1923 Parker St, Vancouver, BC, MLS® R3060359

$4,150,000
Est. Mortgage /mo

$4,150,000
Est. Mortgage /mo
Dan Marusin
Dan Marusin
Renanza Realty
778-918-5990
Award-Winning REALTOR® with 11+ Years of Experience Serving Greater Vancouver
Go See This Home Now
9 Beds
9 Baths
3 Stories
lot 6100 sqft
6216 sqft
1965 built
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Photos
Map
Street view
Schools
Crime
Commute
Shop & Eat

1923 Parker St, Vancouver, BC | MLS® R3060359 Property Details

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.

General Info

Price $4,150,000
Total Bedrooms 9
Total Bathrooms 9
Half Bathrooms 0
Floor Area Total (sqft) 6216
Lot Size 6100
Lot Size Depth Feet
Lot Size Frontage 50
Basement None
Basement Features BasementFeatures

Property Metrics

Year Built 1965
Age Of Building 60
Building Type Other
Property Type Residential Income
Architecture Style 3 Storey
Stories 3
Building Features BuildingFeatures
Structures Multi Family

Additional Details

MLS® # R3060359
Area Vancouver East
Neighbourhood Grandview Woodland
City Vancouver
Gross Taxes $11,443
Ownership Type Freehold NonStrata
Maintenance Fee -
Fixtures Included -

Heating & Cooling

Fireplace -
Heating Type Baseboard, Hot Water

Utilities

Utility Type Electricity Connected, Natural Gas Connected, Water Connected
Utility Sewer Public Sewer, Sanitary Sewer, Storm Sewer
Water (WaterSource) Public

Parking

Parking Type Open, Rear Access
Total Parking Spaces 5

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Strata Restrictions -
Rental Restrictions -
Zoning RT-5
Rental Suites -
Laundry In Unit
# of Kitchens 9
Flooring Laminate, Tile
Foundation Slab
Interior Features Storage
Locker -
View 1
View Description Mountain
Units In Development -
Exterior Features Balcony
Sewer Public Sewer, Sanitary Sewer, Storm Sewer

Property History

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Status Date Price
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Listed by: Stilhavn Real Estate Services & Stilhavn Real Estate Services

NOTE: This representation is based in whole or in part on data generated by the Chilliwack & District Real Estate Board, Fraser Valley Real Estate Board or Greater Vancouver REALTORS® which assumes no responsibility for its accuracy.

Neighborhood Info

Public Schools

Secondary
Templeton Secondary School
0.46 km
Elementary
Lord Nelson Elementary School
Average
0.56 km
6.8/10

Information includes BC Government Open License data; school details change often and are offered solely as general guidance.

Private Schools

Elementary
St Francis of Assisi
0.1 km
Elementary, Secondary
PALS Autism School
0.84 km

Closest Transit

Translink
Northbound Commercial Dr @ Napier St
0.33 km
Skytrain
Skytrain @ Commercial-Broadway Stn
1.55 km

Noise/ Power Lines

Road/Hwy Noise
Possible
Railway/Sky train Noise
Possible
Airport/Port Noise
Unlikely
Close to major Power Lines
Unlikely

Other

Agricultural Land Reserve (ALR)
Unlikely
Flood Area
Unlikely
Close to Cemeteries
Unlikely

Welcome to 1923 Parker Street, a charming home located in the heart of Vancouver, BC!

As we walk through this beautiful neighborhood, I want to share with you the unique features that make 1923 Parker Street a fantastic place to call home. This property, listed as MLS® R3060359, is truly a gem, and I'm excited to show you why.

Education

Let's start with the schools. Lord Nelson Elementary School is just a 0.56 km walk from the property, and it boasts a rating of 6.8/10. This school is a popular choice among families, and for good reason - its dedicated teachers and staff provide a nurturing environment that allows students to thrive. Templeton Secondary School is also nearby, with a rating of No Rating, and is just a 0.46 km drive from the property.

