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.

Interior Features

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

Exterior Features	Balcony
View Description	Mountain
Structures	Multi Family

Building Details

Price	$3,980,000
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 & Land

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

Property Timeline

Status	Date	Price
R3109349 / Active	04-08-2026	$3,980,000
to view full Property History (2 earlier records)

Rooms

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

Bathrooms

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.

Map & Neighbourhood

Public Schools

Elementary
Lord Nelson Elementary School: Average 0.56 km 6.9/10
Secondary
Templeton Secondary School: Average 0.46 km 6.7/10

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: Above Average 0.1 km 8.9/10
Secondary
Notre Dame Regional Secondary School: Above Average 1.47 km 7.8/10

Closest Transit

Bus Stop
Northbound Commercial Dr @ Napier St: 0.33 km
Skytrain
Skytrain @ Commercial-Broadway Stn: 1.55 km

Crime Rate

Total Crime Rate: Average
Violent Crime Rate: Below Average
Property Crime Rate: Above Average

Demographics

Post-Secondary Education: Above Average 38.8%
No Certificate/Degree: Average 14.6%
Owner Occupied: Below Average 52.9%
Employment Rate: Average 58.7%

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

Sell Speed & Competition

No data

Overall sell-speed score

Moderate pace expected

—

Price competition grade

No comparable data

—

Market conditions

Market conditions unavailable

Flood Risk (FEMA/BC)

Unlikely — not in floodplain

Railway / Skytrain noise

Possible — near transit

Road / Highway noise

Possible — major road nearby

Airport noise (YVR)

Unlikely

Power lines proximity

Unlikely

ALR (Agricultural Land Reserve)

No — not in ALR

How GRANDVIEW WOODLAND compares

This property

151 DOM

Listed

Grandview Woodland avg

—

Vancouver avg

—

1923 Parker Street has a sell-speed score of 50/100, placing it in the "Expected to sell at a moderate pace" band. The listing is has limited comparable pricing data available. Based on these signals, EstateBlock predicts this listing is may take several weeks to attract serious offers.

Climate Risk for V5L 2L2

Natural hazards vary by location and can change over time. The following provides a summary of potential impacts to this area, postal code V5L 2L2, over the next 30 years. Projections use the 2041–2070 period (2050s) under a moderate emissions scenario (SSP2-4.5).

Flood Lower Risk

Outside of designated flood hazard zones. Under 10% of buildings in this area have flood risk over the next 30 years.

Fire Low

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.

Air Quality B / Good

Annual avg PM2.5 5.1 µg/m³ — meets Canada's CAAQS (BC ENV 2024). Nearest station: Vancouver Clark Drive, Vancouver (~2 km). Annual avg AQHI 2.2 — Low Risk.

Heat Low

Vancouver currently sees ~1 day 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.

Precipitation Increasing

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.

Drought Stable

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.

Nearby Restaurants, Cafes & Shops

Restaurants (86 nearby)

Britannia sushi · 311 m · Restaurant
Bombay kitchen and bar · 312 m · Restaurant
Mogu fried chicken · 312 m · Restaurant

Shopping (58 nearby)

Georgia general · 252 m · General
Kali · 310 m · Gift Shop
Dream cycle · 311 m · Bicycle Shop

Groceries (37 nearby)

Mi tierra latina · 318 m · Supermarket
Eternal abundance · 344 m · Greengrocer
Choices market · 354 m · Supermarket

Cafes (30 nearby)

Bump n grind cafe · 316 m · Cafe
Moja coffee · 337 m · Cafe
The bunny cafe · 362 m · Cafe

Healthcare (5 nearby)

Pharmasave · 463 m · Healthcare
Strathcona pharmacy · 616 m · Healthcare
Shoppers simply pharmacy · 643 m · Healthcare

Transit (1 nearby)

