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Investment signal

$3,880,000

6689 GRANVILLE STREET

Beds

4

Baths

2

Sqft

Year

1946

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.

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About this home

Calling all investors to unlock the potential of this 12,000+sqft lot, situated in one of Vancouver's most coveted neighbourhood. Just minutes away from top schools, transit and everyday amenities, the location attracts stable demand from high-end home buyers. Under latest zoning regulation, this beautiful flat lot can be developed up to 6 luxury homes totalling 12,000sqft of floor area. It is ideal for a signature luxury multi-unit project and a perfect opportunity for investors! The house has a recently updated 2-bedroom main floor with spacious primary bedroom and extra office space, offering flexibility of capitalising on rental income or self-use during permit application. Don't miss this golden opportunity, CALL today! (id:65958)

Subtype
Single Family
Architectural style
2 Level
Structure
House
Common interest
Freehold
Living area
2,429 square feet
Lot size
12,111 square feet
Lot dimensions
12111
Parking
2 total
Fireplace
2
On market
Apr 14, 2026
Status changed
Apr 15, 2026
Annual tax
$16,700.8 (2025)
Photos
4
MLS#
R3111374
Area
VANCOUVER

Features and systems

Parking

Detached Garage

Heating

Forced air
Negative cash flow ~$7,321/mo at these assumptions

Cash on cash

-11.32%

Cap rate

3.63%

GRM

16.7

Break-even rent

$27,106

Financing

Down payment$776,000
Loan amount$3,104,000
Mortgage$19,043/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$1,778
Insurance$80
Maintenance$3,233
CapEx reserve$1,617
Vacancy loss$970

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 $19,043/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 15, 2026.

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