582 W 16th Avenue — Vancouver West


$ 2,398,000 FOR SALE MLS# R2898854
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This rare 33x122' RM-4 zoned property located in prime Cambie village allows for the construction of up to four three-bedroom townhomes, utilizing a 1.45 FSR (with CoV approval) and potential for approximately 5,833 square feet of buildable. The property currently enjoys the stability of long-term tenants, making it an attractive investment or development opportunity. Cambie Village is ideally located close to downtown, YVR, and reliable transit options ensures convenience. The vibrant community boasts a wide array of shopping and dining establishments, and a strong sense of community. Families will appreciate the proximity of excellent local schools and parks, creating an ideal environment for both living and investing.
MLS® ReciprocityThis representation is based on data supplied under MLS® Reciprocity.
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Property Details

Bedrooms3
Bathrooms3
Living Area1,697 sqft
Lot Area4,026 sqft
Property TypeResidential – Single Family Residence
StyleBasement Entry
MLS® R2898854
StatusTerminated
Listing BrokerRE/MAX Select Properties

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

Cambie · Vancouver West · All Homes

Active PropertiesAll ActiveThis Property
All Homes469
Median Asking Price $ 1,699,000 $ 2,398,000
Median Price per SqFt $1,341 $1,413
Median Days on Market 655
Sold Properties Aug 2026Jul 2026Aug 2025
All Homes 0 ▼100.0% 6 26
Median Selling Price ▼100.0% $ 2,848,000 $ 1,453,000
Median Price per SqFt ▼100.0% $1,325 $1,274
Median Days on Market 1515
Median Discount Off Ask 0.0%2.3%
New Listings 49347
Months of Inventory 47.7

At the current sales pace, it would take about 48 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.

Cambie: Number of Sales

Cambie: Median Sold Price

Cambie: Median Sold Price per SqFt

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