5019 Payne Street — Vancouver East


$ 2,298,000 FOR SALE MLS# R3162134
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Exceptional family home in East Vancouver’s Collingwood neighbourhood! Extensively renovated in 2026 with over $400K invested, this beautifully finished home sits on a rare 45' wide, 4,445 sq.ft. lot. The spacious main residence offers 4 bedrooms and 2 bathrooms, including a primary retreat with ensuite and walk-in closet. Enjoy a stunning new kitchen with quartz counters, new s/s appliances, breakfast nook, bright open living spaces, covered balcony, landscaped yard and parking for 4 cars. TWO 2 bedroom income suites. New plumbing, electrical, heating, kitchens, bathrooms & more. Just 2 minutes to Joyce–Collingwood Station, with schools, parks and amenities nearby, plus incredible long-term redevelopment potential. OPEN HOUSE Sat & Sun Sept 12 & 13 from 2:30pm to 4:30pm
MLS® ReciprocityThis representation is based on data supplied under MLS® Reciprocity.
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Property Details

Bedrooms7
Bathrooms4
Living Area2,621 sqft
Lot Area4,445 sqft
Property TypeResidential – Single Family Residence
MLS® R3162134
StatusActive
Listing BrokereXp Realty

Property History

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

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Market Overview

Collingwood VE · Vancouver East · All Homes

Active PropertiesAll ActiveThis Property
All Homes257
Median Asking Price $ 875,000 $ 2,298,000
Median Price per SqFt $874 $877
Median Days on Market 68
Sold Properties Sep 2026Aug 2026Sep 2025
All Homes 2 ▼88.9% 20 18
Median Selling Price $ 436,600 ▼20.5% $ 605,944 $ 549,000
Median Price per SqFt $716 ▼17.5% $740 $868
Median Days on Market 172532
Median Discount Off Ask 2.9%3.4%3.9%
New Listings 76326
Months of Inventory 9.6

At the current sales pace, it would take about 10 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.

Collingwood VE: Number of Sales

Collingwood VE: Median Sold Price

Collingwood VE: Median Sold Price per SqFt

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