5454 Melbourne Street — Vancouver East


$ 1,475,000 FOR SALE MLS# R3124925
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Attention builders! Prime 50X110.5 - 5,525sqft R1-1 zoned lot overlooking Foster Park close to Joyce Collingwood Station. A great location on a quiet street close to lots of amenities and transit. A great opportunity to develop or hold. Located in a transit-oriented areas - Density (FAR): Up to 3.0 / Allowable Height (Storeys): Up to 8
MLS® ReciprocityThis representation is based on data supplied under MLS® Reciprocity.

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Property Details

Bedrooms3
Bathrooms1
Living Area963 sqft
Lot Area5,525 sqft
Property TypeResidential – Single Family Residence
MLS® R3124925
StatusActive
Price Change↓ Price Reduced
Listing BrokerStilhavn Real Estate Services

Property History

DateMLS #PriceEvent
Mmm 00, 0000 R0000000 $0,000,000 Listed
Mmm 00, 0000 R0000000 $0,000,000 Price change
Mmm 00, 0000 R0000000 $0,000,000 Sold
Mmm 00, 0000 R0000000 $0,000,000 Listed
Mmm 00, 0000 R0000000 $0,000,000 Price change
5 events on record for this property

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Market Overview

Collingwood VE · Vancouver East · All Homes

Active PropertiesAll ActiveThis Property
All Homes239
Median Asking Price $ 898,000 $ 1,475,000
Median Price per SqFt $889 $1,532
Median Days on Market 58
Sold Properties Aug 2026Jul 2026Aug 2025
All Homes 0 ▼100.0% 3 22
Median Selling Price ▼100.0% $ 749,800 $ 835,000
Median Price per SqFt ▼100.0% $771 $877
Median Days on Market 618
Median Discount Off Ask 0.8%2.6%
New Listings 42578
Months of Inventory 17.7

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.

Collingwood VE: Number of Sales

Collingwood VE: Median Sold Price

Collingwood VE: Median Sold Price per SqFt

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