5 2240 E 40TH AVENUE

5 2240 E 40TH AVENUE · Vancouver, Victoria · Row / Townhouse · 3 bed · 3 bath · $1,099,900 · MLS R3120698

Vancouver, British Columbia · Neighbourhood: Victoria
For sale
5 2240 E 40TH AVENUE

5 2240 E 40TH AVENUE is located in Vancouver (Victoria). Property snapshot: Row / Townhouse, 3 bed, 3 bath, listed at $1,099,900, MLS R3120698. Compare transit, schools, similar supply, strata/carrying costs and resale liquidity—not just photos and asking price. Current DOM/site exposure: -. BurnabyHouse Deal Score: 50

List Price: $1,099,900
MLS: R3120698
Bedrooms: 3
Bathrooms: 3
Interior Size: 1,127 sqft
Days on Market: -
Days on Site: 40
Deal Score: 50/100
Catchment Schools: Catchment schools include G T Cunningham Elementary, Gladstone Secondary
Price History: Latest recorded list price 1099900.00

Local Decision Guide

How should buyers evaluate 5 2240 E 40TH AVENUE?

Start by reading this listing in its Vancouver Victoria context: price, property type, land or strata setup, age, transit, schools, similar supply, carrying costs and resale liquidity should be considered together, not just photos and asking price.

What should be checked before writing an offer?
  • Recent comparable sales, competing active listings, days on market, price changes and current market pace.
  • Property condition, inspection risk, insurance, financing, tax, title and any disclosure documents.
  • For strata homes, review minutes, contingency reserve, special levies, rental rules and pet bylaws.
How do buyers find land with rebuild or multiplex potential, what should they watch, and how can returns be improved?

To find land with this potential, start with zoning, lot size, frontage, lane or driveway access, servicing, trees, slope, basement conditions, BC Assessment, title restrictions and municipal permits. The highest-return plan is usually not simply the maximum unit count; it is the best balance between approval risk, construction cost, rent or resale pricing, floor-plan efficiency, parking and holding period.

Vancouver listings should separate R1-1, RS, RT, laneway house and multiplex rules during review. R1-1 is an important low-density housing reform signal, but heritage, trees, underground servicing, parking, corner-lot conditions and existing building condition can all change the practical outcome.

Vancouver R1-1 / RS / RT / laneway quick checklist
  • Confirm whether zoning is R1-1, RS, RT or another district.
  • Review laneway house, multiplex, heritage, tree, parking and servicing rules separately.
  • Do not rely on lot size alone; corner-lot conditions, underground servicing and existing building condition can affect the plan.
What does this page not replace?

It does not replace a realtor, lawyer, inspector, mortgage broker, insurance review, tax advice, strata documents, BC Assessment or municipal records. Use it to form better questions, then verify independently.

Listing FAQ

What is the current list price for 5 2240 E 40TH AVENUE?

This page shows a list price of $1,099,900 with MLS R3120698.

What type of home is this Vancouver, Victoria listing?

The page shows Row / Townhouse, 3 bed, 3 bath at 5 2240 E 40TH AVENUE. Buyers should still verify strata/land context, interior size, age and inspection findings.

How long has this listing been on the market?

Current records show about - days on market/site. Latest recorded list price 1099900.00.

Which catchment schools are associated with 5 2240 E 40TH AVENUE?

Catchment schools include G T Cunningham Elementary, Gladstone Secondary. Catchment boundaries can change, so buyers should verify with the school district or their realtor before writing an offer.

What does the Deal Score of 50/100 mean?

Deal Score is a BurnabyHouse screening score based on list price, assessment, DOM, strata fees, rent yield and area-average signals. It helps with first-pass screening and does not replace inspection, financing, legal or municipal due diligence.

What should buyers check first on this listing?

Start with price, location, property type, land or strata context, condition, schools/transit, recent comparable sales and carrying costs; if redevelopment or multiplex potential matters, also review zoning, lot size, servicing and municipal rules.

How should Vancouver listings be screened for R1-1, RS, RT, laneway and multiplex risk?

Vancouver listings should be checked against R1-1, RS, RT and other zoning, laneway house rules, multiplex rules, heritage, trees, parking, servicing and permits. Block-level and site-level constraints can change the outcome.

Can AI analysis replace professional advice?

No. AI analysis is for faster context and market screening; final decisions should still rely on a realtor, lawyer, inspection, financing, tax and municipal due diligence.

Remarks

Backed by an award-winning team, QUINTET is a boutique collection of 5 modern East Vancouver townhomes by Costar Construction - 2024 Georgie Award Winner for Best Multiplex. The 'Fitzgerald' plan is a 2-level, 3-bed, 2.5-bath home featuring a large outdoor yard space (dog-friendly), with stunning Japan/Scandinavian-inspired interiors. Premium Cosentino quartz, luxury oak-grain vinyl flooring, custom millwork, bespoke entertainment unit, oversized triple-glazed windows, stairway step lights, ensuite underfloor heating, and integrated Bosch appliances. Energy efficient VRF heating/cooling system. Steps to Victoria Dr, parks, shops, schools, & transit. Est. to complete late Spring 2026. A selection of 3 & 4 Bedroom plans available by private appt. NO STRATA FEES for 2 years for a limited time! (id:56153)

Property Details

Row / Townhouse
Building Type
3
Bedrooms
3
Bathrooms
2026
Year Built
0 years
Age
40
Days on Site
1,127 sqft
Interior Size
C$976
Price per Sqft

Complex Name: 2240 E 40th Avenue

Transaction: For sale

Status: active

Listing ID: 29714769 (R3120698)

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Site Context

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Includes local area, zoning, floodplain, easement, development activity, and city-level site context signals.

Property Summary

Price: C$1,099,900

PID: 800-181-378

Days on Site: 40 days

Added to Relistico: 2026-05-07

Updated on: 2026-05-19 04:53 PM PDT

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Lot info

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Includes parcel identifiers, size details, and land and approval context.

Schools

G T Cunningham Elementary ELEMENTARY
Public · School District 39
2330 37th Ave E, Vancouver, BC
Straight-line distance about 433.9 m
Gladstone Secondary SECONDARY
Public · School District 39
4105 Gladstone St, Vancouver, BC
Straight-line distance about 1.7 km
Nearby Private Schools
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Includes school names, grades, distance, and available Fraser ranking context.

Nearby Points of Interest

Grocery / Food Access
Osoyoos Produce
About 379.5 m away
5723 Victoria Drive
K Goods Produce
About 388.2 m away
5733 Victoria Drive, Vancouver
Shopping Centres
Victoria Square
About 392 m away
The Windsor
About 909.4 m away
Parks / Green Space
Jones Park
About 511.1 m away
Nanaimo Park
About 712.6 m away

Price History

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View price changes, listing events, and the full timeline.

BC Assessment

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BC Assessment Sales History & Nearby Sales

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Last Updated: Tue, 19 May 2026 03:03:37 PM PDT

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