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 $2,488,000

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 Natural Gas, Radiant

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: Sutton Premier 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

Elementary

G. T. Cunningham Elementary School

Average

0.42 km

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

Secondary

Vancouver Formosa Academy

1.08 km

Closest Transit

Bus Stop

Eastbound E 41 Ave @ Gladstone St

0.1 km

Skytrain

Skytrain @ 29Th Av Stn

1.59 km

Noise/ Power Lines

Road/Hwy Noise

Possible

Railway/Sky train Noise

Unlikely

Airport/Port Noise

Unlikely

Close to major Power Lines

Unlikely

Other

Agricultural Land Reserve (ALR)

Unlikely

Flood Area

Unlikely

Close to Cemeteries

Unlikely

Welcome to 2228 E 40th Avenue, Vancouver, BC, MLS^® R3042771

As we walk through the charming streets of this Vancouver neighborhood, you'll notice the beautiful blend of community and convenience that makes this area a sought-after destination for families and professionals alike. Let's start with the schools that shape the lives of our young residents.

Education:

Just down the road from 2228 E 40th Avenue, you'll find G. T. Cunningham Elementary School, rated 5.8/10. With a distance of only 0.42 km, this school is a short walk or bike ride from home. The property is also serviced by Gladstone Secondary School, located 1.66 km away, with a rating of No Rating. For those seeking an independent education, Corpus Christi School is a top choice, with a rating of 10/10 and a distance of 0.82 km. Vancouver Formosa Academy is another excellent option, with a rating of No Rating and a distance of 1.08 km.

Safety:

According to Statistics Canada's 2020 report, the neighborhood surrounding 2228 E 40th Avenue has an overall crime rate of 7,470.82, which is Average compared to other Canadian cities. With a year-over-year change of -14.94%, this area is experiencing a downward trend in crime rates. Drug crime rates are Average, with a rating of 229.49 and 1,604 incidents in 2020. Property crimes are Above Average, with a rating of 5,020.27 and 35,089 incidents in 2020. Violent crime rates are Below Average, with a rating of 1,311.69 and 9,168 incidents in 2020.

Transit:

Getting around is a breeze with the Eastbound E 41 Ave @ Gladstone St bus station just 0.1 km away from 2228 E 40th Avenue. This convenient location makes it easy to commute to work, school, or explore the city.

Demographics:

The community surrounding 2228 E 40th Avenue is diverse and vibrant, with 22.1% of residents holding 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, also Above Average compared to the province. Median household income is $65,609, which is Average in comparison to British Columbia. Median personal income is $24,312, which is Low compared to the province. The majority of households are renters, with 43.8% of the population, which is Above Average compared to other BC cities.

Real Estate:

The average value of dwellings in the neighborhood surrounding 2228 E 40th Avenue is $1,330,325, which is High compared to other areas in British Columbia. Average owner payments are Above Average, with $1,331 spent on average for dwellings. Tenants are paying $1,118, which is also Above Average. 43.8% of the population are renters, which is Above Average compared to other BC cities.

Lifestyle:

The area around 2228 E 40th Avenue offers a range of lifestyle amenities, including parks, beaches, trails, dog parks, shopping malls, grocery stores, restaurants, coffee shops, and hospitals. With a population density of 7,680.3 people per square kilometer, this community is bustling with activity. The average size of families is 3, which is Above Average compared to the region. 72.2% of families have children, which is High. 53.3% of the population are married or living common law, which is Below Average.

Unemployment:

The unemployment rate in the area surrounding 2228 E 40th Avenue is 6.9%, which is Below Average compared to other province neighborhoods. This makes it an attractive location for families and professionals seeking stability and economic security.

Community Growth:

The population change between 2011 and 2016 was -1.5%, which is Below Average compared to average growth rates in the region. This indicates a relatively stable community with a strong sense of continuity.

As we explore the charming streets of this Vancouver neighborhood, it's clear that 2228 E 40th Avenue, Vancouver, BC, MLS^® R3042771 is a unique and desirable property that offers the perfect blend of community, convenience, and lifestyle amenities.