Vancouver Homes
470 W 46th Avenue, Vancouver, V5Y 2X6 — photo 1

$4,250,000

470 W 46th Avenue, Vancouver, V5Y 2X6
Active
9 Bedrooms 5 Bathrooms 4,496 sqft Built 1951 Residential
1 Listing Signal Detected
Tenant OccupiedNote

BC tenancy law requires proper notice periods. Confirm tenant status and end-of-tenancy timelines with your agent.

About This Property

Located within Cambie Corridor Phase 3, the property permits mixed-use development with up to 3.25 FSR and 8 storeys, or up to 4.0 FSR and 12 storeys in the Transit-Oriented Area (TOA). The property is being sold by serious sellers and is currently tenanted, generating $7,038 in monthly strong cash flow. Surrounded by developments such as Oakridge Park, Cambie Gardens, and Mayfair. A good chance to development or hold for the future..

Property Details

MLS #

R3058457

Status

Active

Type

Residential

Sub-type

Single Family Residence

Ownership

Freehold NonStrata

Zoning

RT-2

Bedrooms

9

Full Baths

3

Half Baths

2

Kitchens

1

Living Area

4,496 sqft

Main Floor

2,366 sqft

Basement

2,130 sqft fin.

Lot Size

9,760.6 sqft

Lot Dimensions

148.45 x 65.75

Frontage

148.45

Year Built

1951

Age

75 years

Roof

Asphalt

Construction

Concrete, Other (Exterior)

Structure

Residential Detached

Parking Type

Detached, Open

Original Price

$5,488,000

Taxes

$25,040.9/yr

Listed

2025-10-13

MLS Area

Oakridge VW

City

Vancouver

Postal Code

V5Y 2X6

Features & Finishes

Heating

Other

Exterior Features

No Outdoor Area

Building & Community

Water Source

Public

Sewer

Public Sewer, Sanitary Sewer, Storm Sewer

Utilities

Electricity Connected, Natural Gas Connected, Water Connected

Disclosures

Property Disclosure

No

Location

Open in Google Maps

Coordinates: 49.228629, -123.115640 · Map data © Google

7.8

Good Value

Deal Score out of 10

Priced competitively with some negotiation potential.

Value vs market— At market $/sqft
Days on market— 204 days — significantly stale, strong negotiation position
Price history— Price dropped 23% from original ask — seller showing motivation
Market conditions— Buyer's market — avg 97% of ask
Draft CPS Offer

Offer Advisor

High confidence

Suggested Offer

$4,033,943

5.1% below asking price

Negotiation Range

$3,927,693 – $4,097,693

$170,000 spread

$3,927,693$4,250,000 ask

Based on 82 recent sales, a starting offer around $4,033,943 (5.1% below ask) is reasonable. Your negotiation range is $3,927,693 – $4,097,693.

What's factored in

Market baseline— 82 recent Vancouver sales closed at median 96.8% of list price
Price already reduced— Seller dropped from 23% off original ask — indicates motivation
Extended market time— 204 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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