2320 E 1st Avenue — Vancouver East


$ 2,380,000 FOR SALE MLS# R3022693
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Rare opportunity for investors and developers! Land assembly of 4 contiguous lots stretching to the corner of E 1st Ave and Garden Dr. Zoned RM-12N, allowing for 3.5 to 4-storey apartment or townhouse development. Located in a vibrant East Vancouver neighbourhood near Nanaimo St, with transit, schools, and shopping close by. Solid 2-storey home with back lane access. Excellent potential in a fast-growing area - bring your development ideas! Buyer to verify all details with City of Vancouver.
MLS® ReciprocityThis representation is based on data supplied under MLS® Reciprocity.
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Property Details

Bedrooms5
Bathrooms3
Living Area2,084 sqft
Lot Area3,582 sqft
Property TypeResidential – Single Family Residence
MLS® R3022693
StatusActive
Listing BrokerMagsen Realty Inc.

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

Grandview Woodland · Vancouver East · All Homes

Active PropertiesAll ActiveThis Property
All Homes158
Median Asking Price $ 1,493,500 $ 2,380,000
Median Price per SqFt $989 $1,142
Median Days on Market 57
Sold Properties Aug 2026Jul 2026Aug 2025
All Homes 0 ▼100.0% 8 25
Median Selling Price ▼100.0% $ 1,552,000 $ 1,288,000
Median Price per SqFt ▼100.0% $929 $942
Median Days on Market 817
Median Discount Off Ask -1.0%1.8%
New Listings 34335
Months of Inventory 10.5

At the current sales pace, it would take about 11 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.

Grandview Woodland: Number of Sales

Grandview Woodland: Median Sold Price

Grandview Woodland: Median Sold Price per SqFt

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