1042 W 48th Avenue — Vancouver West


$ 2,650,000 FOR SALE MLS# R3146060
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Prime West Side opportunity on a 60 x 122.8 ft flat lot with lane access, ideally positioned on a quiet stretch of W 48th Ave. This 4,095 sq ft home offers strong curb appeal, a spacious floor plan, a basement suite for added flexibility or holding income, and a beautifully landscaped south-facing backyard. Important updates include a roof replacement in 2021, offering a solid starting point for those considering a renovation or long-term hold. The property also carries future redevelopment potential under Vancouver’s R1-1 multiplex zoning, with the ability to build up to 6 strata units or 8 secured rental units. A rare opportunity in a premium West Side location to renovate, hold, or plan for future redevelopment.
MLS® ReciprocityThis representation is based on data supplied under MLS® Reciprocity.
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Property Details

Bedrooms5
Bathrooms5
Living Area4,095 sqft
Lot Area7,368 sqft
Property TypeResidential – Single Family Residence
MLS® R3146060
StatusPending
Listing BrokerOakwyn Realty Ltd.

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

South Granville · Vancouver West · All Homes

Active PropertiesAll ActiveThis Property
All Homes157
Median Asking Price $ 2,699,000 $ 2,650,000
Median Price per SqFt $1,094 $647
Median Days on Market 76
Sold Properties Sep 2026Aug 2026Sep 2025
All Homes 0 ▼100.0% 9 15
Median Selling Price ▼100.0% $ 2,150,000 $ 3,388,000
Median Price per SqFt ▼100.0% $1,080 $995
Median Days on Market 2553
Median Discount Off Ask 7.1%7.8%
New Listings 2309
Months of Inventory 20.0

At the current sales pace, it would take about 20 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.

South Granville: Number of Sales

South Granville: Median Sold Price

South Granville: Median Sold Price per SqFt

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