5 2240 E 40th Avenue — Vancouver East


$ 950,000 FOR SALE MLS# R3169991
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Award-winning craftsmanship, now in perfect harmony. The Fitzgerald at QUINTET is your front door to brand-new detached East Van living: 3 beds, 2.5 baths & 973sf over 2 levels, built by Costar Construction, 2024 Georgie Award winner for Best Multiplex Home. Morning coffee on your covered porch, kids in your own fenced yard, dinner on a 5-burner gas range w/ Bosch integrated appliances & Silestone quartz. Heat pump A/C keeps summers cool. Walk to Kensington Park & pool, Cunningham Elementary, T&T & 29th Ave SkyTrain. 2-5-10 warranty + 5-yr appliance warranty + NO strata fees for 2 years. Complete Nov 2026. Open House Saturday Oct 3, and Sunday Oct 4, 1~4pm.
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Property Details

Bedrooms3
Bathrooms3
Living Area973 sqft
Property TypeResidential – Half Duplex
MLS® R3169991
StatusActive
Listing BrokereXp 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

Victoria VE · Vancouver East · Townhomes & Attached

Active PropertiesAll ActiveThis Property
Townhomes & Attached27
Median Asking Price $ 1,438,000 $ 950,000
Median Price per SqFt $954 $976
Median Days on Market 20
Sold Properties Sep 2026Aug 2026Sep 2025
Townhomes & Attached 3 ▼40.0% 3 5
Median Selling Price $ 1,425,000 ▲10.0% $ 1,260,000 $ 1,295,000
Median Price per SqFt $976 ▼6.9% $867 $1,048
Median Days on Market 283513
Median Discount Off Ask 4.0%3.5%0.3%
New Listings 1645
Months of Inventory 7.0

At the current sales pace, it would take about 7 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.