2316 E 1ST AVENUE

Vancouver · MLS® R3021767

4 bed · 3 bath · 2,016 sq ft · 3,651 sq ft lot · 2 parking

House · Single Family · built 1976 · 464 days on market

Listed by Michelle Huang, Magsen Realty Inc.

Realtor's description

Rare opportunity for investors and developers! Land assembly of 4 contiguous lots stretching to the corner of E 1st Ave and Garden Dr. Zoned RM-12N, allowing for 3.5 to 4-storey apartment or townhouse development. Located in a vibrant East Vancouver neighbourhood near Nanaimo St, with transit, schools, and shopping close by. Solid 2-storey home with back lane access. Excellent potential in a fast-growing area - bring your development ideas! Buyer to verify all details with City of Vancouver.

Property details

Type: House, Single Family
Bedrooms: 4
Bathrooms: 3
Living area: 2,016 sq ft
Lot: 3,651 sq ft
Parking: 2
Year built: 1976
Property tax: $6,640 / yr
Days on market: 464
MLS®: R3021767

Features

Central location
All

Price check

Above typical for the area (+17%)

2026 assessment: $1,456,100 · asking is +63%
Price per sq ft: $1,181 vs $1,008 median for houses in Vancouver for sale (1704)

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 464 days · no price changes so far

The market here

Listed now: 56 days; median for 1817 houses for sale; this one 464 days

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

Property tax by year

Year	Assessed	Est. tax
2026	$1,456,100	$4,896

The listing shows $6,640 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

$10,923/mo

Mortgage $10,369 · Tax $553

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

estimated payment

$10,369/ monthly

loan $1,904,000

25-year amortization

down payment20% · $476,00020%+ 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: $1,206,830
property transfer tax: $49,400; BC general rate
cash to close: $525,400; down + PTT
total paid: $3,110,830

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: 340 m² (3,660 sq ft) · PID 008-888-884. From ParcelMap BC; property lines are approximate, a survey is the legal boundary.

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Location

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Schools

Catchment schools, Vancouver School Board

Elementary Nelson Elementaryhomes in this catchment
400 m away · 1355 Garden Drive, Vancouver · 604-713-4595
Secondary Vancouver Technical Secondaryhomes in this catchment
1.1 km away · 2600 Broadway E, Vancouver · 604-713-8215

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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