No photos available

Investment signal

$1,399,000

2437 E 22ND AVENUE

Beds

Baths

Sqft

—

Year

1913

Location

See the block, not just the house.

Open the map for street view, commute checks, and nearby schools, groceries, mosques, parks, and transit stops.

Open full map

Text about this home Send a message

About this home

Incredible investment opportunity just two blocks from Nanaimo SkyTrain Station. Located in a fast-growing, transit-oriented area, this property offers strong holding and redevelopment potential. Zoned R1-1, it can allow for up to 4 dwelling units and is designated in the Vancouver Official Development Plan for future mid- to high-rise development. Recent updates include roof, washer, dryer, stove, microwave, and bathtub in 2021, plus a new hot water tank in 2025. Previously rented for $2,800/month (until March 2026), it offers solid income while you plan your next move. Ideal for investors, builders, or long-term holders seeking upside. Book your showings today! (id:65958)

Subtype: Single Family
Structure: House
Common interest: Freehold
Living area: 1,344 square feet
Lot size: 3,744.76 square feet
Lot dimensions: 3744.76
On market: Apr 7, 2026
Status changed: Apr 13, 2026
Annual tax: $7,364 (2025)
Photos: 22
MLS#: R3106885
Area: VANCOUVER

Features and systems

Basement

UnfinishedPartialUnknown

Appliances

AllWasherRefrigeratorStoveDryerWasher & Dryer

Heating

Forced air

Lot

Central location

View

Negative cash flow ~$2,686/mo at these assumptions

Monthly rent (CAD)Adjust to your local market estimateDown payment (%)Investment props typically 20-25%Mortgage rate (% annual)2026 default 5.49% — adjust to your rate holdAmortization (years)

Cash on cash

-11.52%

Cap rate

3.59%

GRM

16.7

Break-even rent

$9,828

Financing

Down payment$279,800

Loan amount$1,119,200

Mortgage$6,866/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$641

Insurance$80

Maintenance$1,166

CapEx reserve$583

Vacancy loss$350

Estimates only. Actual cash flow depends on financing terms, condition reports, current market rents, property tax assessment, condo fees, and tenant quality. Defaults: 5% vacancy, 1%/yr maintenance, 0.5%/yr CapEx reserve, $80/mo insurance. Property tax estimated at 0.55%/yr where not provided. Talk to a mortgage broker before relying on these numbers.

Lifestyle nearby

Nearby school, halal, mosque, grocery, park, and transit layers are still being built for Vancouver. The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.

Mortgage estimate

Estimated $6,866/mo at 5.49% with 20% down, 25-yr amortization.Estimate only — actual payment varies by qualification + insurance.

Listing brokerage

Listing brokerage on file

Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated Apr 13, 2026.