Charming East Van Triplex on Corner Lot
3008 Clark Drive, Vancouver
Listed for $1,999,900
3 Units
4,396 sq ft Lot
Built in 1955
RT-2 Zoning
Description
This versatile triplex on a corner lot offers excellent potential for both income and appreciation in the fast-growing East Vancouver market. Rare features include forever views of the North Shore Mountains over Knight Street and large flex spaces perfect for in-suite storage, a home office, or a baby room, meeting the needs of modern renters.
Built in 1955 on a 4,396 sq ft lot, the property comprises two spacious 2-Bedroom Plus Flex suites (approx. 940 sq ft each) and a self-contained studio suite (approx. 450 sq ft) with its own entrance. This configuration is ideally suited to the area’s demographics, which include a significant number of renters, remote workers, and small families, ensuring consistent tenant demand. Zoned RT-2, the property provides strong rental income potential and redevelopment opportunities. Thoughtfully designed for tenants, it includes full sprinkler systems for enhanced safety, separately metered suites, two forced-air furnaces, and two hot water tanks. Additional highlights include shared laundry, extensive dry storage, and permit-free street parking.
Available with vacant possession or as a long-term sale-leaseback, this is a rare and compelling investment opportunity that perfectly aligns with the lifestyle and needs of East Vancouver’s thriving community.
Suite Mix
Specifications
List Price $1,999,900
Total Units 3
Year Built 1955
Lot size 4,396.17 sq ft
Zoning RT-2
Rentable area of approx. 2,330 sq ft
2-Bedroom Plus Flex suites are approx. 940 sq ft
Studio suite is approx. 450 sq ft
Gross floor area of approx. 2,780 sq ft
Street parking, no permits required
Legal Description LOT C, BLOCK 171, PLAN VAP8977, DISTRICT LOT 264A, NEW WESTMINSTER LAND DISTRICT, OF LOT C (PID: 009-857-753)
BC Assessed Value $1,833,700 (2024)
Features
Corner lot with a unique position for future land assembly.
Available either with long-term leaseback or vacant possession for buyer flexibility and maximum rental yield.
Fully sprinklered throughout, enhancing tenant safety and reducing insurance costs.
Security system with cameras enables remote property management from anywhere in the world.
Two forced-air furnace units and two hot water tanks, with separately metered duplex suites.
Shared laundry facilities with one washer and one dryer, plus expansive interior storage space for tenants.
Self-contained studio suite featuring its own 4-piece bathroom and electric baseboard heating.
Stunning, unobstructed “forever” views of the North Shore Mountains over Knight Street, thanks to the property’s unique corner lot position. A must-see.
Spacious flex area in the larger suites, ideal for a baby room or home office, meeting the needs of modern tenants and a key demographic.
Location
Demographics within a 1km Radius
Median age is 36.6. A vibrant, working-age community seeking modern, flexible living spaces ideal for professionals and families.
56.3% of households are renters. Strong rental demand ensures consistent income opportunities for investors.
Average Household Income is $125,858. Median Household Income is $95,710. High earning potential supports competitive rents and stable, reliable tenancies.
Average Household Size is 2.4 people. Perfect for couples or small families, the 2-Bedroom Plus Flex suites meet diverse housing needs.
16% of Employees Work from Home. Flex spaces with natural light cater to remote workers, a growing demographic.
45.6% of Local Residents have University Degrees. Sophisticated tenants value location and work-from-home features, enhancing property appeal and tenant retention.
Request Showing, Photos and/or Demographic Reports
Seth Baker, CCIM
Managing Broker & Owner
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