Exceptional investment opportunity in the heart of East Vancouver’s sought after Commercial Drive neighborhood. This 3 level walk-up apartment building features 9 modern 1 bedroom units, each with private outdoor space, dishwashers and in-suite laundry. The units have all been recently and tastefully updated, including flooring, kitchens and bathrooms. Set on a large 50' x 122' lot, the building is in excellent condition with low tenant turnover. Unbeatable location on a quiet tree-lined street just steps to restaurants, shops, transit and bike routes, with easy access to downtown and the new St. Paul’s Hospital. This is a fantastic, turnkey revenue property with a solid cap rate in one of the city’s most popular, high demand areas.
| Basement Finished Area (sqft) | 0 |
|---|---|
| Basement Features | None |
| Interior Features | Storage |
| Heating Type | Baseboard, Hot Water |
| Laundry | In Unit |
| # of Kitchens | 9 |
| Flooring | Laminate, Tile |
| Foundation | Slab |
| Exterior Features | Balcony |
|---|---|
| View Description | Mountain |
| Structures | Multi Family |
| Price | $4,098,000 |
|---|---|
| Total Bedrooms | 9 |
| Total Bathrooms | 9 |
| Full Bathrooms | 9 |
| Half Bathrooms | 0 |
| Floor Area Total (sqft) | 6216 |
| Year Built | 1965 |
| Age Of Building | 61 |
| Building Type | Other |
| Property Type | Residential Income |
| Architecture Style | 3 Storey |
| Stories | 3 |
| Building Name | The Drive |
| Ownership Type | Freehold NonStrata |
| Utility Type | Electricity Connected, Natural Gas Connected, Water Connected |
| Utility Sewer | Public Sewer, Sanitary Sewer, Storm Sewer |
| Water (WaterSource) | Public |
| Parking Type | Open, Rear Access |
| Total Parking Spaces | 5 |
| Lot Size | 6100 |
|---|---|
| Lot Size Depth | Feet |
| Lot Size Frontage | 50 |
| MLS® # | R3109349 |
| Area | Vancouver East |
| Neighbourhood | Grandview Woodland |
| City | Vancouver |
| Postal Code | V5L 2L2 |
| Gross Taxes | $11,443 |
| Zoning | RT-5 |
| Floor | Type | Dimensions |
|---|---|---|
| Main Level | Living Room | 13'1 x 13'1 ft |
| Main Level | Kitchen | 9'2 x 9'2 ft |
| Main Level | Bedroom | 9'4 x 9'4 ft |
| Main Level | Living Room | 15'8 x 15'8 ft |
| Main Level | Kitchen | 12'2 x 12'2 ft |
| Main Level | Bedroom | 10'1 x 10'1 ft |
| Main Level | Living Room | 13'3 x 13'3 ft |
| Main Level | Kitchen | 7'10 x 7'10 ft |
| Main Level | Bedroom | 9'5 x 9'5 ft |
| Main Level | Storage | 7'2 x 7'2 ft |
| Above Level | Living Room | 13'7 x 13'7 ft |
| Above Level | Kitchen | 9'4 x 9'4 ft |
| Above Level | Bedroom | 14'1 x 14'1 ft |
| Above Level | Living Room | 14'6 x 14'6 ft |
| Above Level | Kitchen | 8'11 x 8'11 ft |
| Above Level | Bedroom | 14'5 x 14'5 ft |
| Above Level | Living Room | 18'1 x 18'1 ft |
| Above Level | Kitchen | 7'7 x 7'7 ft |
| Above Level | Bedroom | 14'2 x 14'2 ft |
| Abv Main 2 | Living Room | 15'11 x 15'11 ft |
| Abv Main 2 | Kitchen | 9'3 x 9'3 ft |
| Abv Main 2 | Bedroom | 14'1 x 14'1 ft |
| Abv Main 2 | Living Room | 14'6 x 14'6 ft |
| Abv Main 2 | Kitchen | 8'11 x 8'11 ft |
| Abv Main 2 | Bedroom | 11'11 x 11'11 ft |
| Abv Main 2 | Living Room | 21'6 x 21'6 ft |
| Abv Main 2 | Kitchen | 7'6 x 7'6 ft |
| Abv Main 2 | Bedroom | 14'2 x 14'2 ft |
| Floor | Ensuite | Pieces |
|---|---|---|
| Main Level | No | #3 |
| Main Level | No | #3 |
| Main Level | No | #3 |
| Above Level | No | #3 |
| Above Level | No | #3 |
Listed by: Stilhavn Real Estate Services & Stilhavn Real Estate Services
NOTE: This representation is based in whole or in part on data generated by the Chilliwack & District Real Estate Board, Fraser Valley Real Estate Board or Greater Vancouver REALTORS® which assumes no responsibility for its accuracy.
Public Schools
Information includes BC Government Open License data; school details change often and are offered solely as general guidance.
Private Schools
Closest Transit
Crime Rate
Demographics
Noise/ Power Lines
Other
1923 Parker Street has a sell-speed score of 50/100, placing it in the "Expected to sell at a moderate pace" band. The listing is has limited comparable pricing data available. Based on these signals, EstateBlock predicts this listing is may take several weeks to attract serious offers.
Natural hazards vary by location and can change over time. The following provides a summary of potential impacts to this area, postal code V5L 2L2, over the next 30 years. Projections use the 2041–2070 period (2050s) under a moderate emissions scenario (SSP2-4.5).
Outside of designated flood hazard zones. Under 10% of buildings in this area have flood risk over the next 30 years.
Located within the "Vancouver" WUI zone (Risk Class 5 — Low). Based on BC Wildfire Service provincial WUI Risk Class mapping; not a site-specific assessment.
Annual avg PM2.5 5.1 µg/m³ — meets Canada's CAAQS (BC ENV 2024). Nearest station: Vancouver Clark Drive, Vancouver (~2 km). Annual avg AQHI 2.2 — Low Risk.
Vancouver currently sees ~1 days above 30 °C per year (1981–2010 baseline), projected to rise to ~6 by the 2050s (SSP2-4.5 moderate emissions). Hottest day of the year: ~29.7 °C baseline, ~32 °C projected. Tropical nights (>18 °C): ~0 baseline, ~4 projected.
Annual precipitation ~1515 mm (1981–2010 baseline), projected ~1575 mm by the 2050s. Extreme 1-day rainfall: ~50.5 mm baseline, ~57 mm projected. Values vary modestly across the Lower Mainland.
Longest annual dry spell (consecutive dry days): ~22 days baseline, ~24 days projected for the 2050s. CDD is used as a regional drought proxy; drought risk varies modestly across the Lower Mainland.
| School | Type | Grades Served | Catchment Info | Rating | Distance |
|---|---|---|---|---|---|
Calculate your commute
1923 Parker St, Vancouver, BC is ideally located for commuters. The property is 1.6 km from Commercial-Broadway, with a 31 min SkyTrain ride to Downtown Vancouver (Waterfront Station). The closest bus stop is Northbound Commercial Dr @ Napier St (0.33 km). Walk Score Transit rating: Good Transit (67/100).
| Year | Land | Improvements | Total Assessed | YOY Change |
|---|---|---|---|---|
| 2026 | $2,127,000 | $1,273,000 | $3,400,000 |
-5.6%
|
| 2025 | $2,158,400 | $1,442,000 | $3,600,400 |
+9.5%
|
| 2024 | $2,033,800 | $1,253,000 | $3,286,800 |
+22.6%
|
| 2023 | $2,237,000 | $443,000 | $2,680,000 |
+2.3%
|
| 2022 | $2,111,000 | $510,000 | $2,621,000 | — |
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