396 E 49th Avenue, Vancouver, V5W 2G6 — photo 1

$1,948,000

396 E 49th Avenue, Vancouver, V5W 2G6
Active
11 Bedrooms 5 Bathrooms 2,603 sqft Built 1996 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

WOW !!! Great Investment Chance. MONEY PRINTING MACHINE! 5 - STAR Location near WEST END Vancouver! HUGE CASH FLOW of Per Month Rental Income can cover the Entire house mortgage. The entire house has been fully renovated, including a New Roof, Double windows, Doors and more. Long-term holding, with possible huge potential value-added space with Neighbours in the future. Walking Distance to Langara College, Shopping Mall, Banks, Restaurants, Park, Community Center, Canada Line, Bus #8, #3, #49 and All Your Daily Needs. Let the tenants pay off your Mortgage and let the Land Create the Wealth !!! PLEASE HURRY UP, AND THERE IS NO SECOND CHANCE IN YOUR ENTIRE LIFETIME !!!

OtherViewFireplace

Property Details

MLS #

R3072762

Status

Active

Type

Residential

Sub-type

Single Family Residence

Ownership

Freehold NonStrata

Zoning

RS1

Bedrooms

11

Full Baths

5

Half Baths

0

Kitchens

2

Fireplaces

1

Living Area

2,603 sqft

Main Floor

955 sqft

Above Main

906 sqft

Basement

Yes

Lot Size

4,346.99 sqft

Lot Dimensions

35.35 x 122.97

Frontage

35.35

Year Built

1996

Age

30 years

Roof

Concrete

Construction

Frame Wood, Mixed (Exterior), Stucco, Wood Siding

Structure

Residential Detached

Parking Stalls

3

Garage Spaces

1

Parking Type

Garage Single, Underground, Tandem, Rear Access, Paver Block, Garage Door Opener

Facing

Southeast

Original Price

$2,999,000

Taxes

$9,858.69/yr

Listed

2025-12-08

MLS Area

South Vancouver

City

Vancouver

Postal Code

V5W 2G6

Features & Finishes

Heating

Hot Water · Natural Gas · Radiant

Flooring

Hardwood

Appliances

Washer/Dryer · Dishwasher · Refrigerator · Stove · Freezer · Microwave

Laundry

In Unit

Fireplace

Gas

Security

Security System · Smoke Detector(s) · Fire Sprinkler System

Interior Features

Storage

Exterior Features

Garden · Playground · Private Yard

Building & Community

Pets

Cats OK, Dogs OK, Number Limit (One)

Transit

CLOSE

Schools

CLOSE

View

MOUNTAIN PARK CITY

Lot Features

Central Location, Near Golf Course, Recreation Nearby

Fencing

Fenced

Water Source

Public

Sewer

Public Sewer, Sanitary Sewer, Storm Sewer

Utilities

Community, Electricity Connected, Natural Gas Connected, Water Connected

Community

Adult Oriented, Shopping Nearby

Building Amenities

Recreation Facilities

Disclosures

Property Disclosure

Yes

Coordinates: 49.225351, -123.097894 · Map data © Google

9.6

Hot Deal

Deal Score out of 10

Strong value relative to the market with clear seller motivation signals.

Value vs market22% below market $/sqft
Days on market147 days — significantly stale, strong negotiation position
Price historyPrice dropped 35% from original ask — seller showing motivation
Market conditionsBuyer's market — avg 97% of ask
Draft CPS Offer

Offer Advisor

High confidence

Suggested Offer

$1,847,997

5.1% below asking price

Negotiation Range

$1,799,297$1,877,217

$77,920 spread

$1,799,297$1,948,000 ask

Based on 82 recent sales, a starting offer around $1,847,997 (5.1% below ask) is reasonable. Your negotiation range is $1,799,297 – $1,877,217.

What's factored in

Market baseline82 recent Vancouver sales closed at median 96.8% of list price
Price already reducedSeller dropped from 35% off original ask — indicates motivation
Extended market time147 days listed — well above market avg of 175 days, increased negotiation leverage

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

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