2228 E 40th Ave, Vancouver, BC | MLS® R3042771 Property Details

This spacious home offers over 3,325 sqft of comfortable living, featuring 9 bedrooms + den and 5 bathrooms, ideal for a large family or multi-generational living. The home comes with freshly exterior painted in 2024 with a private secluded backyard great for relaxation and entertainment. Upstairs is fully tenanted, generating excellent income that covers the entire mortgage—perfect for buyers looking for a turnkey income property. Just steps away from schools, shops, restaurants, buses, and along the vibrant Victoria Drive, everything you need is within minutes of your doorstep. Don’t miss the opportunity to own a well-located, income-generating home in a highly sought-after neighborhood. Properties like this won’t last long—schedule your showing today!

General Info

Price $2,588,000

Total Bedrooms 9

Total Bathrooms 5

Half Bathrooms 0

Floor Area Total (sqft) 3325

Lot Size 5600

Lot Size Depth Feet

Lot Size Frontage 40

Basement Crawl Space

Basement Features BasementFeatures

Property Metrics

Year Built 1995

Age Of Building 30

Building Type Single Family Residence

Property Type Residential

Stories 3

Building Features BuildingFeatures

Structures Residential Detached

Additional Details

MLS # R3042771

Area Vancouver East

Neighbourhood Victoria VE

City Vancouver

Gross Taxes $10,650.4

Ownership Type Freehold NonStrata

Maintenance Fee -

Community Features Shopping Nearby

Fixtures Included -

Heating & Cooling

Fireplace -

Heating Type Baseboard, Natural Gas

Utilities

Utility Type Electricity Connected, Natural Gas Connected, Water Connected

Water (WaterSource) Public

Parking

Parking Type Additional Parking, Garage Double

Total Parking Spaces 3

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Strata Restrictions -

Rental Restrictions -

Zoning R1-1

Rental Suites -

# of Kitchens 1

Foundation Concrete Perimeter

Locker -

View -

View Description -

Units In Development -

Exterior Features Balcony, Private Yard

Roof Tile

Property History

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Status	Date	Price

Rooms

Floor	Type	Dimensions
Above Level	Foyer	9'5 x 9'5 ft
Above Level	Bedroom	11'4 x 11'4 ft
Above Level	Bedroom	11'4 x 11'4 ft
Above Level	Bedroom	10'10 x 10'10 ft
Above Level	Primary Bedroom	12'1 x 12'1 ft
Above Level	Walk-In Closet	5'3 x 5'3 ft
Main Level	Foyer	8'5 x 8'5 ft
Main Level	Den	11'4 x 11'4 ft
Main Level	Bedroom	7'9 x 7'9 ft
Main Level	Foyer	3'11 x 3'11 ft
Main Level	Dining Room	12'1 x 12'1 ft
Main Level	Living Room	12'1 x 12'1 ft
Main Level	Nook	8'5 x 8'5 ft
Main Level	Kitchen	10'3 x 10'3 ft
Main Level	Bedroom	15'2 x 15'2 ft
Main Level	Bedroom	12'1 x 12'1 ft
Main Level	Laundry	3'11 x 3'11 ft
Below	Foyer	7'4 x 7'4 ft
Below	Bedroom	9'11 x 9'11 ft
Below	Foyer	3'10 x 3'10 ft
Below	Recreation Room	11'8 x 11'8 ft
Below	Bedroom	18'1 x 18'1 ft
Below	Patio	11'4 x 11'4 ft

Bathrooms

Floor	Ensuite	Pieces
Above Level	No	#3
Above Level	No	#4
Above Level	Yes	#4
Main Level	No	#3
Below	No	#3

Listed by: eXp 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.

Neighborhood Info

Public Schools

Secondary

Gladstone Secondary School

1.66 km

No Rating

Elementary

G. T. Cunningham Elementary School

Average

0.42 km

Rating 5.8/10

Information includes BC Government Open License data; school details change often and are offered solely as general guidance.