Bus stop westbound dundas st @ wall st · 1000 m · Transit

Schools NearBy

36 Schools are within 3km

School	Type	Grades Served	Catchment Info	Rating	Distance
St Francis of Assisi	Independent	Grades Served K-7	Catchment Info —	8.9 / 10	Distance 98 m
Britannia Community Secondary School	Public	Grades Served 8-12	Catchment Info —	5.0 / 10	Distance 406 m
Templeton Secondary School	Public	Grades Served 8-12	Catchment Info In Catchment	6.7 / 10	Distance 457 m
Britannia Community Elementary School	Public	Grades Served K-7	Catchment Info —	5.9 / 10	Distance 479 m
Lord Nelson Elementary School	Public	Grades Served K-7	Catchment Info In Catchment	6.9 / 10	Distance 563 m
Lord Nelson Elementary	Public	Grades Served —	Catchment Info —	6.9 / 10	Distance 566 m
Queen Victoria Annex	Public	Grades Served K-5	Catchment Info —	6.4 / 10	Distance 956 m
Admiral Seymour Elementary School	Public	Grades Served K-7	Catchment Info —	0	Distance 1.14 KM
Our Lady Of Sorrows	Independent	Grades Served —	Catchment Info —	9.7 / 10	Distance 1.15 KM
Our Lady of Sorrows School	Independent	Grades Served K-7	Catchment Info —	9.7 / 10	Distance 1.17 KM
Hastings Community Elementary School	Public	Grades Served K-7	Catchment Info —	6.4 / 10	Distance 1.26 KM
Tillicum Community Annex	Public	Grades Served K-4	Catchment Info —	7.4 / 10	Distance 1.36 KM
Chief Maquinna Elementary School	Public	Grades Served K-7	Catchment Info —	7.5 / 10	Distance 1.36 KM
Notre Dame Regional Secondary School	Independent	Grades Served 8-12	Catchment Info —	7.8 / 10	Distance 1.47 KM
Laura Secord Elementary School	Public	Grades Served K-7	Catchment Info —	7.1 / 10	Distance 1.61 KM
West Coast Christian School	Independent	Grades Served K-12	Catchment Info —	6.0 / 10	Distance 1.80 KM
Norval-Morrisseau	Public	Grades Served —	Catchment Info —	0	Distance 1.82 KM
Dr. A. R. Lord Elementary School	Public	Grades Served K-7	Catchment Info —	6.0 / 10	Distance 1.90 KM
Vancouver Technical Secondary	Public	Grades Served —	Catchment Info —	7.1 / 10	Distance 2.02 KM
Stratford Hall School	Independent	Grades Served K-12	Catchment Info —	8.7 / 10	Distance 2.08 KM
Stratford Hall	Independent	Grades Served —	Catchment Info —	8.7 / 10	Distance 2.13 KM
Columbia College	Independent	Grades Served 11-12	Catchment Info —	0	Distance 2.23 KM
St.Joseph's School	Independent	Grades Served K-7	Catchment Info —	8.1 / 10	Distance 2.28 KM
Coquitlam College - Brookmere Secondary	Independent	Grades Served —	Catchment Info —	0	Distance 2.38 KM
St. Francis Xavier	Independent	Grades Served K-7	Catchment Info —	9.6 / 10	Distance 2.41 KM
Westside Montessori Academy	Independent	Grades Served K-7	Catchment Info —	9.1 / 10	Distance 2.41 KM
St Francis Xavier	Independent	Grades Served —	Catchment Info —	9.6 / 10	Distance 2.43 KM
Mount Pleasant Elementary School	Public	Grades Served K-7	Catchment Info —	5.3 / 10	Distance 2.51 KM
Tyee Elementary School	Public	Grades Served K-7	Catchment Info —	8.0 / 10	Distance 2.59 KM
Charles Dickens Elementary School	Public	Grades Served K-7	Catchment Info —	6.9 / 10	Distance 2.65 KM
St.Jude's School	Independent	Grades Served K-7	Catchment Info —	9.8 / 10	Distance 2.70 KM
Florence Nightingale Elementary School	Public	Grades Served K-7	Catchment Info —	7.0 / 10	Distance 2.76 KM
Lord Beaconsfield Elementary School	Public	Grades Served K-7	Catchment Info —	7.0 / 10	Distance 2.82 KM
Sir John Franklin Community School	Public	Grades Served K-7	Catchment Info —	6.7 / 10	Distance 2.91 KM
Lord Selkirk Elementary School	Public	Grades Served K-7	Catchment Info —	6.1 / 10	Distance 2.94 KM
Nootka Community Elementary School	Public	Grades Served K-7	Catchment Info —	7.3 / 10	Distance 2.98 KM

