4938 Arbutus Street, Vancouver, V6M 3W1 — photo 1

$5,380,000

4938 Arbutus Street, Vancouver, V6M 3W1
Active
5 Bedrooms 3 Bathrooms 2,374 sqft Built 1929 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

Developer & Investor Alert – Land Assembly Potential. Perched on a gentle hill in Quilchena, this 8,976 sq. ft. lot offers the kind of west side views and elevation that rarely come to market. Located along Arbutus Street, the property sits on a lush, tree-lined corridor known for its beautifully maintained homes, gardens, and proximity to parks. This is a neighbourhood that offers the best of Vancouver’s west side—quiet charm, excellent access to schools and transit, and strong fundamentals for redevelopment. With the city’s continued push for densification, this site holds potential for 4–6 storey rental or townhouse development, subject to City approval.

NoneFireplace

Property Details

MLS #

R3003809

Status

Active

Type

Residential

Sub-type

Single Family Residence

Ownership

Freehold NonStrata

Zoning

R1-1

Bedrooms

5

Full Baths

3

Half Baths

0

Kitchens

2

Fireplaces

2

Living Area

2,374 sqft

Main Floor

1,102 sqft

Above Main

480 sqft

Basement

Yes

Lot Size

8,976 sqft

Lot Dimensions

56.4 x 0.0

Frontage

56.4

Year Built

1929

Age

96 years

Roof

Asphalt

Construction

Concrete Frame, Frame Wood, Wood Siding

Structure

Residential Detached

Parking Stalls

2

Carport

1 spaces

Parking Type

Carport Single, Open, Front Access

Original Price

$5,380,000

Taxes

$7,803.52/yr

Listed

2025-05-15

MLS Area

Quilchena

City

Vancouver

Postal Code

V6M 3W1

Features & Finishes

Heating

Hot Water · Natural Gas

Flooring

Hardwood · Tile

Appliances

Washer/Dryer · Dishwasher · Refrigerator · Stove · Microwave

Laundry

In Unit

Fireplace

Gas · Wood Burning

Patio / Porch

Patio · Deck

Windows

Window Coverings

Exterior Features

Garden · Balcony · Private Yard

Building & Community

Transit

Blocks away

Schools

400 metres

Lot Features

Central Location, Recreation Nearby

Water Source

Public

Sewer

Public Sewer, Sanitary Sewer, Storm Sewer

Utilities

Community, Electricity Connected, Natural Gas Connected, Water Connected

Community

Shopping Nearby

Disclosures

Property Disclosure

Yes

Coordinates: 49.241732, -123.153254 · Map data © Google

5.3

Above Market

Deal Score out of 10

Priced above comparable sales — may have room to negotiate.

Value vs market138% above market — check if justified
Days on market354 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

$5,084,452

5.5% below asking price

Negotiation Range

$4,949,952$5,165,152

$215,200 spread

$4,949,952$5,380,000 ask

Based on 82 recent sales, a starting offer around $5,084,452 (5.5% below ask) is reasonable. Your negotiation range is $4,949,952 – $5,165,152.

What's factored in

Market baseline82 recent Vancouver sales closed at median 96.8% of list price
Extended market time354 days listed — well above market avg of 175 days, increased negotiation leverage
Above-average DOM354d 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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