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$2,298,000

968 E 31ST AVENUE

Vancouver · MLS® R3160514

8 bed · 6 bath · 2,627 sq ft · 3,696 sq ft lot · 2 parking

House · Single Family · built 2004 · 38 days on market

Listed by Sanjin Cvetkovic, Century 21 In Town Realty

Realtor's description

Well-maintained and versatile 2-storey home with laneway house in the highly sought-after Fraser neighbourhood-just steps to Grays Park and set on a quiet, family-friendly street. Built in 2004, this property offers exceptional flexibility for multi-generational living or strong rental income. The main home features a total of 6 bedrooms and 4 bathrooms, including a spacious 3-bedroom, 2-bathroom upper-level residence with hardwood flooring, granite countertops, stainless steel appliances, and a cozy gas fireplace. The main floor includes two self-contained suites: one 2-bedroom suite and one 1-bedroom suite-ideal mortgage helpers. At the rear, a modern 2-bedroom, 2-bathroom laneway house (built in 2016) provides additional income potential or private living space. A fantastic opportunity in a prime East Vancouver location close to parks, schools, transit, and vibrant Fraser Street amenities.

Property details

Type: House, Single Family
Bedrooms: 8
Bathrooms: 6
Living area: 2,627 sq ft
Lot: 3,696 sq ft
Parking: 2
Year built: 2004
Property tax: $8,169 / yr
Days on market: 38
MLS®: R3160514

Features

Central location
All

Floor plans

Found among the listing photos.

Price check

Below typical for the area (-14%)

2026 assessment: $2,405,000 · asking is -4.4%
Price per sq ft: $875 vs $1,013 median for houses in Vancouver for sale (1712)

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 38 days · no price changes so far

The market here

Listed now: 55 days; median for 1822 houses for sale; this one 38 days

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

Property tax by year

Year	Assessed	Est. tax
2026	$2,405,000	$8,087

The listing shows $8,169 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

$10,693/mo

Mortgage $10,012 · Tax $681

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

estimated payment

$10,012/ monthly

loan $1,838,400

25-year amortization

down payment20% · $459,60020%+ 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: $1,165,250
property transfer tax: $46,940; BC general rate
cash to close: $506,540; down + PTT
total paid: $3,003,650

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.

If you rented it out

Suite rent: $1,704/mo
Your cost after the suite: $9,300/mo; vs $10,868 without it

Suite rent / moDown payment %Rate %

Costs: mortgage $10,012 · tax $681 · insurance ~$175 · vacancy 3% · upkeep 5%.

Rent starts at CMHC's average for a 3+ bedroom (1-bedroom for the suite) in Mount Pleasant/Renfrew Heights, Vancouver (CMHC Rental Market Survey, October 2025). Averages include long-time tenants, so new leases usually ask more; houses usually rent for more than apartments. 25-year mortgage; rental purchases need at least 20% down.

BC rules for landlords

Short-term rentals are limited to the host's principal residence in most communities. gov.bc.ca
Rent increases are capped once a year at the province's set amount. gov.bc.ca
The speculation and vacancy tax applies in many areas to homes not lived in or rented out. gov.bc.ca
Vancouver also charges an empty homes tax. vancouver.ca
Selling within two years of buying can trigger the BC home flipping tax. gov.bc.ca

Location

Lot outline: 345 m² (3,714 sq ft) · PID 025-956-353. 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 McBride Elementaryhomes in this catchment
500 m away · 1300 29th Ave E, Vancouver · 604-713-4971
Secondary Sir Charles Tupper Secondaryhomes in this catchment
1.0 km away · 419 24th Ave E, Vancouver · 604-713-8233

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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