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$1,574,800

505 N PENTICTON STREET

Vancouver · MLS® R3167501

2 bed · 1 bath · 2,566 sq ft · 3,861 sq ft lot · 4 parking

House · Single Family · built 1920 · 18 days on market

Listed by Hafez Panju, Royal LePage West Real Estate Services

Realtor's description

Prime redevelopment opportunity in the highly desirable Hastings-Sunrise neighbourhood! Situated on a flat 39' × 99' lot (3,861 sq. ft.) with R1-1 zoning, this 99-year-old home is being sold primarily for land value. An excellent opportunity for builders, developers, or buyers looking to create a custom home in one of East Vancouver´s most sought-after communities. Gorgeous location close to parks, schools, shopping, restaurants, transit, and everyday amenities, with quick and convenient access to downtown Vancouver. Buyers to verify all redevelopment options with the City of Vancouver.

Property details

Type: House, Single Family
Bedrooms: 2
Bathrooms: 1
Living area: 2,566 sq ft
Lot: 3,861 sq ft
Parking: 4
Year built: 1920
Property tax: $7,761 / yr
Days on market: 18
MLS®: R3167501

Price check

2026 assessment: $1,583,300 · asking is -0.5%
Price per sq ft: $614 vs $1,010 median for houses in Vancouver for sale (1747)

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 18 days · no price changes so far

The market here

Listed now: 53 days; median for 1860 houses for sale; this one 18 days

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

Property tax by year

Year	Assessed	Est. tax
2026	$1,583,300	$5,324

The listing shows $7,761 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

$7,508/mo

Mortgage $6,861 · Tax $647

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

estimated payment

$6,861/ monthly

loan $1,259,840

25-year amortization

down payment20% · $314,96020%+ 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: $798,536
property transfer tax: $29,496; BC general rate
cash to close: $344,456; down + PTT
total paid: $2,058,376

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

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Location

VancouverGoogle Maps ↗

Schools

Catchment schools, Vancouver School Board

Elementary Hastings Elementaryhomes in this catchment
800 m away · 2625 Franklin St, Vancouver · 604-713-5507
Secondary Templeton Secondaryhomes in this catchment
1.4 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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