Property Type: Detached HouseOwnership: Freehold

1385 E 7TH AVENUE

Vancouver, BC V5N1R6

$1,838,383

5 bed2 bath1,997 sqftBuilt 1958
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Property Details

Property & Lot

Sub-type
House
Lot size
4,023 square feet
Frontage
32.11 feet

Ownership & Fees

Property type
Detached House
Ownership
Freehold
Annual property tax
$8,909.86 (2025)

Interior

Basement
Finished, Separate entrance, Unknown
Heating
Forced air
Fireplace
None

Listing Information

MLS®
R3119324
Listed
May 5, 2026
Time on market
On the market for 119 days
Tax assessment year
2025
Data last synced
August 28, 2026

Listing provided by: Heller Murch Realty · Data source: CREA DDF.

Description

Zoned RM-4 and situated within Tier 2 of the Transit-Oriented Area (TOA) surrounding the Commercial-Broadway transit hub, this site offers significant upside under the Province's new transit-oriented development framework, including increased density and reduced parking requirements. Strong triplex potential under current multi-family zoning, with additional density opportunities available through TOA provisions. Buyer to verify with COV. Whether you're a builder looking for your next project, an investor seeking a long term land play, or a developer assembling sites in a high-growth corridor, 1385 E 7th delivers location, zoning, and timing. Walking distance to SkyTrain, the Commercial Drive shopping and dining district, parks, and schools. (id:63159)

Values & Trends

This listing

$921/sqft

Building average

No other active listings in this building

Vancouver average

$1,165/sqft

1216 active listing(s)

Parking: Not indicatedStorage locker: Not indicated

Per-stall/locker dollar values aren't itemized in our data source — shown as included/not indicated only, not a fabricated estimate. $/sqft averages are computed live from other active listings, not a third-party model.

Detached (House) Market Stats — Vancouver

Monthly figures from the Fraser Valley Real Estate Board for Vancouver detached (house)listings — not specific to this property.

MLS® HPI Benchmark Price

$2,303,200

Jul 2026

Average Sale Price

$2,623,974

Jul 2026

Monthly Sales

131

Jul 2026

Active Listings

1,316

Jul 2026

Sales-to-Active Ratio

10.0%

Jul 2026

Median Days to Contract

27 days

Jul 2026

MLS® HPI Benchmark Price

$2,657,400
$2,280,700
Aug '21Aug '22Aug '23Aug '24Aug '25Jul '26

Source: Fraser Valley Real Estate Board (FVREB).

Location Insights

Weather

Clear

15°C

Clear

Humidity 100%

Wind NW 5 km/h

Tonight

14°

Tuesday

20°

Tuesday night

15°

Wednesday

19°

Wednesday night

14°

Thursday

17°

Source: Environment and Climate Change Canada.

Population

662,248

(2021 Census)

+4.9% since 2016

Density: 5,749.7/km²

Dwellings: 328,347

Median household income: $82,000

After-tax: $72,000

Immigrant population: 42.2%

Top countries of origin (% of total population)

  • China9.6% · 63,270
  • Philippines4.5% · 29,925
  • Hong Kong3.8% · 25,485
  • India2.2% · 14,640
  • United Kingdom1.9% · 12,895
  • Viet Nam1.8% · 12,115
  • Taiwan1.5% · 9,865
  • United States of America1.5% · 9,790

Source: Statistics Canada, 2021 Census of Population.

Location Accessibility

Our own metric — not an official Walk Score®.

Amenities

48

8/9 categories nearby

Transit

33

5 stop(s) within 800m

How this is calculated

Amenities: points awarded per category (restaurants, cafes, grocery, parks, shopping, gyms, pharmacies, banks/ATMs, healthcare) based on distance to the nearest one — 3 points under 200m, 2 points under 500m, 1 point under 800m — summed across all 9 categories and scaled to 0–100.

Transit: based on the number of transit stops within 800m and their mode (SkyTrain weighted highest, then streetcar/ferry, then bus). This reflects stop type and count only — our data doesn't include how often a route actually runs, so frequency is never factored in.

Both scores depend on how much of the surrounding area has been synced from OpenStreetMap and TransLink's GTFS feed. A lower score can mean fewer amenities nearby, or simply that this area hasn't been fully synced yet — not a confident measurement of the location itself.

