1215 E 48th Avenue

1 / 39

$1,828,000

1215 E 48th Avenue

Vancouver · MLS® R3168439

536

2,740 sq ft · 5,400 sq ft lot · House · Single Family · built 1970 · 35 days on market

listed by Michael Riehl, Century 21 In Town Realty

realtor's description

Excellent Opportunity! Priced well below assessed value. Situated on an approximately 50'X108' lot, this property offers flexibility for buyers looking to renovate and make the home their own, as well as those exploring future redevelopment potential. The existing home features a renovated functional upper-level living space, while the lower level presents an opportunity for a buyer to undertake renovations and create additional living space tailored to their needs. For builders and investors, the substantial lot also offers potential for multi-unit redevelopment under the City of Vancouver´s R1-1 zoning framework, with new multiplex projects already taking shape throughout the surrounding East Vancouver neighbourhoods. This property offers multiple possibilities in an established East Vancouver community. Call for more information.

property details

type: House, Single Family
bedrooms: 5
bathrooms: 3
living area: 2,740 sq ft
lot: 5,400 sq ft
parking: 6
year built: 1970
property tax: $9,451 / yr
days on market: 35
MLS®: R3168439

monthly cost

$8,752/mo

Mortgage $7,964 · Tax $788

20% down at 4.34% fixed (Ratehub.ca), 25 years; tax from the listing.

estimated payment

$7,964/ monthly

loan $1,462,400

25-year amortization

down payment20% · $365,60020%+ down: no mortgage insuranceinterest rate4.34%Rates from Ratehub.ca (best 5-year fixed and variable), checked Oct 28, 2026. Semi-annual compounding; your lender's rate may differ.amortizationpayment frequency

total interest: $926,926
property transfer tax: $34,560; BC general rate
cash to close: $400,160; down + PTT
total paid: $2,389,326

first-time buyernewly builtforeign national

Estimates only. Rates change daily and lenders qualify at the stress-test rate. Talk to a mortgage broker before you offer. Transfer tax: 1% to $200k, 2% to $2M, 3% to $3M, 5% above. First-time buyers pay nothing on the first $500k for homes up to $835k (phasing out by $860k); newly built homes are exempt up to $1.1M (phasing out by $1.15M). Both need Canadian citizenship or permanent residence and other conditions; the 20% foreign buyer tax applies in Metro Vancouver, the Fraser Valley, the Capital Region, Central Okanagan and Nanaimo.

location

VancouverGoogle Maps ↗

schools

Catchment schools, Vancouver School Board

Elementary Fleming Elementaryhomes in this catchment
400 m away · 6363 Lanark St, Vancouver · 604-713-4793
Secondary David Thompson Secondaryhomes in this catchment
1000 m away · 1755 55th Ave E, Vancouver · 604-713-8278

From the Vancouver School Board's published catchment maps. A catchment gives priority, not a guaranteed seat, and French immersion and choice programs work differently. The district confirms catchment: check with its school locator.

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