5 bed
3 bath
2,303 sqft
Single Family Residence
Built in 1969
6,810 sqft lot
4 parking
2 fireplaces
Freehold NonStrata
R1-1 zone
Public remarks
Great opportunity to own a well-kept family home on this 40 x 170 = 6,800 sqft North-South oriented lot in Prime "River District". Solid and Spacious Vancouver Special with 5 bedrooms, 3 baths and 3 kitchens. Upstairs: 3 bed 1 bath with kitchen & 200 sf deck; Downstairs: a 1-bedroom suite, also a HUGE studio suite; Shared coin-laundry machines for all units. Big 160 sf storage area under the deck. 450 sf Double SXS garage with 2 open spaces on back lane. Super convenient location with easy access to all amenities. R1-1 zoning RESIDENTIAL INCLUSIVE allows building of 6 dwelling units or 8 rental dwelling units or single detached house with secondary suite and a laneway house. Buyer must verify land use with authorities for full satisfaction. Invest / hold / rebuild. Don't miss it!
Private remarks
Use TB for fast response. Lot size by BC Assessment, Int. meas. by Realty Studios, buyer to verify if deems important. Motivated seller. One of the 1-bedroom unit downstairs on fixed-term lease for $1,800/mo until Feb 28, 2026. The studio unit downstairs is vacant; Upstairs 3-bedroom unit is tenanted m2m at $2,392/mo. Total 3 self-sustained suites.
Buyer agency compensation
3.255% - 100k / 1.1625 - balance
$1,850,000 ($803/sqft)
Active
Listed
03/10/2025
Expiry date
Original price
Gross taxes (2024)
$7,843.76
Property transfer tax
$35,000.00
Last Updated: 04/23/2025 01:55 PM
Courtesy of RE/MAX City Realty
| Address | MLS® | Changed | List date | Status | List price | Close price | List agent | List office |
|---|---|---|---|---|---|---|---|---|
| 1861 Island Avenue | R2975391 | 04/23/2025 01:55 PM | 03/10/2025 | Active | $1,850,000 | Login to view | Yong Wang PREC* | RE/MAX City Realty |