1616 Nanaimo Street — Vancouver East


$ 1,980,000 FOR SALE MLS# R3161711
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Attention, developers, and investors. Great holding revenue. This prime development opportunity, awaits your ideas. possibly to assemble from 13,598 sq. ft. to 27,590 sq. ft Currently C1 zoning city has indicated the developer can apply for C2 possibly up to 3.2 FSR. This site is located in a highly desirable area just minutes to the drive. Buyer to verify the use and potential with the city of Vancouver.
MLS® ReciprocityThis representation is based on data supplied under MLS® Reciprocity.
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Property Details

Bedrooms3
Bathrooms2
Living Area2,577 sqft
Lot Area4,995 sqft
Property TypeResidential – Single Family Residence
MLS® R3161711
StatusActive
Listing BrokerSutton Group-West Coast Realty

Property History

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

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Market Overview

Renfrew VE · Vancouver East · All Homes

Active PropertiesAll ActiveThis Property
All Homes164
Median Asking Price $ 1,499,000 $ 1,980,000
Median Price per SqFt $886 $768
Median Days on Market 60
Sold Properties Sep 2026Aug 2026Sep 2025
All Homes 7 ▼50.0% 14 14
Median Selling Price $ 1,450,000 ▼0.7% $ 1,528,000 $ 1,460,000
Median Price per SqFt $852 ▼11.2% $806 $959
Median Days on Market 92616
Median Discount Off Ask 0.7%3.1%1.0%
New Listings 64223
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.

Renfrew VE: Number of Sales

Renfrew VE: Median Sold Price

Renfrew VE: Median Sold Price per SqFt

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