3870 Commercial Street — Vancouver East


$ 4,998,000 FOR SALE MLS# R3125348
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A rare opportunity to own one of Vancouver’s most iconic residences. This design-forward warehouse home blends industrial scale w/ uncompromising luxury across multiple expansive levels, set within one of the city’s most vibrant neighbourhood's known for its authentic character & Brooklyn vibe. Soaring 20’ ceilings, glass elevator, German-engineered windows, & secure parking for 8 vehicles. Interiors showcase Bianca Carrara marble, white oak barn-plank flooring, bespoke cabinetry by Soma Interiors, a 1,000-bottle wine cellar, Thermador appliances, antique architectural elements, & extraordinary indoor-outdoor entertaining spaces complete with a covered outdoor kitchen featuring Wolf BBQ, pizza oven, infrared heating, gas fire pit. An exceptional offering for the most discerning buyer!
MLS® ReciprocityThis representation is based on data supplied under MLS® Reciprocity.
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Property Details

Bedrooms3
Bathrooms5
Living Area7,498 sqft
Lot Area3,861 sqft
Property TypeResidential – Single Family Residence
Style4 Level Split, Live/Work Studio
MLS® R3125348
StatusPending
Listing BrokerEngel & Volkers Vancouver

Property History

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

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Market Overview

Victoria VE · Vancouver East · All Homes

Active PropertiesAll ActiveThis Property
All Homes80
Median Asking Price $ 1,491,500 $ 4,998,000
Median Price per SqFt $861 $667
Median Days on Market 84
Sold Properties Sep 2026Aug 2026Sep 2025
All Homes 1 ▼88.9% 12 9
Median Selling Price $ 960,000 ▼27.5% $ 1,430,000 $ 1,325,000
Median Price per SqFt $799 ▼23.8% $827 $1,048
Median Days on Market 281513
Median Discount Off Ask 4.0%2.3%0.3%
New Listings 11816
Months of Inventory 7.7

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.

Victoria VE: Number of Sales

Victoria VE: Median Sold Price

Victoria VE: Median Sold Price per SqFt

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