A rare Riley Park gem, offered nearly $150,000 below BC Assessment. This cherished 5bed+Den, 3bath, 2 kitchen, 2623sf home w/ wood fireplace sits on a perfectly sized 45'by125' lot of 5630sf, where you are truly buying land value w/ a great home as a bonus. Zoning allows for a higher density multiplex development, offering an excellent opportunity for both developers or families looking to build their dream home. Move in & enjoy its warmth, renovate & modernize, or design your future home w/ laneway potential. Features include: basement suite, double car garage, rare old growth oak floors, & mature gardens w/ rare plantings. Updates: new garage&deck, renovated kitchen, updated bathrooms & PEXpiping, plus renewed front porch. A vibrant, walkable South Main lifestyle right at your doorstep.
Address
231 E 40th Avenue
List Price
$2,438,800
Property Type
Residential
Type of Dwelling
Single Family Residence
Structure Type
Residential Detached
Transaction Type
Sale
Area
Vancouver East
Sub-Area
Main
Bedrooms
5
Bathrooms
3
Floor Area
2,623 Sq. Ft.
Main Floor Area
993
Lot Size
5630 Sq. Ft.
Lot Size Dimensions
45 x 125'
Lot Size (Acres)
0.13 Ac.
Lot Features
Central Location, Lane Access, Recreation Nearby
Lot Size Units
Square Feet
Total Building Area
2623
Frontage Length
45
Year Built
1946
MLS® Number
R3072565
Listing Brokerage
Engel & Volkers Vancouver
Basement Area
Finished
Postal Code
V5W 1L7
Zoning
R1-1
Ownership
Freehold NonStrata
Parking
Garage Double, Side Access, Garage Door Opener
Parking Places (Total)
2
Tax Amount
$10,914.10
Tax Year
2025
Site Influences
Balcony, Central Location, Garden, Lane Access, Private Yard, Recreation Nearby, Shopping Nearby
Community Features
Shopping Nearby
Exterior Features
Garden, Balcony, Private Yard
Interior Features
Guest Suite, Storage
Board Or Association
Greater Vancouver
Heating
Yes
Heat Type
Forced Air
Fireplace
Yes
Fireplace Features
Wood Burning
Number of Fireplaces
1
Garage
Yes
Garage Spaces
2
Laundry Features
In Unit
Other Structures
Greenhouse, Shed(s)
Levels
Two
Number Of Floors In Property
2
Security Features
Security System
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