438 W 45th Avenue, Vancouver, V5Y 2W6 — photo 1

$4,300,000

438 W 45th Avenue, Vancouver, V5Y 2W6
Active
3 Bedrooms 2 Bathrooms 2,551 sqft Built 1949 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

Exceptional Development Opportunity in Vancouver’s Westside Seize this rare opportunity to build a multiplex now or hold for future redevelopment in one of Vancouver’s most prestigious neighborhoods. This property falls within the Transit-Oriented Development (TOD) tier under the BC Provincial Plan, offering a strong potential for increased density and long-term value. Currently designated under Phase Three of the Cambie Corridor Plan, the site is ideal for townhouse development and may be suitable for land assembly with neighboring properties. Located just steps from Oakridge Mall, Queen Elizabeth Park, and the Canada Line station, this prime site offers unmatched convenience with quick access to downtown Vancouver, Langara College, top-ranking schools, and essential amenities.

Unauthorized Suite

Property Details

MLS #

R3013547

Status

Active

Type

Residential

Sub-type

Single Family Residence

Style

Basement Entry

Ownership

Freehold NonStrata

Zoning

RS-1

Bedrooms

3

Full Baths

2

Half Baths

0

Kitchens

2

Fireplaces

0

Living Area

2,551 sqft

Main Floor

1,480 sqft

Basement

Yes

Lot Size

8,342.88 sqft

Lot Dimensions

52 x 160.44

Frontage

52

Year Built

1949

Age

77 years

Roof

Asphalt

Construction

Frame Wood, Mixed (Exterior)

Structure

Residential Detached

Parking Stalls

4

Parking Type

RV Access/Parking

Original Price

$4,300,000

Taxes

$19,154.8/yr

Listed

2025-06-10

MLS Area

Oakridge VW

City

Vancouver

Postal Code

V5Y 2W6

Features & Finishes

Heating

Mixed · Other

Laundry

In Unit

Exterior Features

Balcony

Building & Community

Water Source

Public

Sewer

Public Sewer, Sanitary Sewer

Utilities

Electricity Connected, Water Connected

Disclosures

Property Disclosure

No

Coordinates: 49.229552, -123.115047 · Map data © Google

5.3

Above Market

Deal Score out of 10

Priced above comparable sales — may have room to negotiate.

Value vs market77% above market — check if justified
Days on market328 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

$4,063,781

5.5% below asking price

Negotiation Range

$3,956,281$4,128,281

$172,000 spread

$3,956,281$4,300,000 ask

Based on 82 recent sales, a starting offer around $4,063,781 (5.5% below ask) is reasonable. Your negotiation range is $3,956,281 – $4,128,281.

What's factored in

Market baseline82 recent Vancouver sales closed at median 96.8% of list price
Extended market time328 days listed — well above market avg of 175 days, increased negotiation leverage
Above-average DOM328d 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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