Private Schools

Elementary

Corpus Christi School

0.82 km

Rating 10/10

Secondary

Vancouver Formosa Academy

1.08 km

No Rating

Closest Transit

Translink

Eastbound E 41 Ave @ Gladstone St

0.1 km

Welcome to 2228 E 40th Avenue, a vibrant community in the heart of Vancouver, BC!

As we step into this charming neighborhood, you'll find a sense of pride and community. Let's start with the local schools. Just a short 0.42 km from this beautiful home, you'll find G. T. Cunningham Elementary School, rated 5.8/10. Families love this area because of the excellent education system and the opportunity for their children to grow and thrive. Additionally, Gladstone Secondary School is just 1.66 km away, making it easily accessible for students.

We're also fortunate to have Corpus Christi School, an elementary independent school with a rating of 10/10, just 0.82 km from this home. And for secondary school, Vancouver Formosa Academy is just 1.08 km away, offering another excellent option for students.

Safety and Security

Now, let's talk about safety. According to the latest statistics from Statistics Canada (2020), the neighborhood surrounding 2228 E 40th Avenue has a crime rate of 7,470.82, which is considered Average compared to other Canadian cities. However, it's essential to note that the year-by-year change in the total crime rate is -14.94%, indicating a positive trend.

In terms of property crimes, the neighborhood is considered Above Average, with a rating of 5,020.27. However, the year-by-year change in the property misconduct rate is -20.80%, showing a decline in property-related crimes.

Demographics and Lifestyle

The neighborhood surrounding 2228 E 40th Avenue is a diverse and vibrant community. According to the latest census data, 22.1% of the population holds a university certificate or degree, which is Above Average compared to other BC neighborhoods. However, 26.7% of the population has no certificate or degree, which is also Above Average compared to the average in BC.

In terms of household income, the median household income is $65,609, which is Average compared to the British Columbia average. However, the median personal income is $24,312, which is Low compared to the BC average. Additionally, 43.2% of households in the area have a mortgage, which is Low compared to other neighborhoods.

Transit and Transportation

Convenience is key when it comes to transportation. The closest bus station is Eastbound E 41 Ave @ Gladstone St, just 0.1 km away from this listing. This makes it easy to get around the city without a car.

Real Estate Context

The average value of dwellings in this neighborhood is $1,330,325, which is High compared to other areas in British Columbia. Average owner payments are Above Average in the area, with owners spending $1,331 on average for their dwellings. Tenants are paying $1,118 in this district, which is also Above Average compared to other cities.

Community and Amenities

The neighborhood surrounding 2228 E 40th Avenue is filled with community spirit. You'll find a variety of parks, beaches, trails, dog parks, shopping malls, grocery stores, restaurants, coffee shops, and hospitals nearby. The average size of families in the area is 3, which is Above Average compared to the whole region. Additionally, 72.2% of families in the area have children, which is High.

Language and Culture

The community surrounding 2228 E 40th Avenue is diverse, with 79.6% of residents speaking English only, which is Below Average compared to other BC cities. However, 2.8% of the population speaks neither English nor French, which is High compared to other BC cities.

Additional Insights

This neighborhood is a wonderful place to call home, with a strong sense of community and a diverse range of amenities. Whether you're a family, a professional, or a retiree, there's something for everyone in this vibrant community.

If you're looking for a home that offers the best of both worlds – a strong sense of community and easy access to amenities – then 2228 E 40th Avenue is the perfect place to call home. Don't miss out on this opportunity to make your dreams a reality. Contact me today to schedule a viewing of this stunning property!

MLS® R3042771

Listing Address: 2228 E 40th Avenue, Vancouver, BC

Listing MLS#: R3042771

This property is a must-see for anyone looking for a home in the heart of Vancouver. Contact me today to schedule a viewing and make your dreams a reality!

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