1923 Parker Street — Vancouver East


$ 3,980,000 FOR SALE MLS# R3109349
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Exceptional investment opportunity in the heart of East Vancouver’s sought after Commercial Drive neighborhood. This 3 level walk-up apartment building features 9 modern 1 bedroom units, each with private outdoor space, dishwashers and in-suite laundry. The units have all been recently and tastefully updated, including flooring, kitchens and bathrooms. Set on a large 50' x 122' lot, the building is in excellent condition with low tenant turnover. Unbeatable location on a quiet tree-lined street just steps to restaurants, shops, transit and bike routes, with easy access to downtown and the new St. Paul’s Hospital. This is a fantastic, turnkey revenue property with a solid cap rate in one of the city’s most popular, high demand areas.
MLS® ReciprocityThis representation is based on data supplied under MLS® Reciprocity.

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Property Details

Bedrooms9
Bathrooms9
Living Area6,216 sqft
Lot Area6,100 sqft
Property TypeResidential Income – Other
Style3 Storey
MLS® R3109349
StatusActive
Price Change↓ Price Reduced
Listing BrokerStilhavn Real Estate Services

Property History

DateMLS #PriceEvent
Mmm 00, 0000 R0000000 $0,000,000 Listed
Mmm 00, 0000 R0000000 $0,000,000 Price change
2 events on record for this property

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Market Overview

Grandview Woodland · Vancouver East · All Homes

Active PropertiesAll ActiveThis Property
All Homes158
Median Asking Price $ 1,493,500 $ 3,980,000
Median Price per SqFt $989 $640
Median Days on Market 57
Sold Properties Aug 2026Jul 2026Aug 2025
All Homes 0 ▼100.0% 8 25
Median Selling Price ▼100.0% $ 1,552,000 $ 1,288,000
Median Price per SqFt ▼100.0% $929 $942
Median Days on Market 817
Median Discount Off Ask -1.0%1.8%
New Listings 34335
Months of Inventory 10.5

At the current sales pace, it would take about 11 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.

Grandview Woodland: Number of Sales

Grandview Woodland: Median Sold Price

Grandview Woodland: Median Sold Price per SqFt

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