5050 Main Street, Vancouver, V5W 2R3 — photo 1

$2,888,000

5050 Main Street, Vancouver, V5W 2R3
Active
2 Bedrooms 1 Bathrooms 771 sqft Built 1953 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

INVESTOR & BUILDER ALERT: This 3,696 sq. ft. lot in Vancouver’s premier Main Street corridor offers significant development potential under 2026 Small-Scale Multi-Unit Housing (SSMUH) mandates, allowing for increased density such as a multiplex or townhome project. Prospective buyers are advised to perform their own due diligence with the City of Vancouver regarding specific development potential, requirements and permits. Currently featuring a solid 2-bedroom rancher with mountain views and a detached garage, the property provides immediate holding income. Located steps from Nat Bailey Stadium, Queen Elizabeth and Riley Park’s vibrant cafes, this site boasts exceptional transit access to Downtown and UBC. Purchase individually or as a strategic land assembly with adjacent properties.

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Property Details

MLS #

R3075422

Status

Active

Type

Residential

Sub-type

Single Family Residence

Ownership

Freehold NonStrata

Zoning

RT-2

Bedrooms

2

Full Baths

1

Half Baths

0

Kitchens

1

Fireplaces

0

Living Area

771 sqft

Main Floor

771 sqft

Lot Size

3,696 sqft

Lot Dimensions

33 x 112

Frontage

33

Year Built

1953

Age

73 years

Roof

Asphalt

Construction

Frame Wood, Mixed (Exterior)

Structure

Residential Detached

Parking Stalls

2

Garage Size

10'9 X 19'8

Parking Type

Detached, Side Access

Original Price

$2,888,000

Taxes

$3,627.55/yr

Listed

2026-01-01

MLS Area

Main

City

Vancouver

Postal Code

V5W 2R3

Features & Finishes

Heating

Forced Air

Flooring

Mixed

Appliances

Washer/Dryer · Dishwasher · Refrigerator · Stove

Patio / Porch

Patio

Windows

Window Coverings

Building & Community

Transit

1 BLOCK

Schools

1 BLOCK

View

SOME MOUNTAIN VIEWS

Lot Features

Central Location, Lane Access, Recreation Nearby

Water Source

Public

Sewer

Public Sewer

Utilities

Electricity Connected, Natural Gas Connected

Community

Shopping Nearby

Disclosures

Property Disclosure

No

Coordinates: 49.239366, -123.101170 · Map data © Google

5.3

Above Market

Deal Score out of 10

Priced above comparable sales — may have room to negotiate.

Value vs market293% above market — check if justified
Days on market124 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

$2,743,789

5% below asking price

Negotiation Range

$2,671,589$2,787,109

$115,520 spread

$2,671,589$2,888,000 ask

Based on 82 recent sales, a starting offer around $2,743,789 (5% below ask) is reasonable. Your negotiation range is $2,671,589 – $2,787,109.

What's factored in

Market baseline82 recent Vancouver sales closed at median 96.8% of list price
Extended market time124 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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