Nearby Schools

SchoolTypeDistance
Grandview ¿uuqinak’uuh ElementaryElementary208 m
Queen Alexandra ElementaryElementary291 m
Queen Victoria AnnexElementary742 m
Stratford Hall(Independent)K-12901 m
St Joseph's(Independent)Elementary994 m
Laura Secord ElementaryElementary1.1 km
Britannia Community ElementaryElementary1.2 km
Charles Dickens ElementaryElementary1.2 km

Schools shown by distance from this property. This does not indicate school catchment or enrollment eligibility — contact the school district to confirm catchment boundaries.

Nearby Transit

StopTypeDistance
Northbound Clark Dr @ E 6th Ave122 m
Southbound Clark Dr @ E 6th Ave142 m
Westbound E Broadway @ McLean Dr220 m
Northbound Clark Dr @ E Broadway222 m
Eastbound E Broadway @ Clark Dr245 m

Nearby Places

Restaurants (5+)

  • Rollzzy · 2247 Commercial Drive422 m
  • Mr. Greek · 2285 Commercial Drive423 m
  • Kinton Ramen · 1661 East Broadway425 m
  • Harambe · 2149 Commercial Drive439 m
  • Kakai Sushi · 1638 East Broadway440 m

Cafes (5+)

  • Blenz Coffee387 m
  • JJ Bean · 2206 Commercial Drive464 m
  • The Hanoi Corner · 2017 Commercial Drive483 m
  • Grounds for Coffee · 2088 Commercial Drive496 m
  • Tim Hortons · 2470 Commercial Drive500 m

Grocery (5+)

  • First Ravioli Store · 1900 Commercial Drive583 m
  • Safeway · 1780 East Broadway598 m
  • Mediterranean Specialty Foods · 1824 Commercial Drive625 m
  • Vancouver Fresh Mart709 m
  • Triple A Market · 1626 Commercial Drive770 m

Parks (5+)

  • W.C. Shelley Park · 1500 East 8th Avenue258 m
  • China Creek Park South · 1255 East 10th Avenue412 m
  • Cedar Cottage Park · 2650 Clark Drive415 m
  • Alice Townley Park · 1775 Woodland Drive518 m
  • China Creek Park North557 m

Shopping (1)

  • Il Mercato · 1641 East 1st Avenue737 m

Gyms (1)

  • Open Door Yoga · 1651 Commercial Drive780 m

Pharmacies (5+)

  • PharmaPlus Rx · 2021 Commercial Drive479 m
  • Maggie's Pharmacy · 2591 Commercial Drive523 m
  • Alberto Pharmacy · 2516 Commercial Drive526 m
  • Shoppers Drug Mart · 1755 East Broadway551 m
  • Safeway590 m

Banks & ATMs (5+)

  • Community Savings Credit Union · 2248 Commercial Drive456 m
  • Scotiabank · 1695 East Broadway470 m
  • BMO · 2501 Commercial Drive486 m
  • Instacoin ATM533 m
  • Bitcoin ATM Coinsite · 2590 Commercial Drive560 m

Nearby places data: © OpenStreetMap contributors.

School district: Vancouver (SD39)

Mortgage & Ownership Cost Calculator

Minimum required: 20.0% ($367,677) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$1,470,706.00
Periodic payment — Principal & Interest (monthly)$9,488.50
Additional monthly expenses (strata, tax, utilities, etc.)$842.49
Total monthly cost$10,330.98
Interest paid over 5-yr term$421,508.57
Balance at end of term$1,322,904.80

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$367,677
Stress test qualifying rate8.09%
Payment you must qualify for$11,309.22

Cash Needed at Closing

Minimum down payment$367,677
Estimated BC PTT$34,768
Legal / closing costs (typical estimate)$1,500
Total cash needed$403,944

Minimum down payment: 5% on the first $500,000, 10% on the portion up to $1.5M, 20% at/above $1.5M. Stress test: OSFI's minimum qualifying rate, the greater of contract rate + 2% or 5.25% — this is what lenders require you to qualify at, not what you'll actually pay. Closing costs are a typical-range estimate, not a quote — actual legal fees vary. Verify all figures with a mortgage broker and lawyer before relying on them.

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