1038 E 51st Avenue — Vancouver East


$ 2,198,000 FOR SALE MLS# R3148177
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Exceptional opportunity to own a spacious 3,285 sq.ft. family home offering incredible flexibility and income potential. Situated on a 42 x 122 ft lot, this property features 9 bedrooms and 5 bathrooms, making it ideal for large or multi-generational families, investors, or those looking to offset their mortgage with rental income. The home has two self-contained suites, with the potential of having four suites total, and a private backyard. Rebuilt in the 1990's with more updates done in 2017. Conveniently located close to schools, parks, shopping, transit, and everyday amenities, this is a property that combines size, versatility, and long-term value in one package. 10-minutes to Richmond, 5-minutes to Marine Gateway Canada Line and 15-minutes to downtown Vancouver. OH: Sun, Aug 9 2-3pm
MLS® ReciprocityThis representation is based on data supplied under MLS® Reciprocity.
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Property Details

Bedrooms9
Bathrooms5
Living Area3,285 sqft
Lot Area5,124 sqft
Property TypeResidential – Single Family Residence
MLS® R3148177
StatusActive
Listing BrokerRE/MAX Crest Realty

Property History

DateMLS #PriceEvent
Mmm 00, 0000 R0000000 $0,000,000 Listed
Mmm 00, 0000 R0000000 $0,000,000 Price change

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Market Overview

South Vancouver · Vancouver East · All Homes

Active PropertiesAll ActiveThis Property
All Homes118
Median Asking Price $ 1,788,445 $ 2,198,000
Median Price per SqFt $851 $669
Median Days on Market 92
Sold Properties Sep 2026Aug 2026Sep 2025
All Homes 0 ▼100.0% 7 12
Median Selling Price ▼100.0% $ 1,699,000 $ 1,522,000
Median Price per SqFt ▼100.0% $805 $837
Median Days on Market 2814
Median Discount Off Ask 1.2%6.4%
New Listings 5227
Months of Inventory 12.6

At the current sales pace, it would take about 13 months to sell all the homes currently for sale here — a Buyer's market.

SELLER'S
BALANCED
BUYER'S

More homes are for sale than there are buyers, so buyers tend to have more choice and more room to negotiate on price.

What's this?

Months of inventory = the number of homes currently for sale ÷ the average number sold per month recently. As a rule of thumb, under 5 months favours sellers, 5–8 is balanced, and over 8 favours buyers.

South Vancouver: Number of Sales

South Vancouver: Median Sold Price

South Vancouver: Median Sold Price per SqFt

Aggregate market statistics from the MLS® for South Vancouver. Figures are medians and may reflect small sample sizes in a single neighbourhood. Not an appraisal — ask a team member to verify.