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.
| Basement Finished Area (sqft) | 0 |
|---|---|
| Basement Features | None |
| Interior Features | Storage |
| Heating Type | Baseboard, Hot Water |
| Laundry | In Unit |
| # of Kitchens | 9 |
| Flooring | Laminate, Tile |
| Foundation | Slab |
| Exterior Features | Balcony |
|---|---|
| View Description | Mountain |
| Structures | Multi Family |
| Price | $4,098,000 |
|---|---|
| Total Bedrooms | 9 |
| Total Bathrooms | 9 |
| Full Bathrooms | 9 |
| Half Bathrooms | 0 |
| Floor Area Total (sqft) | 6216 |
| Year Built | 1965 |
| Age Of Building | 61 |
| Building Type | Other |
| Property Type | Residential Income |
| Architecture Style | 3 Storey |
| Stories | 3 |
| Building Name | The Drive |
| Ownership Type | Freehold NonStrata |
| Utility Type | Electricity Connected, Natural Gas Connected, Water Connected |
| Utility Sewer | Public Sewer, Sanitary Sewer, Storm Sewer |
| Water (WaterSource) | Public |
| Parking Type | Open, Rear Access |
| Total Parking Spaces | 5 |
| Lot Size | 6100 |
|---|---|
| Lot Size Depth | Feet |
| Lot Size Frontage | 50 |
| MLS® # | R3109349 |
| Area | Vancouver East |
| Neighbourhood | Grandview Woodland |
| City | Vancouver |
| Postal Code | V5L 2L2 |
| Gross Taxes | $11,443 |
| Zoning | RT-5 |
| Floor | Type | Dimensions |
|---|---|---|
| Main Level | Living Room | 13'1 x 13'1 ft |
| Main Level | Kitchen | 9'2 x 9'2 ft |
| Main Level | Bedroom | 9'4 x 9'4 ft |
| Main Level | Living Room | 15'8 x 15'8 ft |
| Main Level | Kitchen | 12'2 x 12'2 ft |
| Main Level | Bedroom | 10'1 x 10'1 ft |
| Main Level | Living Room | 13'3 x 13'3 ft |
| Main Level | Kitchen | 7'10 x 7'10 ft |
| Main Level | Bedroom | 9'5 x 9'5 ft |
| Main Level | Storage | 7'2 x 7'2 ft |
| Above Level | Living Room | 13'7 x 13'7 ft |
| Above Level | Kitchen | 9'4 x 9'4 ft |
| Above Level | Bedroom | 14'1 x 14'1 ft |
| Above Level | Living Room | 14'6 x 14'6 ft |
| Above Level | Kitchen | 8'11 x 8'11 ft |
| Above Level | Bedroom | 14'5 x 14'5 ft |
| Above Level | Living Room | 18'1 x 18'1 ft |
| Above Level | Kitchen | 7'7 x 7'7 ft |
| Above Level | Bedroom | 14'2 x 14'2 ft |
| Abv Main 2 | Living Room | 15'11 x 15'11 ft |
| Abv Main 2 | Kitchen | 9'3 x 9'3 ft |
| Abv Main 2 | Bedroom | 14'1 x 14'1 ft |
| Abv Main 2 | Living Room | 14'6 x 14'6 ft |
| Abv Main 2 | Kitchen | 8'11 x 8'11 ft |
| Abv Main 2 | Bedroom | 11'11 x 11'11 ft |
| Abv Main 2 | Living Room | 21'6 x 21'6 ft |
| Abv Main 2 | Kitchen | 7'6 x 7'6 ft |
| Abv Main 2 | Bedroom | 14'2 x 14'2 ft |
| Floor | Ensuite | Pieces |
|---|---|---|
| Main Level | No | #3 |
| Main Level | No | #3 |
| Main Level | No | #3 |
| Above Level | No | #3 |
| Above Level | No | #3 |
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.
Public Schools
Information includes BC Government Open License data; school details change often and are offered solely as general guidance.
Private Schools
Closest Transit
Crime Rate
Demographics
Noise/ Power Lines
Other
| School | Type | Grades Served | Catchment Info | Rating | Distance |
|---|---|---|---|---|---|
Calculate your commute (JS — not indexed, but keeps users on page)
1923 Parker St, Vancouver, BC is ideally located for commuters. The property is 1.6 km from Commercial-Broadway, with a 31 min SkyTrain ride to Downtown Vancouver (Waterfront Station). The closest bus stop is Northbound Commercial Dr @ Napier St (0.33 km).
| Year | Land | Improvements | Total Assessed | YOY Change |
|---|---|---|---|---|
| 2026 | $2,127,000 | $1,273,000 | $3,400,000 |
-5.6%
|
| 2025 | $2,158,400 | $1,442,000 | $3,600,400 |
+9.5%
|
| 2024 | $2,033,800 | $1,253,000 | $3,286,800 |
+22.6%
|
| 2023 | $2,237,000 | $443,000 | $2,680,000 |
+2.3%
|
| 2022 | $2,111,000 | $510,000 | $2,621,000 | — |
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