1871 Allison Road — Vancouver West


$ 3,750,000 FOR SALE MLS# R3134614
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Best Value in the UEL South. Nestled in one of Vancouver's most coveted enclaves, this exceptional 80 x 172.5 ft (13,800 sq ft) level lot with a west facing backyard, offers a rare opportunity in the University Endowment Lands. Set on a quiet, Magnolia tree lined street, it's an ideal canvas to build your dream home or bring your design / decorating ideas. Steps to UBC, Pacific Spirit Park, & UBC Village, this is a true 10/10 location for lifestyle & long-term value. The existing 5 bedroom, 3 bathroom home with almost 3,500 sq ft of living area offers flexibility & rental potential while you plan & secure permits. Buyers to verify development guidelines with the UBC Endowment Office. Do not walk property without consent.
MLS® ReciprocityThis representation is based on data supplied under MLS® Reciprocity.
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Property Details

Bedrooms5
Bathrooms3
Living Area3,447 sqft
Lot Area13,800 sqft
Property TypeResidential – Single Family Residence
MLS® R3134614
StatusPending
Price Change↓ Price Reduced
Listing BrokerTRG The Residential Group Realty

Property History

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

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Market Overview

University VW · Vancouver West · All Homes

Active PropertiesAll ActiveThis Property
All Homes299
Median Asking Price $ 1,028,000 $ 3,750,000
Median Price per SqFt $1,209 $1,088
Median Days on Market 95
Sold Properties Sep 2026Aug 2026Sep 2025
All Homes 7 ▼66.7% 36 21
Median Selling Price $ 1,123,000 ▼2.2% $ 891,500 $ 1,148,000
Median Price per SqFt $953 ▼12.7% $1,061 $1,092
Median Days on Market 293236
Median Discount Off Ask 11.1%4.0%3.5%
New Listings 65126
Months of Inventory 13.7

At the current sales pace, it would take about 14 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.

University VW: Number of Sales

University VW: Median Sold Price

University VW: Median Sold Price per SqFt

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