$1,788,000
By car (off-peak)
Sold
PRIME EAST VANCOUVER MULTI-FAMILY DEVELOPMENT OPPORTUNITY! A rare offering in a rapidly evolving neighborhood, this 4230 SQFT site strategically located just off Kingsway on Inverness St, well-positioned for potential rezoning, allowing for apartment developments with residential rental tenure at FSRs up to 2.40 (subject to city approval). This is an ideal opportunity for developers looking to invest in a highly sought-after East Vancouver location. Contact us today for more details on this exceptional investment opportunity!
| Basement Finished Area (sqft) | 890 |
|---|---|
| Basement Features | Crawl Space, Full, Finished |
| Fireplace | 0 |
| Heating Type | Forced Air, Natural Gas |
| Laundry | In Unit |
| # of Kitchens | 1 |
| Flooring | Wall/Wall/Mixed |
| Foundation | Concrete Perimeter |
| Roof | Asphalt |
|---|---|
| Structures | Residential Detached |
| Price | $1,688,000 |
|---|---|
| Total Bedrooms | 5 |
| Total Bathrooms | 2 |
| Full Bathrooms | 2 |
| Half Bathrooms | 0 |
| Floor Area Total (sqft) | 1780 |
| Year Built | 1939 |
| Age Of Building | 87 |
| 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 |
| Utility Sewer | Public Sewer, Sanitary Sewer |
| Water (WaterSource) | Public |
| Parking Type | Other, Guest |
| Total Parking Spaces | 1 |
| Rental Suites | Legal Suite |
| Lot Size | 4230 |
|---|---|
| Lot Size Depth | Feet |
| Lot Size Frontage | 33 |
| MLS® # | R3127416 |
| Area | Vancouver East |
| Neighbourhood | Knight |
| City | Vancouver |
| Postal Code | V5V 4V6 |
| Gross Taxes | $8,037.55 |
| Zoning | MF |
| Floor | Type | Dimensions |
|---|---|---|
| Main Level | Living Room | 16'0 x 16'0 ft |
| Main Level | Kitchen | 13'0 x 13'0 ft |
| Main Level | Primary Bedroom | 12'0 x 12'0 ft |
| Main Level | Bedroom | 10'0 x 10'0 ft |
| Basement Level | Bedroom | 16'0 x 16'0 ft |
| Basement Level | Bedroom | 13'0 x 13'0 ft |
| Basement Level | Bedroom | 11'0 x 11'0 ft |
| Basement Level | Laundry | 13'0 x 13'0 ft |
| Floor | Ensuite | Pieces |
|---|---|---|
| Main Level | No | #3 |
| Basement | No | #3 |
Listed by: Royal Regal Realty Ltd.
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
3553 Inverness Street has a sell-speed score of 56/100, placing it in the "Expected to sell at a moderate pace" band. The listing is priced 0.5% above comparable active properties in Knight. 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 V5V 4V6, 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 (~0.8 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 |
|---|---|---|---|---|---|
Calculate your commute
3553 Inverness St, Vancouver, BC is ideally located for commuters. The property is 1.3 km from Commercial-Broadway, with a 28 min SkyTrain ride to Downtown Vancouver (Waterfront Station). The closest bus stop is Westbound Kingsway @ Inverness St (0.07 km). Walk Score Transit rating: Good Transit (69/100).
| Year | Land | Improvements | Total Assessed | YOY Change |
|---|---|---|---|---|
| 2026 | $1,625,000 | $66,400 | $1,691,400 |
-5.3%
|
| 2025 | $1,706,000 | $80,100 | $1,786,100 |
-1.7%
|
| 2024 | $1,730,000 | $87,800 | $1,817,800 |
+4.9%
|
| 2023 | $1,643,000 | $90,600 | $1,733,600 |
+13.2%
|
| 2022 | $1,438,000 | $93,700 | $1,531,700 | — |
Comparable data is unavailable at the neighbourhood level. City-wide in Vancouver, similar Single Family Residences average $2,326,000 across 2 active listings — this listing is 27.4% below the Vancouver average. This property is flagged as a Hot Deal (5.6% price reduction) based on its competitive pricing and market demand.
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