5045 Payne Street — Vancouver East


$ 2,300,000 FOR SALE MLS# R3128565
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Excellent location!!! Just 200 metres from the Joyce–Collingwood Station, offering exceptional convenience and easy access to transit. !! The main floor features 2 bedrooms and 1 bathroom, while the upper level offers a spacious primary bedroom with ensuite. The lower floor includes 1 bedroom, a flex room, and an additional bathroom — ideal for extended family living. Also below is a 2-bedroom, 1-bath mortgage helper, plus a separate 1-bedroom, 1-bath LANEWAY HOME for added rental income or multigenerational living.
MLS® ReciprocityThis representation is based on data supplied under MLS® Reciprocity.
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Property Details

Bedrooms7
Bathrooms5
Living Area1,926 sqft
Lot Area3,267 sqft
Property TypeResidential – Single Family Residence
StyleLaneway House
MLS® R3128565
StatusActive
Price Change↓ Price Reduced
Listing BrokereXp Realty

Property History

DateMLS #PriceEvent
Mmm 00, 0000 R0000000 $0,000,000 Listed
Mmm 00, 0000 R0000000 $0,000,000 Price change
2 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 $ 2,300,000
Median Price per SqFt $889 $1,194
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.