$1,980,000

1616 NANAIMO STREET

Vancouver · MLS® R3161711

3 bed · 2 bath · 2,577 sq ft · 4,995 sq ft lot · 2 parking

House · Single Family · built 1949 · 35 days on market

Listed by Maurizio Mastronardi, Sutton Group-West Coast Realty

Realtor's description

Attention, developers, and investors. Great holding revenue. This prime development opportunity, awaits your ideas. possibly to assemble from 13,598 sq. ft. to 27,590 sq. ft Currently C1 zoning city has indicated the developer can apply for C2 possibly up to 3.2 FSR. This site is located in a highly desirable area just minutes to the drive. Buyer to verify the use and potential with the city of Vancouver.

Property details

Type: House, Single Family
Bedrooms: 3
Bathrooms: 2
Living area: 2,577 sq ft
Lot: 4,995 sq ft
Parking: 2
Year built: 1949
Property tax: $8,043 / yr
Days on market: 35
MLS®: R3161711

Features

Central location
Refrigerator
Stove
Washer & Dryer

Price check

Below typical for the area (-24%)

2026 assessment: $1,579,200 · asking is +25%
Price per sq ft: $768 vs $1,012 median for houses in Vancouver for sale (1713)

An estimate from public BC Assessment records, registered sales and the listings for sale right now, not an appraisal. Condition, renovations, views and lot all move real value.

Property insights

On market 35 days · no price changes so far

The market here

Listed now: 56 days; median for 1823 houses for sale; this one 35 days

Houses in Vancouver. Sale prices register 1 to 3 months after a sale closes.

Property tax by year

Year	Assessed	Est. tax
2026	$1,579,200	$5,310

The listing shows $8,043 a year in property tax.

Estimate: the BC Assessment value times Vancouver's residential tax rate for that year (Province of BC, local government statistics). Leaves out the home owner grant, parcel taxes and utility charges; the city's tax notice is the real figure.

Monthly cost

$9,297/mo

Mortgage $8,627 · Tax $670

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

estimated payment

$8,627/ monthly

loan $1,584,000

25-year amortization

down payment20% · $396,00020%+ down: no mortgage insuranceinterest rate4.34%Rates from Ratehub.ca (best 5-year fixed and variable), checked Oct 9, 2026. Semi-annual compounding; your lender's rate may differ.amortizationpayment frequency

total interest: $1,004,001
property transfer tax: $37,600; BC general rate
cash to close: $433,600; down + PTT
total paid: $2,588,001

Estimates only. Rates change daily and lenders qualify at the stress-test rate; first-time-buyer and newly-built PTT exemptions aren't applied. Talk to a mortgage broker before you offer.

Location

Lot outline: 461 m² (4,962 sq ft) · PID 011-277-998. From ParcelMap BC; property lines are approximate, a survey is the legal boundary.

VancouverGoogle Maps ↗

Location

VancouverGoogle Maps ↗

Schools

Catchment schools, Vancouver School Board

Elementary Nelson Elementaryhomes in this catchment
300 m away · 1355 Garden Drive, Vancouver · 604-713-4595
Secondary Templeton Secondaryhomes in this catchment
1000 m away · 727 Templeton Dr, Vancouver · 604-713-8984

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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