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8395 OAK Street in Vancouver: Marpole Duplex for sale (Vancouver West) : MLS®# R2609763

Posted by Aedis Realty on May 19, 2022
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Marpole in South Vancouver

Down by the River and the Airport

Marpole 2 Marpole is a mostly residential neighbourhood of 23,832 inhabitants reported in the 2011 Census on the southern edge of the City of Vancouver, British Columbia, northeast of Vancouver International Airport on Sea Island across the Fraser River. Approximate borders are Angus Drive on the west, 57th Avenue on the north, Ontario Street on the east and the river on the south. Immigration has been an important demographic in this neighbourhood. In 2006, 42 percent of Marpole residents were ethnically Chinese, 37 percent spoke Chinese as their native language, and 59 percent were foreign born. Marpole has a lower median household income and a higher share of low- income residents than Vancouver overall. Within Marpole, 32 per cent of renters spend more than a third of their income on housing. Most of the 4,000 units of relatively affordable rental housing date from before 1975.

Some History

Richard Marpole, for whom in 1916 residents of the small town of Eburne Station on the river renamed it in his honor, was General Superintendent of the Canadian Pacific Railway Pacific Division in Vancouver in the early 1900s. The coming of the Canadian Pacific to Vancouver triggered development of sawmills, shingle mills, and gravel companies in the region. By 1929, when it became part of the City of Vancouver, Marpole was a industrial centre. Construction over the river in 1957 of the Oak Street Bridge to Richmond, Delta, Surrey, and the USA border and in 1975 of the Arthur Laing Bridge to the airport has catalyzed many changes and intensified traffic and development.

Economic Development

Marpole 3Most Marpole trade stores and services are toward the southern end of Granville Street. Small corner shops cluster around Oak Street and 67th Avenue and Cambie Street and 57th Avenue. Some big box stores, manufacturers, and distributors are on Marine Drive east of the Arthur Laing Bridge; some heavy industry operates along the bank of the river.

Another large Marpole commercial district will be in the eastern part of the neighbourhood around Marine Drive and Cambie Street. The City of Vancouver has designated this area as the Marine Landing Precinct and approved for construction two residential high-rise towers, an office tower, 11 movie theatres, and a major grocery store.

Information Links:

http://marpoleonline.com/
http://vancouver.ca/green-vancouver/marpole.aspx http://www.marpoleoakridge.org
http://vancouver.ca/home-property-development/marpole-community-plan.aspx

New Community Plan for Marpole Future

Marpole 1In April 2014, Vancouver’s City Council unanimously approved a new Marpole community plan following a public hearing with most attending residents in favor. The new plan revamped last year’s proposal, which stalled over complaints that the city pushed for unnecessary and excessive density. City planners had proposed to rezone a large area of single-family residences dwellings for multifamily housing. The new, approved plan leaves 85 percent of present single-family areas unchanged. Most growth will be near major streets and transit stops with new townhomes in some single-family areas. The plan has four main themes: (1) encourage growth but respect neighbourhood character, (2) keep housing affordable, (3) improve transportation, and (4) add and enhance community amenities.

According to plan specifics, by 2041 there would be 835 new market rental units, 6,800 new market homes, upgrades to five parks, three new parks with a 10-acre sanctuary along the river, upgrades to the library and community centre, and 478 new child care spaces. So proceeds life in Marpole as the government attempts to moderate the forces of the market economy.

New Marpole Live MLS Listings

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8395 OAK Street
Marpole Vancouver V6P 4A9

$6,320,000
Multifamily beds: 9 baths: 3.0 2,431 sq. ft. built: 2005

Main Photo: 8395 OAK Street in Vancouver: Marpole Duplex for sale (Vancouver West)  : MLS®# R2609763
Status:
Active
Prop. Type:
Multifamily
MLS® Num:
R2609763
Bedrooms:
9
Bathrooms:
3
Year Built:
2005
Developer Alert!! Central Location 6 story development lots for Sale!!! 2 mins from Richmond, Vancouver Air Port, and 15 mins Drive to Downtown Vancouver. Do not miss the chance to acquire 6 lots Land Assembly 8395,8433,8423,8437,8439,8443,8461,8463,8467 Oak Street: Total Lot Size 26,178.94 sf.It is under Marpole OCP and can be built for 6 story apartment with 2.5 FSR. * All the measurement are approximate, please contact with the realtor for detail. * Do not walk on the property to disturb the residents.
Property Type:
Multifamily
Dwelling Type:
Duplex
Home Style:
Year built:
2005 (Age: 17)
Total area:
2,431 sq. ft.
Total Floor Area:
2,431 sq. ft.
Total unfinished area:
Main Floor Area:
838 sq. ft.
Floor Area Above Main:
Floor Area Above Main 2:
0 sq. ft.
Floor Area Below Main:
Basement Area:
No. Floor Levels:
2.0
Rainscreen:
Bedrooms:
9 (Above Grd: 9)
Bathrooms:
3.0 (Full:3/Half:0)
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Rooms:
Taxes:
$11,115 / 2021
Lot Area:
3,000 sq. ft.
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  • Photo 1: 8395 OAK Street in Vancouver: Marpole Duplex for sale (Vancouver West)  : MLS®# R2609763
    Photo 1 of 1
Listed by RE/MAX Crest Realty
Data was last updated May 20, 2022 at 04:40 AM (UTC)
Area Statistics
Listings on market:
15
Avg list price:
$2,799,000
Min list price:
$1,700,000
Max list price:
$6,320,000
Avg days on market:
121
Min days on market:
13
Max days on market:
290
Avg price per sq.ft.:
$1,383.46
These statistics are generated based on the current listing's property type and located in Vancouver West. Average values are derived using median calculations.
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