Outstanding investment and development opportunity on a prime CORNER lot in central Vancouver. Ideal for a duplex, full renovation, or a custom build with mountain and city views. The home offers 2 bedrooms on the main level with potential for a 3rd bedroom, plus a 2-bedroom mortgage helper with separate entry. A detached workshop (19'5 x 11'2) with electricity provides excellent storage or can be converted into a single-car garage. Home requires cosmetic updates. Located on a quiet, parking-friendly street with a wide back lane. Just a 5-minute walk to Kensington Park & Community Centre, and transit. Quick access to Knight Street, Hwy 99, Downtown and Richmond. Schools, shops, and daily amenities are all within walking distance.
| Basement Finished Area (sqft) | 1000 |
|---|---|
| Basement Features | Finished |
| Appliances Included | Washer, Refrigerator, Stove |
| Fireplace | 1 |
| Heating Type | Baseboard |
| # of Kitchens | 2 |
| Flooring | Laminate, Vinyl, Carpet |
| Foundation | Concrete Perimeter |
| Exterior Features | Private Yard |
|---|---|
| View Description | Mountain |
| Roof | Asphalt |
| Structures | Residential Detached |
| Price | $1,468,000 |
|---|---|
| Total Bedrooms | 4 |
| Total Bathrooms | 2 |
| Full Bathrooms | 2 |
| Half Bathrooms | 0 |
| Floor Area Total (sqft) | 2090 |
| Year Built | 1951 |
| Age Of Building | 75 |
| Building Type | Single Family Residence |
| Property Type | Residential |
| Stories | 2 |
| Ownership Type | Freehold NonStrata |
| Community Features | Shopping Nearby |
| Utility Type | Electricity Connected, Water Connected |
| Utility Sewer | Public Sewer, Sanitary Sewer, Storm Sewer |
| Water (WaterSource) | Public |
| Parking Type | Additional Parking, Open |
| Total Parking Spaces | 0 |
| Rental Suites | Unauthorized Suite |
| Lot Size | 3900 |
|---|---|
| Lot Size Depth | Feet |
| Lot Size Frontage | 39 |
| MLS® # | R3132982 |
| Area | Vancouver East |
| Neighbourhood | Knight |
| City | Vancouver |
| Postal Code | V5W 3N9 |
| Gross Taxes | $7,869.96 |
| Zoning | R1-1 |
| Status | Date | Price |
|---|---|---|
| R3132982 / Active | 06-08-2026 | $1,468,000 |
| Floor | Type | Dimensions |
|---|---|---|
| Above Level | Living Room | 15'1 x 15'1 ft |
| Above Level | Dining Room | 15'4 x 15'4 ft |
| Above Level | Kitchen | 12'1 x 12'1 ft |
| Above Level | Eating Area | 12'1 x 12'1 ft |
| Above Level | Primary Bedroom | 14'11 x 14'11 ft |
| Above Level | Bedroom | 10'2 x 10'2 ft |
| Below | Living Room | 14'11 x 14'11 ft |
| Below | Kitchen | 9'4 x 9'4 ft |
| Below | Bedroom | 15'6 x 15'6 ft |
| Below | Bedroom | 10'7 x 10'7 ft |
| Below | Laundry | 16'7 x 16'7 ft |
| Floor | Ensuite | Pieces |
|---|---|---|
| Main Level | No | #4 |
| Below | No | #4 |
Listed by: Royal LePage - Wolstencroft
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
5121 Inverness Street has a sell-speed score of 50/100, placing it in the "Expected to sell at a moderate pace" band. The listing is priced in line with 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 V5W 3N9, 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 (~2.5 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 5121 Inverness Street | |||||
Calculate your commute
5121 Inverness St, Vancouver, BC is ideally located for commuters. The property is 2.1 km from Nanaimo, with a 40 min SkyTrain ride to Downtown Vancouver (Waterfront Station). The closest bus stop is Westbound E 33 Ave @ Inverness St (0.25 km).
| Year | Land | Improvements | Total Assessed | YOY Change |
|---|---|---|---|---|
| 2026 | $1,646,000 | $34,800 | $1,680,800 |
-3.5%
|
| 2025 | $1,702,000 | $40,300 | $1,742,300 |
-1.1%
|
| 2024 | $1,719,000 | $42,400 | $1,761,400 |
+5.6%
|
| 2023 | $1,626,000 | $42,100 | $1,668,100 |
+5.8%
|
| 2022 | $1,535,000 | $42,300 | $1,577,300 | — |
Comparable data is unavailable at the neighbourhood level. City-wide in Vancouver, similar Single Family Residences average $1,558,333 across 3 active listings — this listing is 5.8% below the Vancouver average.
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