511 E Georgia Street — Vancouver East


$ 948,000 FOR SALE MLS# R3164120
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THE HARD PART IS DONE. A rare opportunity to create three new homes in the heart of Strathcona, just blocks from downtown and the new St. Paul’s Hospital. Development permits and plans are in place for 3,028 sq.ft. of buildable space: two homes fronting East Georgia plus a laneway home and garage. Strathcona is one of Vancouver’s most distinctive neighbourhoods, known for its heritage homes, tree-lined streets and genuine sense of community. With limited supply of smaller-format homes and a major new medical campus opening nearby, the timing and location are hard to beat. Gastown, Railtown, Main Street and Commercial Drive are all close at hand. Take it through building permit and start building. Three homes. One exceptional location.
MLS® ReciprocityThis representation is based on data supplied under MLS® Reciprocity.
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Property Details

Bedrooms
Bathrooms
Living Area
Lot Area3,050 sqft
Property TypeLand
MLS® R3164120
StatusActive
Listing BrokerOakwyn Realty Ltd.

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

Strathcona · Vancouver East · All Homes

Active PropertiesAll ActiveThis Property
All Homes60
Median Asking Price $ 729,450 $ 948,000
Median Price per SqFt $940
Median Days on Market 65
Sold Properties Sep 2026Aug 2026Sep 2025
All Homes 1 ▼85.7% 7 7
Median Selling Price $ 980,000 ▲42.0% $ 790,000 $ 690,000
Median Price per SqFt $458 ▼51.4% $873 $942
Median Days on Market 86381
Median Discount Off Ask 1.9%6.0%4.9%
New Listings 71014
Months of Inventory 8.2

At the current sales pace, it would take about 8 months to sell all the homes currently for sale here — a Balanced market.

SELLER'S
BALANCED
BUYER'S

Homes for sale and active buyers are fairly evenly matched, so neither side has a clear advantage.

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.

Strathcona: Number of Sales

Strathcona: Median Sold Price

Strathcona: Median Sold Price per SqFt

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