RT-5 Zoned Development Opportunity in Prime Commercial Drive Location Attention builders, investors, and developers, this 3,175 SF lot offers exceptional redevelopment potential in one of Vancouver’s most sought-after neighbourhoods. Located steps from Commercial Drive and SkyTrain access, this property sits in a high-demand, transit-oriented area ideal for multi-unit or character retention projects (buyer to verify with City). The existing 1925 home offers 6 bedrooms and 2 bathrooms but is best suited for renovation, holding, or redevelopment. Surrounded by strong resale demand and vibrant community amenities, this is a rare opportunity to secure land value in a premium East Vancouver location. Opportunities like this are increasingly rare! Explore the potential today!
Property Type:
Residential
Dwelling Type:
Single Family Residence
Home Style:
Two Levels
Ownership:
Freehold NonStrata
Year built:
1925
(Age: 101)
Living Area:
1,763 sq. ft.164 m2
Floor Area - Unfinished:
0 sq. ft.0 m2
Building Area - Total:
1,763 sq. ft.164 m2
Levels:
Two
Bedrooms:
6
(Above Grd: 6)
Bathrooms:
2.0
(Full:2/Half:0)
Kitchens:
2
Rooms:
9
Taxes:
$7,832.73 /
2025
Lot Area:
3,175 sq. ft.295 m2
Lot Frontage:
25'7.62 m
Lot Details:
25 x 127
Outdoor Area:
Fenced, Balcony
Water Supply:
Public
Plan:
VAP222, 1771
Construction Materials:
Concrete, Frame Wood, Other (Exterior)
Foundation:
Concrete Perimeter
Basement:
None
Property Condition:
Renovation Addition
Roof:
Other
No. Floor Levels:
2.0
Floor Finish:
Concrete, Laminate
Floor Area Fin - Above Grade:
928 sq. ft.86.2 m2
Floor Area Fin - Above Main:
0 sq. ft.0 m2
Floor Area Fin - Above Main 2:
0 sq. ft.0 m2
Floor Area Fin - Main:
928 sq. ft.86.2 m2
Floor Area Fin - Below Main:
835 sq. ft.77.6 m2
Floor Area Fin - Below Grade:
0 sq. ft.0 m2
Floor Area Fin - Basement:
0 sq. ft.0 m2
Floor Area Fin - Total:
1,763 sq. ft.164 m2
Heating:
Baseboard
Fireplaces:
0
Patio And Porch Features:
Patio, Deck
Parking Features:
Open, Gravel
Parking:
Open
Driveway:
Gravel Parking
Flood Plain:
No
Suite:
Legal Suite
Balcony
Central Location
1
LOT 63, BLOCK 153, PLAN VAP222, PART E1/2, DISTRICT LOT 264A, NEW WESTMINSTER LAND DISTRICT, & PL 1771
Floor
Type
Size
Other
Main
Bedroom
10'3.05 m × 10'3.05 m
-
Main
Bedroom
10'3.05 m × 9'2.74 m
-
Main
Bedroom
10'3.05 m × 10'3.05 m
-
Main
Kitchen
12'3.66 m × 12'3.66 m
-
Main
Living Room
14'4.27 m × 12'3.66 m
-
Below
Bedroom
15'4.57 m × 12'3.66 m
-
Below
Bedroom
12'3.66 m × 10'3.05 m
-
Below
Bedroom
12'3.66 m × 10'3.05 m
-
Below
Kitchen
14'4.27 m × 12'3.66 m
-
Floor
Ensuite
Pieces
Other
Main
No
3
Below
No
3
Age Restrictions:
No
GST Included:
No
Tax Utilities Included:
false
Dist to Public Trans:
LESS THAN 1KM
Property Disclosure:
Yes
Fixtures Leased:
No
Fixtures Removed:
No
Home Owners Association:
No
Previous Price:
$1,499,900
Original Price:
$1,499,900
Land Lease:
No
Zoning:
RT-5
Utilities:
Electricity Connected, Water Connected
Electricity:
Yes
Fencing:
Fenced
Sewer:
Public Sewer
View of front of house with stucco siding, a fenced front yard, and a wooden deck
View of front of house with a fenced front yard and stucco siding
View of front facade with stucco siding and a gate
Aerial perspective of suburban area featuring property parcel outlined
Aerial view of property's location with nearby urban area and mountains
Aerial view of residential area
Aerial overview of property's location featuring nearby urban area
Aerial perspective of suburban area featuring mountains
View of urban area with property parcel outlined
Aerial overview of property's location with nearby suburban area
Aerial view of property's location with mountains and nearby urban area
Aerial view of property's location featuring nearby urban area
Aerial perspective of suburban area with property parcel outlined
Aerial view of residential area featuring property boundaries highlighted
Aerial perspective of suburban area
Aerial view of residential area featuring a mountain backdrop and property boundaries highlighted
Back of property with a balcony
View of street
Rear view of house with a fenced backyard, stucco siding, and a deck
Data was last updated April 16, 2026 at 01:35 AM (UTC)
Area Statistics
Listings on market:
151
Avg list price:
$1,499,000
Min list price:
$425,000
Max list price:
$5,400,000
Avg days on market:
37
Min days on market:
1
Max days on market:
736
Avg price per sq.ft.:
$1,041.6
These statistics are generated based on the current listing's property type
and located in
Grandview Woodland. Average values are
derived using median calculations. This data is not produced by
the MLS® system.
The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Greater Vancouver REALTORS® (GVR), the Fraser Valley Real Estate Board (FVREB) or the Chilliwack and District Real Estate Board (CADREB). Real estate listings held by participating real estate firms are marked with the MLS® logo and detailed information about the listing includes the name of the listing agent. This representation is based in whole or part on data generated by either the GVR, the FVREB or the CADREB which assumes no responsibility for its accuracy. The materials contained on this page may not be reproduced without the express written consent of either the GVR, the FVREB or the CADREB.