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Renanza Realty
Vancouver · Neighbourhood

Commercial Drive Real Estate

Explore homes and condos for sale in Commercial Drive, one of Vancouver's neighbourhoods. Live MLS® listings, updated continuously, plus a direct line to a Renanza agent who knows the area.

Market snapshot

The Commercial Drive market right now

Commercial Drive currently has 129 active listings. Most homes for sale are priced between $524K and $2.00M, with a median around $1.30M.

129
Active listings
129
For sale
$1.30M
Median list price
$524K–$2.00M
Typical range
$918
Median price / sq ft
33
Median days listed
14
New in last 7 days
2013
Median year built

Commercial Drive prices by bedrooms

BedroomsActive listingsMedian asking price
125$529K
217$750K
346$1.42M
4+36$1.79M

Figures reflect current active MLS® listings and update as the market moves.

Neighbourhood guide

Living in Commercial Drive

Commercial Drive, known as 'the Drive,' is the lively main street of the Grandview-Woodland area in East Vancouver, long associated with Italian coffee culture and an independent, diverse character. Cafés, produce markets, restaurants and small shops line a walkable streetcar-era strip.

Location & boundaries

The street runs from near the waterfront at Powell Street south through Grandview-Woodland toward the Victoria Diversion near Trout Lake. It lies east of Chinatown and Strathcona, with Hastings-Sunrise to the north and east.

History

Originally called Park Drive, it was renamed Commercial Drive in 1911 and grew as a streetcar shopping street. After the Second World War it became the heart of the city's Italian community, and in 2016 the City formally designated eight blocks as Historic Little Italy; later Portuguese, Latin American and Asian communities added to the mix.

Shopping & dining

The Drive is known for Italian cafés and delis, produce stores, independent restaurants, bars and small shops, with a strong coffee and small-business culture.

Parks & recreation

John Hendry Park (Trout Lake) anchors the south end with its lake, beach, walking trails and the Trout Lake Community Centre.

Getting around

Commercial–Broadway station, at the south end near Broadway, is one of the SkyTrain network's busiest and the only interchange between the Expo and Millennium Lines; frequent buses including the 99 B-Line also serve it.

Who it may suit

It may appeal to those wanting a walkable, transit-rich, independent-minded urban neighbourhood with strong street life.

Sources: en.wikipedia.org, heritagevancouver.org, en.wikipedia.org, vancouver.ca

Neighbourhood snapshot — Vancouver

Statistics Canada, 2021 Census of Population for Vancouver, City (CY), British Columbia. These figures describe the city as a whole, not this specific address — useful context, not a substitute for local knowledge. View source

Population

662,248

Total population

+4.9%

Growth since 2016

39.6

Median age

Income

$82,000

Median household income

Household

2.1

Avg. household size

39.2%

Live alone

53.1%

Families w/ kids

Housing

45.5%

Owned

54.5%

Rented

$1,450,000

Median dwelling value

Apartment80.1%
Single-detached house14.7%
Row house / townhouse3.5%
Other1.8%

Education

Highest credential, ages 25–64

Bachelor's degree or higher52.8%
Trades or college diploma23.1%
High school diploma18.7%
No certificate, diploma or degree5.4%

Commute

How residents get to work

Car, truck or van56.2%
Public transit22.9%
Walked13.1%
Bicycle5.3%
Other2.6%

Languages

Mother tongue, top responses

English50.7%
Cantonese11.8%
Mandarin6.4%
Tagalog2.9%
French1.5%

Buying a home in Commercial Drive

BC's 2023 small-scale multi-unit housing legislation now allows three to four units on most single-family lots in larger municipalities, which is reshaping what detached lots are worth. Check the lot's current zoning with the municipality, and get a home inspection and a title search before removing subjects.

Budget for BC's property transfer tax on top of the price — it's charged on the purchase and first-time buyers and new builds may qualify for exemptions. See our BC & Alberta closing costs checklist.

Common questions

Frequently asked

If yours isn't here, ask us directly — we'd rather answer it now.

How much does a home cost in Commercial Drive?

The median asking price for homes currently for sale in Commercial Drive is about $1,300,000, and most are listed between $524,000 and $2,000,000. These figures come from active MLS® listings and move with the market.

How many homes are for sale in Commercial Drive right now?

There are 129 active listings on this page's search, 14 of them new in the last 7 days. Listings are updated continuously from the MLS®.

How much is a 3-bedroom home in Commercial Drive?

Median asking prices by bedroom count in Commercial Drive right now — 1 bedroom: about $529,000; 2 bedrooms: about $750,000; 3 bedrooms: about $1,424,000; 4+ bedrooms: about $1,789,000. Based on 124 active listings.

What is the price per square foot for homes in Commercial Drive?

The median asking price per square foot of living area is about $918 across homes currently listed in Commercial Drive. Location, age and building type move this a lot, so compare within a neighbourhood.

How long have homes in Commercial Drive been on the market?

The typical active listing here first came on the market about 33 days ago. That's days listed so far, not time to sell, but a long figure usually signals more room to negotiate.

Can non-Canadians buy a home in Commercial Drive?

Generally not right now. Since January 1, 2023, the federal Prohibition on the Purchase of Residential Property by Non-Canadians Act has barred most non-Canadians from buying residential property, with exceptions such as permanent residents and some work-permit holders. The ban has been extended before, so confirm its current status and get legal advice on your situation.

Thinking about Commercial Drive?

Tell us what you're after in Commercial Drive and we'll send matching listings the moment they hit the market.