5079 Elgin Street — Vancouver East


$ 2,999,000 FOR SALE MLS# R3142556
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Brand New luxury home with TWO mortgage helpers! This beautifully crafted 3-level residence offers 2,793 sq.ft. of elegant living space, featuring a legal secondary suite in the basement and a detached laneway house—providing outstanding rental income potential or flexible space for extended family. The bright open-concept main floor showcases a chef-inspired kitchen, premium finishes, and seamless indoor-outdoor living. Upstairs, the luxurious primary suite enjoys beautiful mountain views. Built for modern comfort with heat pump heating & A/C, HRV system, EV charging rough-in, and quality craftsmanship throughout. Conveniently located near parks, schools, shopping, and transit. An exceptional opportunity for families, investors, or those seeking luxury living with strong income potential.
MLS® ReciprocityThis representation is based on data supplied under MLS® Reciprocity.
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Property Details

Bedrooms7
Bathrooms5
Living Area2,793 sqft
Lot Area3,234 sqft
Property TypeResidential – Single Family Residence
StyleLaneway House
MLS® R3142556
StatusActive
Listing BrokerLeHomes Realty Premier

Property History

DateMLS #PriceEvent
Mmm 00, 0000 R0000000 $0,000,000 Listed
1 event on record for this property

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Market Overview

Fraser VE · Vancouver East · All Homes

Active PropertiesAll ActiveThis Property
All Homes105
Median Asking Price $ 1,749,000 $ 2,999,000
Median Price per SqFt $1,002 $1,074
Median Days on Market 58
Sold Properties Aug 2026Jul 2026Aug 2025
All Homes 0 ▼100.0% 3 16
Median Selling Price ▼100.0% $ 1,250,000 $ 1,737,500
Median Price per SqFt ▼100.0% $791 $1,007
Median Days on Market 812
Median Discount Off Ask 1.9%1.8%
New Listings 14323
Months of Inventory 17.5

At the current sales pace, it would take about 18 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.

Fraser VE: Number of Sales

Fraser VE: Median Sold Price

Fraser VE: Median Sold Price per SqFt

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