3553 Inverness Street — Vancouver East


$ 1,688,000 FOR SALE MLS# R3127416
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PRIME EAST VANCOUVER MULTI-FAMILY DEVELOPMENT OPPORTUNITY! A rare offering in a rapidly evolving neighborhood, this 4230 SQFT site strategically located just off Kingsway on Inverness St, well-positioned for potential rezoning, allowing for apartment developments with residential rental tenure at FSRs up to 2.40 (subject to city approval). This is an ideal opportunity for developers looking to invest in a highly sought-after East Vancouver location. Contact us today for more details on this exceptional investment opportunity!
MLS® ReciprocityThis representation is based on data supplied under MLS® Reciprocity.

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Property Details

Bedrooms5
Bathrooms2
Living Area1,780 sqft
Lot Area4,230 sqft
Property TypeResidential – Single Family Residence
MLS® R3127416
StatusActive
Listing BrokerRE/MAX Crest Realty

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

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Market Overview

Knight · Vancouver East · All Homes

Active PropertiesAll ActiveThis Property
All Homes112
Median Asking Price $ 1,594,500 $ 1,688,000
Median Price per SqFt $941 $948
Median Days on Market 77
Sold Properties Sep 2026Aug 2026Sep 2025
All Homes 1 ▼94.1% 8 17
Median Selling Price $ 2,701,620 ▲58.9% $ 1,350,000 $ 1,700,000
Median Price per SqFt $1,005 ▲6.7% $863 $942
Median Days on Market 71424
Median Discount Off Ask -17.5%2.7%3.2%
New Listings 71515
Months of Inventory 7.9

At the current sales pace, it would take about 8 months to sell all the homes currently for sale here — a Balanced market.

SELLER'S
BALANCED
BUYER'S

Homes for sale and active buyers are fairly evenly matched, so neither side has a clear advantage.

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.