1215 E 48th Avenue — Vancouver East


$ 1,828,000 FOR SALE MLS# R3168439
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Excellent Opportunity! Priced well below assessed Value! Approximately 50'X108' lot, this property offers flexibility for buyers looking to renovate and make the home their own, as well as those exploring future redevelopment potential. The existing home features a renovated functional upper-level living space, while the lower level presents an opportunity for a buyer to undertake renovations and create additional living space tailored to their needs. For builders and investors, the lot also offers potential for multi-unit redevelopment under the City of Vancouver’s R1-1 zoning framework, with new multiplex projects already taking shape throughout the surrounding East Vancouver Knight neighbourhood. This property offers multiple possibilities in an established East Vancouver community.
MLS® ReciprocityThis representation is based on data supplied under MLS® Reciprocity.
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Property Details

Bedrooms5
Bathrooms3
Living Area2,740 sqft
Lot Area5,400 sqft
Property TypeResidential – Single Family Residence
MLS® R3168439
StatusActive
Listing BrokerCentury 21 In Town Realty

Property History

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

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Market Overview

Knight · Vancouver East · All Homes

Active PropertiesAll ActiveThis Property
All Homes128
Median Asking Price $ 1,573,500 $ 1,828,000
Median Price per SqFt $922 $667
Median Days on Market 58
Sold Properties Oct 2026Sep 2026Oct 2025
All Homes 3 ▼75.0% 9 12
Median Selling Price $ 1,555,000 ▲2.3% $ 1,500,000 $ 1,520,000
Median Price per SqFt $713 ▼21.0% $919 $902
Median Days on Market 271638
Median Discount Off Ask 3.6%1.6%4.3%
New Listings 114618
Months of Inventory 10.2

At the current sales pace, it would take about 10 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.

Knight: Number of Sales

Knight: Median Sold Price

Knight: Median Sold Price per SqFt

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