2561 Mcgill Street — Vancouver East


$ 1,500,000 FOR SALE MLS# R3146568
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Attention builders, investors and dream home buyers! Exceptional opportunity on a level 4,092 sq. ft. lot with beautiful North Shore mountain views. This 2-level home has lot of updates including new furnace, hot water tank, roof., floors, paint and appliances. Generating over $4K per month in rental income. It offers excellent holding potential while you plan your future. Whether you're looking for a starter home, investment property or future custom build, this property provides outstanding flexibility. Located in a desirable family-friendly neighbourhood, enjoy nearby waterfront walking trails, parks, schools, easy access to Hwy 1 and downtown Vancouver, plus the convenience of being next to the PNE. A rare opportunity with strong income potential and future possibilities.
MLS® ReciprocityThis representation is based on data supplied under MLS® Reciprocity.
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Property Details

Bedrooms4
Bathrooms2
Living Area1,537 sqft
Lot Area4,092 sqft
Property TypeResidential – Single Family Residence
MLS® R3146568
StatusActive
Listing BrokerMultiple Realty Ltd.

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

Hastings Sunrise · Vancouver East · All Homes

Active PropertiesAll ActiveThis Property
All Homes44
Median Asking Price $ 1,574,500 $ 1,500,000
Median Price per SqFt $900 $976
Median Days on Market 70
Sold Properties Aug 2026Jul 2026Aug 2025
All Homes 0 ▼100.0% 1 7
Median Selling Price ▼100.0% $ 1,435,000 $ 1,610,000
Median Price per SqFt ▼100.0% $1,108 $782
Median Days on Market 416
Median Discount Off Ask 1.0%4.3%
New Listings 3113
Months of Inventory 17.6

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.

Hastings Sunrise: Number of Sales

Hastings Sunrise: Median Sold Price

Hastings Sunrise: Median Sold Price per SqFt

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