Excellent Opportunity! Priced well below assessed Value! Approximately 50'X108' lot, this property offers flexibility for buyers looking to renovate and make the home their own, as well as those exploring future redevelopment potential. The existing home features a renovated functional upper-level living space, while the lower level presents an opportunity for a buyer to undertake renovations and create additional living space tailored to their needs. For builders and investors, the lot also offers potential for multi-unit redevelopment under the City of Vancouver’s R1-1 zoning framework, with new multiplex projects already taking shape throughout the surrounding East Vancouver Knight neighbourhood. This property offers multiple possibilities in an established East Vancouver community.
Address
1215 E 48th Avenue
List Price
$1,828,000
Property Type
Residential
Type of Dwelling
Single Family Residence
Structure Type
Residential Detached
Transaction Type
Sale
Area
Vancouver East
Sub-Area
Knight
Bedrooms
5
Bathrooms
3
Floor Area
2,740 Sq. Ft.
Main Floor Area
1440
Lot Size
5400 Sq. Ft.
Lot Size Dimensions
50 x 108
Lot Size (Acres)
0.12 Ac.
Lot Features
Recreation Nearby
Lot Size Units
Square Feet
Total Building Area
2740
Frontage Length
50
Year Built
1970
MLS® Number
R3168439
Listing Brokerage
Century 21 In Town Realty
Basement Area
Partially Finished
Postal Code
V5W 2E8
Zoning
R1-1
Ownership
Freehold NonStrata
Parking
Garage Double, Lane Access, Rear Access
Parking Places (Total)
6
Tax Amount
$9,450.95
Tax Year
2026
Site Influences
Balcony, Recreation Nearby, Shopping Nearby
Community Features
Shopping Nearby
Exterior Features
Balcony
Board Or Association
Greater Vancouver
Heating
Yes
Heat Type
Hot Water
Fireplace
Yes
Fireplace Features
Wood Burning
Number of Fireplaces
1
Garage
Yes
Garage Spaces
2
Levels
Two
Number Of Floors In Property
2