$1,598,000
Likely needs work. Get contractor quotes before making an offer — renovation costs can exceed expectations.
About This Property
Development & Investment Opportunity: Just off Knight Street Bridge and Marine Drive, this property offers excellent potential for future growth. The lot is supported by the City of Vancouver for a 3–5 unit multiplex, making it a solid choice for builders or long-term investors. The home itself is partially renovated and set up with separate top and bottom floors, giving you the option of strong rental income while you plan your next steps. With transit, shopping, and major routes close by, this is a practical investment with plenty of upside. CALL NOW TO BOOK A SHOWING
Property Details
MLS #
R3053413
Status
Active
Type
Residential
Sub-type
Single Family Residence
Ownership
Freehold NonStrata
Zoning
R1-1
Bedrooms
5
Full Baths
2
Half Baths
0
Kitchens
2
Fireplaces
1
Living Area
2,390 sqft
Main Floor
1,150 sqft
Basement
1,240 sqft fin.
Lot Size
5,887.5 sqft
Lot Dimensions
49 x 120
Frontage
49
Year Built
1975
Age
50 years
Roof
Asphalt
Construction
Frame Wood, Stucco
Structure
Residential Detached
Parking Type
Carport Multiple, Lane Access, Concrete
Original Price
$1,740,000
Taxes
$8,026.79/yr
Listed
2025-09-29
MLS Area
Fraserview VE
City
Vancouver
Postal Code
V5P 2R3
Features & Finishes
Heating
Forced Air
Flooring
Laminate
Appliances
Washer/Dryer · Dishwasher · Refrigerator · Stove · Microwave
Fireplace
Wood Burning
Patio / Porch
Sundeck
Windows
Window Coverings
Building & Community
Water Source
Public
Sewer
Public Sewer, Storm Sewer
Utilities
Electricity Connected, Natural Gas Connected, Water Connected
Disclosures
Property Disclosure
Yes
Location
Open in Google MapsCoordinates: 49.211349, -123.076177 · Map data © Google
Hot Deal
Deal Score out of 10
Strong value relative to the market with clear seller motivation signals.
Offer Advisor
High confidenceSuggested Offer
$1,516,888
5.1% below asking price
Negotiation Range
$1,476,938 – $1,540,858
$63,920 spread
Based on 84 recent sales, a starting offer around $1,516,888 (5.1% below ask) is reasonable. Your negotiation range is $1,476,938 – $1,540,858.
What's factored in
Based on 84 residential sales in Vancouver (last 60 days) · Updated May 5
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