MLS® HPI), last 12 months
Round-number price anchor
Price comparisons use asking prices from nearby active and recently removed listings. Sold prices are not available through public listing feeds.
Scores weight nine signals across price, market, carrying cost, and location data. Sources: BCRES listing feed, GVR MLS® HPI, TransLink, BC Geographic Warehouse, Vancouver Open Data, Statistics Canada (2021 Census). One input among many, not advice.
