2316 E 1st Avenue, Vancouver, V5N 1C3 — photo 1

$2,380,000

2316 E 1st Avenue, Vancouver, V5N 1C3
Active
4 Bedrooms 3 Bathrooms 2,016 sqft Built 1976 Residential
2 Listing Signals Detected
Renovation RequiredNote

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

Unverified MeasurementsInfo

Always independently verify square footage — differences between listed and actual can be significant.

About This Property

Rare opportunity for investors and developers! Land assembly of 4 contiguous lots stretching to the corner of E 1st Ave and Garden Dr. Zoned RM-12N, allowing for 3.5 to 4-storey apartment or townhouse development. Located in a vibrant East Vancouver neighbourhood near Nanaimo St, with transit, schools, and shopping close by. Solid 2-storey home with back lane access. Excellent potential in a fast-growing area - bring your development ideas! Buyer to verify all details with City of Vancouver.

Unauthorized SuiteFireplace

Property Details

MLS #

R3021767

Status

Active

Type

Residential

Sub-type

Single Family Residence

Ownership

Freehold NonStrata

Zoning

RM-12

Bedrooms

4

Full Baths

3

Half Baths

0

Kitchens

2

Fireplaces

1

Living Area

2,016 sqft

Main Floor

827 sqft

Above Main

1,189 sqft

Lot Size

3,650.51 sqft

Lot Dimensions

32.74 x 111.5

Frontage

32.74

Year Built

1976

Age

50 years

Construction

Frame Wood, Stucco

Structure

Residential Detached

Parking Stalls

2

Parking Type

Carport Multiple, Lane Access, Rear Access

Original Price

$2,380,000

Taxes

$6,639.62/yr

Listed

2025-06-30

MLS Area

Grandview Woodland

City

Vancouver

Postal Code

V5N 1C3

Features & Finishes

Heating

Forced Air · Natural Gas

Appliances

Washer/Dryer · Dishwasher · Refrigerator · Stove

Fireplace

Wood Burning

Patio / Porch

Sundeck

Building & Community

Lot Features

Central Location

Water Source

Public

Sewer

Public Sewer, Sanitary Sewer

Utilities

Electricity Connected, Natural Gas Connected, Water Connected

Community

Shopping Nearby

Disclosures

Property Disclosure

Yes

Coordinates: 49.269234, -123.057578 · Map data © Google

5.3

Above Market

Deal Score out of 10

Priced above comparable sales — may have room to negotiate.

Value vs market24% above market — check if justified
Days on market308 days — significantly stale, strong negotiation position
Price historyNo price reduction — seller firm on price
Market conditionsBuyer's market — avg 97% of ask
Draft CPS Offer

Offer Advisor

High confidence

Suggested Offer

$2,249,256

5.5% below asking price

Negotiation Range

$2,189,756$2,284,956

$95,200 spread

$2,189,756$2,380,000 ask

Based on 82 recent sales, a starting offer around $2,249,256 (5.5% below ask) is reasonable. Your negotiation range is $2,189,756 – $2,284,956.

What's factored in

Market baseline82 recent Vancouver sales closed at median 96.8% of list price
Extended market time308 days listed — well above market avg of 175 days, increased negotiation leverage
Above-average DOM308d vs market avg of 175d — property may have a pricing or condition issue

Based on 82 residential sales in Vancouver (last 60 days) · Updated May 4

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