231 E 40th Avenue, Vancouver, V5W 1L7 — photo 1

$2,438,800

231 E 40th Avenue, Vancouver, V5W 1L7
Closed
5 Bedrooms 3 Bathrooms 2,623 sqft Built 1946 Residential
1 Listing Signal Detected
Renovation RequiredNote

Likely needs work. Get contractor quotes before making an offer — renovation costs can exceed expectations.

About This Property

A rare Riley Park gem, offered nearly $150,000 below BC Assessment. This cherished 5bed+Den, 3bath, 2 kitchen, 2623sf home w/ wood fireplace sits on a perfectly sized 45'by125' lot of 5630sf, where you are truly buying land value w/ a great home as a bonus. Zoning allows for a higher density multiplex development, offering an excellent opportunity for both developers or families looking to build their dream home. Move in & enjoy its warmth, renovate & modernize, or design your future home w/ laneway potential. Features include: basement suite, double car garage, rare old growth oak floors, & mature gardens w/ rare plantings. Updates: new garage&deck, renovated kitchen, updated bathrooms & PEXpiping, plus renewed front porch. A vibrant, walkable South Main lifestyle right at your doorstep.

Unauthorized SuiteFireplace

Property Details

MLS #

R3072565

Status

Closed

Type

Residential

Sub-type

Single Family Residence

Ownership

Freehold NonStrata

Zoning

R1-1

Bedrooms

5

Full Baths

3

Half Baths

0

Kitchens

2

Fireplaces

1

Living Area

2,623 sqft

Main Floor

993 sqft

Above Main

654 sqft

Basement

976 sqft fin.

Lot Size

5,630 sqft

Lot Dimensions

45 x 125'

Frontage

45

Year Built

1946

Age

80 years

Roof

Fibreglass

Construction

Frame Wood, Other (Exterior), Stucco

Structure

Residential Detached

Parking Stalls

2

Garage Spaces

2

Garage Size

19'0 x 18'11

Parking Type

Garage Double, Side Access, Garage Door Opener

Original Price

$2,438,800

Taxes

$10,914.1/yr

Listed

2025-12-05

MLS Area

Main

City

Vancouver

Postal Code

V5W 1L7

Features & Finishes

Heating

Forced Air

Flooring

Hardwood · Mixed · Tile · Carpet

Laundry

In Unit

Fireplace

Wood Burning

Security

Security System

Patio / Porch

Patio · Deck

Interior Features

Guest Suite · Storage

Exterior Features

Garden · Balcony · Private Yard

Building & Community

Lot Features

Central Location, Lane Access, Recreation Nearby

Water Source

Public

Sewer

Public Sewer, Sanitary Sewer, Storm Sewer

Utilities

Electricity Connected, Water Connected

Community

Shopping Nearby

Disclosures

Property Disclosure

Yes

Fixtures Removed

Yes

Fixtures Removed

Appliances + fixtures not guaranteed to be included or remov

Coordinates: 49.234708, -123.100616 · Map data © Google

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