1070 E 40th Avenue — Vancouver East


$ 1,968,000 FOR SALE MLS# R3170764
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Welcome to 1070 E 40th Ave, a well-maintained Vancouver home offering comfortable living and excellent income potential. Extensively updated in 2021 with a renovated kitchen and bathrooms, new flooring, and fresh interior paint. The functional main living area provides generous space for everyday family living, while the lower level features two separate rental accommodations — one 1-bedroom suite and one 2-bedroom suite — providing excellent mortgage-helper potential. Conveniently located close to schools, parks, shopping, restaurants and public transit, with easy access to major routes and everyday amenities. A great opportunity for families, investors, or buyers looking for a home with multiple income possibilities in a convenient Vancouver neighbourhood.
MLS® ReciprocityThis representation is based on data supplied under MLS® Reciprocity.
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Property Details

Bedrooms6
Bathrooms4
Living Area2,902 sqft
Lot Area4,297 sqft
Property TypeResidential – Single Family Residence
MLS® R3170764
StatusPending
Listing BrokerLeHomes Realty Premier

Property History

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

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Market Overview

Fraser VE · Vancouver East · All Homes

Active PropertiesAll ActiveThis Property
All Homes137
Median Asking Price $ 1,674,000 $ 1,968,000
Median Price per SqFt $973 $678
Median Days on Market 46
Sold Properties Oct 2026Sep 2026Oct 2025
All Homes 4 ▼69.2% 14 13
Median Selling Price $ 1,625,000 ▼9.2% $ 1,642,500 $ 1,789,000
Median Price per SqFt $1,071 ▲5.8% $1,000 $1,012
Median Days on Market 454022
Median Discount Off Ask 3.7%3.9%4.8%
New Listings 234810
Months of Inventory 8.8

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.

Fraser VE: Number of Sales

Fraser VE: Median Sold Price

Fraser VE: Median Sold Price per SqFt

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