5050 Main Street — Vancouver East


$ 2,888,000 FOR SALE MLS# R3075422
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INVESTOR & BUILDER ALERT: This 3,696 sq. ft. lot in Vancouver’s premier Main Street corridor offers significant development potential under 2026 Small-Scale Multi-Unit Housing (SSMUH) mandates, allowing for increased density such as a multiplex or townhome project. Prospective buyers are advised to perform their own due diligence with the City of Vancouver regarding specific development potential, requirements and permits. Currently featuring a solid 2-bedroom rancher with mountain views and a detached garage, the property provides immediate holding income. Located steps from Nat Bailey Stadium, Queen Elizabeth and Riley Park’s vibrant cafes, this site boasts exceptional transit access to Downtown and UBC. Purchase individually or as a strategic land assembly with adjacent properties.
MLS® ReciprocityThis representation is based on data supplied under MLS® Reciprocity.

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Property Details

Bedrooms2
Bathrooms1
Living Area771 sqft
Lot Area3,696 sqft
Property TypeResidential – Single Family Residence
MLS® R3075422
StatusActive
Listing BrokerRoyal LePage Sterling Realty

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
3 events on record for this property

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Market Overview

Main · Vancouver East · All Homes

Active PropertiesAll ActiveThis Property
All Homes80
Median Asking Price $ 1,798,000 $ 2,888,000
Median Price per SqFt $1,116 $3,746
Median Days on Market 50
Sold Properties Aug 2026Jul 2026Aug 2025
All Homes 1 ▼90.0% 2 10
Median Selling Price $ 2,150,000 ▲2.3% $ 1,828,000 $ 2,101,000
Median Price per SqFt $1,262 ▲4.0% $934 $1,213
Median Days on Market 25217
Median Discount Off Ask 6.5%1.9%2.5%
New Listings 18203
Months of Inventory 17.8

At the current sales pace, it would take about 18 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.

Main: Number of Sales

Main: Median Sold Price

Main: Median Sold Price per SqFt

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