Buyer guide · Capitol Hill BN

Buying at 5450 Empire Drive

14 units at Empire Place have sold since 2020 at a median of $404,995, achieving 98.5% of asking in about 46 days. Here is what that means for what you will pay — and what to read before you offer.

The numbers that set your offer
$404,995
Median sold
98.5%
Of asking price
46
Avg days on market
$545
Sold $/sq ft
0
Listed now

That leaves roughly $6,075 off a median-priced unit on average — the building's pattern, not a guarantee on any one home.

What you will pay, by size

Sold figures are what buyers actually paid across all 14 sales. Asking is what is listed today — nothing at the moment.

TypeSold avgSold rangeAsking now
1 bedroom · ~644 sq ft$364,377$250K – $435K—
2 bedroom · ~900 sq ft$453,400$397K – $515K—

What to read before you offer

Whether Empire Place is a good building to buy into is decided by its documents, not its listing photos. These are the ones that matter, and what each is for.

Strata minutes (2 years)
Where problems surface first — leaks, litigation, repeated repairs, and the arguments that precede a special levy.
Depreciation report
The 30-year forecast of major components and what they will cost. Tells you whether today’s fee is realistic or deferred.
Form B Information Certificate
Confirms the actual monthly fee, the contingency fund balance, any levies owing, parking and locker allocation, and rental or pet restrictions.
Engineering and remediation reports
Envelope, roof, plumbing and elevator work. An approved project not yet levied is a cost you inherit on completion.
Insurance summary
Deductibles on water damage have risen sharply across BC, and the strata can charge a deductible back to an owner.
Bylaws and rules
Rentals, pets, age restrictions, short-term use and renovation approvals. Empire Place’s specifics are on the building page.

Saeed Farahani obtains and reviews these with you as part of representing you on a purchase.

Common questions

Is Empire Place a good building to buy in?

No one can answer that honestly from the listing alone — it depends on what the documents say. The market record is a starting point: 14 units have sold here since 2020 at a median of $404,995, averaging 46 days on market and 98.5% of asking. What decides it is the strata minutes, the depreciation report and the Form B — whether work is approved but not yet levied, how healthy the contingency fund is, and whether the current fee reflects real costs. Saeed Farahani obtains and reviews those documents with you before you write an offer.

How much can I negotiate at Empire Place?

Sales here have averaged 98.5% of asking over about 46 days on market — roughly $6,075 off a median-priced unit. That is the building's average, not a guarantee; a well-priced unit still sells at full price.

What do units at Empire Place actually sell for?

14 sales since 2020, from $249,900 to $515,000, median $404,995. By size: 1-bed $364,377, 2-bed $453,400. That works out to about $545 per square foot. Asking prices on current listings are a separate question — what sold is what the market paid.

What is for sale at Empire Place right now?

Nothing is listed at Empire Place at the moment. Saeed can set up an alert so you hear about a listing here before it reaches the portals.

What amenities does Empire Place have?

Amenities, bylaws and strata details for Empire Place are set out in full on the building page, alongside current listings. This page covers the buying decision rather than repeating them.

Figures are drawn from recorded MLS® sales and current listings at Empire Place (NWS246) from 2020 onward and describe the building, not any individual home. Nothing here is a substitute for reviewing the strata documents. See amenities, bylaws and current listings →

Saeed Farahani
Saeed Farahani
Re/Max Crest Realty
📍 5450 Empire Drive
Ask about Empire Place

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Buying at 5450 Empire Drive (Empire Place) — What Units Really Sell For, Median $405K