Property Type: Detached HouseOwnership: Freehold

7160 INVERNESS STREET

Vancouver, BC V5X4G8

$2,349,000

5 bed2 bath1 parking2,420 sqftBuilt 1954
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Property Details

Property & Lot

Sub-type
House
Lot size
8,199.92 square feet
Frontage
59 feet

Ownership & Fees

Property type
Detached House
Ownership
Freehold
Annual property tax
$10,559.5 (2025)

Interior

Basement
Full, Unknown, Unknown
Heating
Forced air
Fireplace
Yes (1)

Parking

Total spaces
1 — covered indicated
Features
Detached Garage

Listing Information

MLS®
R3125011
Listed
May 19, 2026
Time on market
On the market for 104 days
Tax assessment year
2025
Data last synced
August 28, 2026

Listing provided by: SRS Westside Realty · Data source: CREA DDF.

Description

Incredible opportunity to own one of the largest building lots currently available on the market. Situated on a massive approx. 60 x 140 level lot, this property is surrounded by newer, well-constructed homes in one of Vancouver's most desirable and convenient locations. Build your dream home, a large side-by-side duplex, or explore multiplex potential - the possibilities here are endless. Located within the highly sought-after David Thompson Secondary School catchment and close to parks, transit, shopping, and all amenities. A rare opportunity for builders, investors, or end users looking to secure a premier piece of Vancouver real estate. Call Deepak today for more information or to schedule a private viewing. (id:63159)

Values & Trends

This listing

$971/sqft

Building average

No other active listings in this building

Vancouver average

$1,165/sqft

1216 active listing(s)

Parking: 1 stall(s) includedStorage 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

11

2/9 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
Walter Moberly ElementaryElementary513 m
Sir James Douglas ElementaryElementary679 m
Sir James Douglas AnnexElementary679 m
David Thompson SecondaryElementary692 m
Sir Sandford Fleming ElementaryElementary755 m
Qawsain Knowledge House(Independent)Elementary/Middle1.0 km
John Henderson ElementaryElementary1.2 km
Pierre Elliott Trudeau ElementaryElementary1.3 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
Southbound Knight St @ E 57 Ave214 m
Northbound Knight St @ E 57 Ave227 m
Southbound Knight St @ E 53 Ave297 m
Southbound Knight St @ E 58 Ave316 m
Northbound Knight St @ E 59 Ave346 m

Nearby Places

Grocery (1)

  • Save and Stay Food Store · 6495 Knight Street706 m

Parks (2)

  • Ross Park291 m
  • Moberly Park588 m

Nearby places data: © OpenStreetMap contributors.

School district: Vancouver (SD39)

Mortgage & Ownership Cost Calculator

Minimum required: 20.0% ($469,800) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$1,879,200.00
Periodic payment — Principal & Interest (monthly)$12,123.96
Additional monthly expenses (strata, tax, utilities, etc.)$1,000.96
Total monthly cost$13,124.92
Interest paid over 5-yr term$538,584.12
Balance at end of term$1,690,346.48

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$469,800
Stress test qualifying rate8.09%
Payment you must qualify for$14,450.39

Cash Needed at Closing

Minimum down payment$469,800
Estimated BC PTT$48,470
Legal / closing costs (typical estimate)$1,500
Total cash needed$519,770

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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