But that's not all - we also have St Francis of Assisi, a highly-rated independent school with a rating of 8.9/10, located just 0.1 km from the property. And for our students with special needs, PALS Autism School is a short 0.84 km drive away.

Safety

Now, let's talk about safety. According to the latest crime data from Statistics Canada (2020), this neighborhood has an overall crime rate of 7,470.82, which is considered Average compared to other Canadian cities. In fact, the year-over-year change in the total crime rate is a impressive -14.94%, indicating a decrease in crime over the past year.

When it comes to drug-related crime, the rate is Average, with 1,604 illegal substances lawbreaking disturbances reported in 2020. However, the year-over-year change in the illegal substances offences ranking is a mere 1.58%, suggesting a relatively stable trend.

Property and Demographics

Now, let's dive into the demographics of this neighborhood. With a median household income of $78,976, this area is considered Above Average compared to other BC neighborhoods. And with a median personal income of $35,802, it's also Average compared to the BC average.

Interestingly, 38.8% of the population in this neighborhood has a university certificate or degree, which is High compared to other BC neighborhoods. On the other hand, 14.6% of the population has no certificate or degree, which is Below Average compared to the average in BC.

Lifestyle and Amenities

But what really sets this neighborhood apart is its lifestyle and amenities. With a population density of 6,939.8 people per square kilometer, this area is considered High in terms of population density.

The average family size in this neighborhood is 2.7, which is Below Average compared to the whole region. However, 58.7% of families with children, and 52.7% of married or living common-law couples, call this neighborhood home, making it an ideal place for families.

And with an average age of 40.9, this neighborhood is considered Average in terms of age compared to other BC cities.

Real Estate and Transit

Now, let's talk about real estate. With an average value of dwellings in this neighborhood reaching $1,284,993, it's considered High compared to other areas in British Columbia.

The average owner payments in this neighborhood are also High, with owners spending an average of $1,650 per month on their dwellings. Tenants, on the other hand, are paying an average of $1,143 per month, which is Above Average compared to other cities.

Parking and Transportation

But what about parking and transportation? With 27.6% of the population using public transportation, 52.7% using cars, 13% using bicycles, and 5.7% walking, this neighborhood is well-connected and offers a range of transportation options.

Conclusion

In conclusion, 1923 Parker Street is a beautiful home located in a vibrant and diverse neighborhood in Vancouver, BC. With its excellent schools, safe community, and abundance of lifestyle and amenities, this property is an ideal choice for families, professionals, and anyone looking for a welcoming and connected community.

So why not make 1923 Parker Street your home today? Contact me, your trusted realtor, to schedule a viewing and make this property a reality!

Local Info

Calculate your monthly mortgage payments

/month
Principal & Interest
Property Taxes $202
Maintenance fee 0
All figures are informational estimates by Estateblock.com; actual mortgage payments and insurance rates vary by many factors.

Cash Flow Analysis

/month
Mortgage Payment $3201
Monthly Payment $3802
Break Even Down Payment 0%
All figures are informational estimates by Estateblock.com; actual mortgage payments and insurance rates vary by many factors.

Price Evaluation Chart

Filter
Beds Home Types Square Feet Lot Size Year Built
This Home $4,150,000
Vancouver No comparables
Grandview Woodland No comparables
Data is based on list prices of similar active listings. This representation is based in whole or in part on data generated by the Chilliwack & District Real Estate Board, Fraser Valley Real Estate Board or Real Estate Board of Greater Vancouver which assumes no responsibility for its accuracy

Listing Price Comparision

This house $1,400,000
Surrey

No comparables

Fleetwood Tynehead $1,399,000 -6.38%
Data is based on list prices of similar active listings. This representation is based in whole or in part on data generated by the Chilliwack & District Real Estate Board, Fraser Valley Real Estate Board or Real Estate Board of Greater Vancouver which assumes no responsibility for its accuracy
Dan Marusin
Dan Marusin
Renanza Realty
778-918-5990
Award-Winning REALTOR® with 11+ Years of Experience Serving Greater Vancouver

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