1 281 E 48th Avenue — Vancouver East


$ 1,498,000 FOR SALE MLS# R3149669
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3-level half-duplex offering 1500 sqft of well-designed living space in a desirable Vancouver location with no strata fee. The main floor features 10' ceilings, large windows, and a bright open-concept layout ideal for everyday living and entertaining. Upstairs offers 3 spacious bedrooms, while the lower level includes a legal 2-bedroom legal suite, perfect for rental income or extended family. Situated on a 4158sqft lot, this home feels like a detached property and includes a private garage, large backyard, and extra parking. Quality finishes include engineered hardwood flooring, AC, security system, EV-ready garage, and premium appliances. Conveniently located steps to shopping, parks, restaurants, and transit, Sir Alexander Mackenzie Elementary and John Oliver Secondary.
MLS® ReciprocityThis representation is based on data supplied under MLS® Reciprocity.
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Property Details

Bedrooms5
Bathrooms4
Living Area1,493 sqft
Lot Area4,158 sqft
Property TypeResidential – Half Duplex
MLS® R3149669
StatusActive
Listing BrokerSutton Group-West Coast 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

Main · Vancouver East · Townhomes & Attached

Active PropertiesAll ActiveThis Property
Townhomes & Attached35
Median Asking Price $ 1,798,000 $ 1,498,000
Median Price per SqFt $1,147 $1,003
Median Days on Market 50
Sold Properties Sep 2026Aug 2026Sep 2025
Townhomes & Attached 1 ▼75.0% 6 4
Median Selling Price $ 2,798,000 ▲30.0% $ 1,602,500 $ 2,153,072
Median Price per SqFt $1,356 ▲18.5% $1,136 $1,144
Median Days on Market 542517
Median Discount Off Ask 1.8%2.2%4.0%
New Listings 1134
Months of Inventory 9.1

At the current sales pace, it would take about 9 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.

Main: Number of Sales

Main: Median Sold Price

Main: Median Sold Price per SqFt

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