2228 E 40th Avenue — Vancouver East


$ 2,688,888 FOR SALE MLS# R3181267
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Discover exceptional space, elegance and versatility at 2228 East 40th Avenue! Beautifully renovated and elegantly appointed, this impressive 3,517 sq. ft. residence features 7—8 bedrooms, 5 bathrooms and a separate two-bedroom suite offering excellent mortgage-helper or extended family potential. Boasting attractive curb appeal, quality renovations, upscale finishes and thoughtful attention to detail, this home offers an inviting blend of style, comfort and functionality. Perfect for large or mufti-generational families seeking generous living space. Located in Vancouver's desirable Victoria area, enjoy a vibrant multicultural neighbourhood with charming residential streets and convenient access to shops, diverse restaurants, fresh markets, schools, parks and excellent transit connection.
MLS® ReciprocityThis representation is based on data supplied under MLS® Reciprocity.
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Property Details

Bedrooms7
Bathrooms5
Living Area3,517 sqft
Lot Area5,600 sqft
Property TypeResidential – Single Family Residence
MLS® R3181267
StatusActive
Listing BrokerSaba Realty Ltd.

Property History

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

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Market Overview

Victoria VE · Vancouver East · All Homes

Active PropertiesAll ActiveThis Property
All Homes85
Median Asking Price $ 1,438,000 $ 2,688,888
Median Price per SqFt $874 $765
Median Days on Market 47
Sold Properties Nov 2026Oct 2026Nov 2025
All Homes 2 ▼86.7% 15 15
Median Selling Price $ 2,309,500 ▲47.6% $ 1,435,000 $ 1,565,000
Median Price per SqFt $863 ▼0.6% $766 $868
Median Days on Market 532119
Median Discount Off Ask 7.7%3.8%2.4%
New Listings 42713
Months of Inventory 7.2

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.