Buyer guide · Oaklands

Buying at 5281 Oakmount Crescent

11 units at The Legends have sold since 2020 at a median of $515,000, achieving 102.3% of asking in about 15 days. Here is what that means for what you will pay — and what to read before you offer.

The numbers that set your offer
$515,000
Median sold
102.3%
Of asking price
15
Avg days on market
$743
Sold $/sq ft
$410/mo
Avg strata fee
2
Listed now

Sellers here are achieving list price or above, so plan on paying asking rather than negotiating a discount.

What you will pay, by size

Sold figures are what buyers actually paid across all 11 sales. Asking is what is listed today.

TypeSold avgSold rangeAsking now
1 bedroom · ~641 sq ft$487,000$467K – $515K$489K – $489K (1)
2 bedroom · ~860 sq ft$621,400$584K – $658K$598K – $598K (1)

What to read before you offer

Whether The Legends 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. The Legends’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 The Legends 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: 11 units have sold here since 2020 at a median of $515,000, averaging 15 days on market and 102.3% 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 The Legends?

Not much. Units at The Legends have sold at 102.3% of asking in about 15 days, which means sellers are generally achieving list price or above. Budget for paying asking rather than planning a discount, and be ready to move quickly.

What do units at The Legends actually sell for?

11 sales since 2020, from $467,000 to $658,000, median $515,000. By size: 1-bed $487,000, 2-bed $621,400. That works out to about $743 per square foot. Asking prices on current listings are a separate question — what sold is what the market paid.

Why are the strata fees at The Legends what they are?

Fees on current listings average $410 a month, ranging $350 to $470 by unit size, which is about $0.56 per square foot. Per square foot is the only fair comparison — a larger suite paying more is not the same as an expensive building. A fee that looks high often reflects a well-funded contingency, or amenities and utilities bundled into it; a fee that looks low can mean deferred maintenance and a levy ahead. The depreciation report and recent minutes are what distinguish the two, and Saeed will go through them with you.

What is for sale at The Legends right now?

2 units are currently listed, asking $488,888 to $598,000 (about $742 per square foot). Current listings and photos are on the building page.

What amenities does The Legends have?

Amenities, bylaws and strata details for The Legends 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 The Legends (LMS4139) 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
📍 5281 Oakmount Crescent
Ask about The Legends

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Buying at 5281 Oakmount Crescent (The Legends) — What Units Really Sell For, Median $515K