1020 E KING EDWARD AVENUE, Vancouver
$2,399,000
This 4,220 sqft property in Vancouver is a detached single-family home on a lot the new rules make suitable for a multiplex. In Vancouver, most single-family lots fall under the R1-1 zone, which allows a multiplex of up to six units on many lots, and more on larger or corner sites. The final count depends on lot area, frontage, and whether you keep any existing character home, so each lot should be checked against the city's rules.
A great opportunity for investors, builders, or families looking for a spacious home in a prime location!This exceptional North-facing home in Fraser East offers nearly 2,408 sq. ft. of covered living space on an 40 x 105.5 sq ft corner lot. Built in 1971, this well-maintained property features 3 bedrooms 2 full bathrooms upstairs, bright and spacious living areas, a dining area, and a functional kitchen perfect for family living.The lower level includes a 3-bedroom mortgage helper suite with a separate entrance, providing excellent rental potential for investors or extended family.Ideally located close to parks, Sir Richard McBride Elementary, Sir Charles Tupper Secondary, shopping, restaurants, and transit.
How this price compares
This lot asks $568 per square foot of lot. That is 27% above the median of $447 across the 758 active lots VanPlex is showing in Vancouver, and puts it 548 of 758 from cheapest to most expensive. Asking prices only, taken from the current MLS® feed.
Land price per square foot is only one input. Frontage, lane access, slope, and how many homes the zoning actually allows decide what a lot is worth to a builder.
Lot and property details
- Price
- $2,399,000
- Lot size
- 4,220 sqft
- Lot dimensions
- 40 x 105.50
- Frontage
- 40 ft
- Bedrooms
- 6
- Bathrooms
- 3
- Year built
- 1971
- Zoning
- R1-1
- MLS® area
- Fraser VE
- MLS® number
- R3143406
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Listing data via MLS®. Displayed for information only. Zoning R1-1 stamped from the city record on 2026-07-25.