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$2,000,000

2920 GRAVELEY STREET

Vancouver · MLS® R3156435

6 bed · 2 bath · 2,244 sq ft · 4,255 sq ft lot · 1 parking

House · Single Family · built 1950 · 52 days on market

Listed by Emily Choi, Latitude Realty Inc.

Realtor's description

Rare opportunity to own a detached home on desirable C-1 commercial zoning! This unique property offers exceptional flexibility for homeowners, investors, developers and business owners alike. Continue using the property as a residence, hold as an investment, or explore future redevelopment and mixed-use opportunities, subject to City of Vancouver approval. C-1 zoning permits a wide range of commercial and residential uses. Adjacent C-1 property is also available for sale, creating a rare opportunity for land assembly and enhanced redevelopment potential. Conveniently located close to transit, schools, parks, shopping and everyday amenities. Buyers to verify all zoning, permitted uses and redevelopment potential with the City of Vancouver.

Property details

Type: House, Single Family
Bedrooms: 6
Bathrooms: 2
Living area: 2,244 sq ft
Lot: 4,255 sq ft
Parking: 1
Year built: 1950
Property tax: $8,259 / yr
Days on market: 52
MLS®: R3156435

Features

Price check

Below typical for the area (-12%)

2026 assessment: $1,709,900 · asking is +17%
Price per sq ft: $891 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 52 days · no price changes so far

The market here

Listed now: 56 days; median for 1817 houses for sale; this one 52 days

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

Property tax by year

Year	Assessed	Est. tax
2026	$1,709,900	$5,750

The listing shows $8,259 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

$9,402/mo

Mortgage $8,714 · Tax $688

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

estimated payment

$8,714/ monthly

loan $1,600,000

25-year amortization

down payment20% · $400,00020%+ 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: $1,014,142
property transfer tax: $38,000; BC general rate
cash to close: $438,000; down + PTT
total paid: $2,614,142

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: 397 m² (4,273 sq ft) · PID 009-727-752. From ParcelMap BC; property lines are approximate, a survey is the legal boundary.

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Location

VancouverGoogle Maps ↗

Schools

Catchment schools, Vancouver School Board

Elementary wək̓ʷan̓əs tə syaqʷəm Elementaryhomes in this catchment
Secondary Templeton Secondaryhomes in this catchment
1.5 km 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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