Pre-computed routes from 1923 Parker St, Vancouver, BC

1923 Parker St, Vancouver, BC Commercial-Broadway 1.6 km

31 min

Downtown Vancouver Waterfront Station

By transit (Skytrain)

Downtown Vancouver via Commercial-Broadway → Waterfront
31 min
Metrotown, Burnaby via Commercial-Broadway → Metrotown
31 min
SFU Burnaby via Commercial-Broadway → Production Way
38 min
Richmond Centre via Commercial-Broadway → Brighouse
56 min
YVR Airport via Commercial-Broadway → YVR-Airport
57 min

By car (off-peak)

Downtown Vancouver via HWY 1 / Grandview
4 min
Metrotown, Burnaby via Lougheed Hwy
9 min
SFU Burnaby via Gaglardi Way
13 min
Richmond Centre via No. 3 Rd
16 min
YVR Airport via Bridgeport / Sea Island
15 min

Calculate your commute

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). Walk Score Transit rating: Good Transit (67/100).

Estateblock Rent Estimate for 1923 Parker Street, Vancouver

Buy Vs Rent Calculator

— / month

Rent —

Own —

Principal: — Interest, tax, insurance, fees: —

Rent vs own

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Principal paid off by year 5 —

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Approximate estimates for informational purposes only, not financial advice. Assumes a new 30-year fixed mortgage at the rate shown; actual rent, payments, and equity will vary by loan terms and market conditions. Consult a licensed professional before deciding.

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	—

1923 Parker St, Vancouver BC - Other for Sale - MLS# R3109349

Photos

Property Details for 1923 Parker Street

Interior Features

Exterior Features

Building Details

Lot & Land

Property Timeline

Map & Neighbourhood

Sell Speed & Competition

Climate Risk for V5L 2L2

Nearby Restaurants, Cafes & Shops

Restaurants (86 nearby)

Shopping (58 nearby)

Groceries (37 nearby)

Cafes (30 nearby)

Healthcare (5 nearby)

Transit (1 nearby)

Schools NearBy

St Francis of Assisi

Grades Served

Catchment Info

Distance

Britannia Community Secondary School

Grades Served

Catchment Info

Distance

Templeton Secondary School

Grades Served

Catchment Info

Distance

Britannia Community Elementary School

Grades Served

Catchment Info

Distance

Lord Nelson Elementary School

Grades Served

Catchment Info

Distance

Lord Nelson Elementary

Grades Served

Catchment Info

Distance

Queen Victoria Annex

Grades Served

Catchment Info

Distance

Admiral Seymour Elementary School

Grades Served

Catchment Info

Distance

Our Lady Of Sorrows

Grades Served

Catchment Info

Distance

Our Lady of Sorrows School

Grades Served

Catchment Info

Distance

Hastings Community Elementary School

Grades Served

Catchment Info

Distance

Tillicum Community Annex

Grades Served

Catchment Info

Distance

Chief Maquinna Elementary School

Grades Served

Catchment Info

Distance

Notre Dame Regional Secondary School

Grades Served

Catchment Info

Distance

Laura Secord Elementary School

Grades Served

Catchment Info

Distance

West Coast Christian School