flexible income opportunity on east vancouver corner lot
- 4,396 SF corner lot
- flexible RT-2 zoning
- vacant possession available
listing
description
3008 Clark Drive offers investors exceptional versatility in East Vancouver’s dynamic residential market. Situated on a prominent 4,396 sq ft corner lot with RT-2 zoning, this property consists of three vacant residential units, providing immediate potential for strong rental income or multi-generational living.
Built in 1955 and recently updated, the building features two spacious 2-bedroom-plus-flex suites (approx. 940 sq ft each) ideal for couples, young families, or remote-working professionals, plus one fully self-contained studio suite (approx. 450 sq ft). Modern enhancements include comprehensive fire sprinkler systems, individually metered suites, dual forced-air furnaces, and separate hot water tanks, all contributing to tenant appeal, reduced operational costs, and simplified management.
Additionally, the property’s unique corner lot location ensures unobstructed, panoramic “forever” views of Vancouver’s North Shore Mountains—dramatically increasing tenant desirability. With vacant possession available immediately, investors can capitalize on optimal market rents or owner-occupiers can tailor occupancy to their needs.
investment
thesis
3008 Clark Drive presents an outstanding opportunity for savvy investors seeking immediate income paired with longer-term redevelopment possibilities.
Available with vacant possession, investors can achieve strong immediate cash flows by selecting new tenants at market-leading rents. The property’s modern upgrades and flexible unit layouts—especially the desirable flex spaces ideal for home offices—significantly enhance its competitiveness in East Vancouver’s robust rental market.
Strategically positioned in an area experiencing consistent population growth and rising household incomes, the property’s long-term redevelopment potential is exceptionally strong, offering multiple exit or repositioning strategies for investors.
policy
context
Located just outside The Broadway Plan, this property’s RT-2 zoning offers significant flexibility, supporting duplex and infill housing redevelopment and increased density through potential land assemblies. Located on a prominent corner site, 3008 Clark Drive is strategically positioned for future redevelopment or as part of a larger land assembly, aligning with city-wide efforts to densify transit-accessible neighbourhoods.
Given the city’s evolving land-use policies prioritizing density near transportation corridors, early investors can capitalize on future planning opportunities by acquiring well-located, versatile sites like this one today.
buyer
appeal
Perfectly suited to investors, multi-generational families, or owner-occupiers, 3008 Clark Drive offers immediate vacant possession for maximum leasing flexibility or personal use. Investors benefit from stable cash flows, low operational costs, and flexible redevelopment potential. With growing demand for rental homes offering work-from-home flexibility and storage, this property directly appeals to East Vancouver’s core tenant demographic.
Vacant Possession Available
Corner Assembly Potential
RT-2 Redevelopment Options
Demographics
within a 1km Radius
Median Age: 36.6 (young professionals, small families)
56.3% Renters (strong, consistent rental demand)
Median Income: $95,710 (affluent renter pool)
Avg. Household Size: 2.4 (ideal for small families)
16% Remote Workers (demand for home offices)
45.6% University Graduates (sophisticated, stable tenants)
gallery
of images
$1.9M competitive list price
4,396 SF strategic corner lot
56.3% renters, high demand
specifications
Address: 3008 Clark Dr, Vancouver, BC
Price: $1,999,900 CAD
Lot Size: 4,396.17 sq ft (corner lot)
Zoning: RT-2
Total Units: 3 (1 studio suite, 2 two-bedroom-plus-flex units)
Gross Floor Area: Approx. 2,780 sq ft
Residential Area: Approx. 2,330 sq ft
Year Built: 1955 (upgraded)
Parking: Street parking (permit-free)
Property Taxes (2024): $1,677.00
BC Assessed Value (2024): $1,833,700
PID: 009-857-753
Legal Description: LOT C, BLOCK 171, PLAN VAP8977, DISTRICT LOT 264A, NEW WESTMINSTER LAND DISTRICT, OF LOT C