Rare opportunity for investors and developers! Land assembly of 4 contiguous lots stretching to the corner of E 1st Ave and Garden Dr. Zoned RM-12N, allowing for 3.5 to 4-storey apartment or townhouse development. Located in a vibrant East Vancouver neighbourhood near Nanaimo St, with transit, schools, and shopping close by. Solid 2-storey home with back lane access. Excellent potential in a fast-growing area - bring your development ideas! Buyer to verify all details with City of Vancouver.
| Basement Finished Area (sqft) | 0 |
|---|---|
| Basement Features | None |
| Appliances Included | Washer/Dryer, Dishwasher, Refrigerator, Stove |
| Fireplace | 1 |
| Heating Type | Forced Air, Natural Gas |
| # of Kitchens | 2 |
| Foundation | Concrete Perimeter |
| Structures | Residential Detached |
|---|
| Price | $2,380,000 |
|---|---|
| Total Bedrooms | 4 |
| Total Bathrooms | 3 |
| Full Bathrooms | 3 |
| Half Bathrooms | 0 |
| Floor Area Total (sqft) | 2016 |
| Year Built | 1976 |
| Age Of Building | 50 |
| Building Type | Single Family Residence |
| Property Type | Residential |
| Stories | 2 |
| Ownership Type | Freehold NonStrata |
| Community Features | Shopping Nearby |
| Utility Type | Electricity Connected, Natural Gas Connected, Water Connected |
| Utility Sewer | Public Sewer, Sanitary Sewer |
| Water (WaterSource) | Public |
| Parking Type | Carport Multiple, Lane Access, Rear Access |
| Total Parking Spaces | 2 |
| Rental Suites | Unauthorized Suite |
| Lot Size | 3650.51 |
|---|---|
| Lot Size Depth | Feet |
| Lot Size Frontage | 32.74 |
| MLS® # | R3021767 |
| Area | Vancouver East |
| Neighbourhood | Grandview Woodland |
| City | Vancouver |
| Postal Code | V5N 1C3 |
| Gross Taxes | $6,639.62 |
| Zoning | RM-12 |
| Status | Date | Price |
|---|---|---|
| R3021767 / Active | 06-30-2025 | $2,380,000 |
| Floor | Type | Dimensions |
|---|---|---|
| Main Level | Living Room | 18'9 x 18'9 ft |
| Main Level | Dining Room | 9' x 9' ft |
| Main Level | Kitchen | 9' x 9' ft |
| Main Level | Primary Bedroom | 13' x 13' ft |
| Main Level | Bedroom | 11'5 x 11'5 ft |
| Main Level | Bedroom | 11' x 11' ft |
| Above Level | Living Room | 18'6 x 18'6 ft |
| Above Level | Dining Room | 11' x 11' ft |
| Above Level | Kitchen | 11' x 11' ft |
| Above Level | Bedroom | 12' x 12' ft |
| Floor | Ensuite | Pieces |
|---|---|---|
| Main Level | No | #4 |
| Main Level | No | #3 |
| Above Level | No | #4 |
Listed by: Magsen Realty Inc.
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
2316 E 1st Avenue 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 V5N 1C3, 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 (~1.8 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 |
|---|---|---|---|---|---|
| Schools Near 2316 E 1st Avenue | |||||
Calculate your commute
2316 E 1st Ave, Vancouver, BC is ideally located for commuters. The property is 1.1 km from Commercial-Broadway, with a 26 min SkyTrain ride to Downtown Vancouver (Waterfront Station). The closest bus stop is Southbound Nanaimo St @ E 1st Ave (0.06 km). Walk Score Transit rating: Good Transit (63/100).
| Year | Land | Improvements | Total Assessed | YOY Change |
|---|---|---|---|---|
| 2026 | $1,359,000 | $97,100 | $1,456,100 |
-5.5%
|
| 2025 | $1,443,000 | $97,900 | $1,540,900 |
+0.3%
|
| 2024 | $1,438,000 | $98,500 | $1,536,500 |
+4.1%
|
| 2023 | $1,374,000 | $102,000 | $1,476,000 |
+4.2%
|
| 2022 | $1,311,000 | $105,000 | $1,416,000 | — |
Comparable data is unavailable at the neighbourhood level. City-wide in Vancouver, similar Single Family Residences average $1,762,200 across 10 active listings — this listing is 35.1% above the Vancouver average.
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