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Attention builders, investors & redevelopment buyers! Rare high side corner lot with lane access on 2 sides in desirable Fraserview. Approx. 44.5' x 120' lot (5,300+ sqft) with R1-1 zoning offering excellent redevelopment potential for multiplex, duplex + suites + laneway or future infill opportunities (buyer to verify with City of Vancouver). Existing tenant occupied 5 bed, 2 bath home provides holding income while planning your project. South facing front exposure offers panoramic views toward Vancouver Island, while the property BACKS ONTO PARKLAND for added privacy and an open outlook. Minimal large trees maximize the site's potential. Close to schools, Fraserview Golf Course, River District, transit & shopping. Call to view.
| Basement Finished Area (sqft) | 956 |
|---|---|
| Basement Features | Full |
| Appliances Included | Washer/Dryer, Refrigerator, Stove |
| Fireplace | 0 |
| Heating Type | Forced Air |
| # of Kitchens | 2 |
| Flooring | Wall/Wall/Mixed |
| Foundation | Concrete Perimeter |
| Exterior Features | Balcony, Private Yard |
|---|---|
| View Description | PANORAMIC SOUTHERN VIEWS |
| Roof | Torch-On |
| Structures | Residential Detached |
| Price | $1,698,000 |
|---|---|
| Total Bedrooms | 5 |
| Total Bathrooms | 2 |
| Full Bathrooms | 2 |
| Half Bathrooms | 0 |
| Floor Area Total (sqft) | 1865 |
| Year Built | 1950 |
| Age Of Building | 76 |
| Building Type | Single Family Residence |
| Property Type | Residential |
| Architecture Style | Rancher/Bungalow w/Bsmt. |
| Stories | 2 |
| Ownership Type | Freehold NonStrata |
| Community Features | Shopping Nearby |
| Utility Type | Electricity Connected, Natural Gas Connected, Water Connected |
| Utility Sewer | Public Sewer, Sanitary Sewer |
| Water (WaterSource) | Public |
| Parking Type | Carport Multiple, Front Access, Side Access |
| Total Parking Spaces | 2 |
| Rental Suites | Unauthorized Suite |
| Lot Size | 5340 |
|---|---|
| Lot Size Depth | Feet |
| Lot Size Frontage | 44.5 |
| MLS® # | R3129212 |
| Area | Vancouver East |
| Neighbourhood | Fraserview VE |
| City | Vancouver |
| Postal Code | V5P 2K2 |
| Gross Taxes | $8,624.45 |
| Zoning | R1-1 |
| Floor | Type | Dimensions |
|---|---|---|
| Main Level | Living Room | 15'2 x 15'2 ft |
| Main Level | Dining Room | 10' x 10' ft |
| Main Level | Kitchen | 14'9 x 14'9 ft |
| Main Level | Primary Bedroom | 12'7 x 12'7 ft |
| Main Level | Bedroom | 8'11 x 8'11 ft |
| Main Level | Bedroom | 8'7 x 8'7 ft |
| Basement Level | Living Room | 12'5 x 12'5 ft |
| Basement Level | Kitchen | 9'7 x 9'7 ft |
| Basement Level | Bedroom | 9'1 x 9'1 ft |
| Basement Level | Bedroom | 11'3 x 11'3 ft |
| Basement Level | Flex Room | 12'2 x 12'2 ft |
| Basement Level | Laundry | 7'11 x 7'11 ft |
| Floor | Ensuite | Pieces |
|---|---|---|
| Main Level | No | #4 |
| Basement | No | #4 |
Listed by: Macdonald Realty & Macdonald Realty
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
1987 E 61st Avenue has a sell-speed score of 47/100, placing it in the "Expected to sell at a moderate pace" band. The listing is priced 5.8% above comparable active properties in Fraserview VE. Based on these signals, EstateBlock predicts this listing is may take several weeks to attract serious offers.
Natural hazards vary by location and can change over time. The following provides a summary of potential impacts to this area, postal code V5P 2K2, over the next 30 years. Projections use the 2041–2070 period (2050s) under a moderate emissions scenario (SSP2-4.5).
Outside of designated flood hazard zones. Under 10% of buildings in this area have flood risk over the next 30 years.
Located within the "Vancouver" WUI zone (Risk Class 5 — Low). Based on BC Wildfire Service provincial WUI Risk Class mapping; not a site-specific assessment.
Annual avg PM2.5 5.1 µg/m³ — meets Canada's CAAQS (BC ENV 2024). Nearest station: Vancouver Clark Drive, Vancouver (~5.1 km). Annual avg AQHI 2.2 — Low Risk.
Vancouver currently sees ~1 days above 30 °C per year (1981–2010 baseline), projected to rise to ~6 by the 2050s (SSP2-4.5 moderate emissions). Hottest day of the year: ~29.7 °C baseline, ~32 °C projected. Tropical nights (>18 °C): ~0 baseline, ~4 projected.
Annual precipitation ~1515 mm (1981–2010 baseline), projected ~1575 mm by the 2050s. Extreme 1-day rainfall: ~50.5 mm baseline, ~57 mm projected. Values vary modestly across the Lower Mainland.
Longest annual dry spell (consecutive dry days): ~22 days baseline, ~24 days projected for the 2050s. CDD is used as a regional drought proxy; drought risk varies modestly across the Lower Mainland.
| School | Type | Grades Served | Catchment Info | Rating | Distance |
|---|---|---|---|---|---|
Calculate your commute
1987 E 61st Ave, Vancouver, BC is ideally located for commuters. The property is 3.6 km from 29th Ave, with a 59 min SkyTrain ride to Downtown Vancouver (Waterfront Station). The closest bus stop is Southbound Victoria Dr @ Newport Ave (0.06 km).
| Year | Land | Improvements | Total Assessed | YOY Change |
|---|---|---|---|---|
| 2026 | $1,841,000 | $22,200 | $1,863,200 |
-6.2%
|
| 2025 | $1,963,000 | $23,500 | $1,986,500 |
+2.5%
|
| 2024 | $1,915,000 | $22,500 | $1,937,500 |
+2.2%
|
| 2023 | $1,873,000 | $22,200 | $1,895,200 |
+11.0%
|
| 2022 | $1,685,000 | $22,300 | $1,707,300 | — |
Comparable data is unavailable at the neighbourhood level. City-wide in Vancouver, similar Single Family Residences average $2,263,667 across 4 active listings — this listing is 25% below the Vancouver average.
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