1243 E BROADWAY, Vancouver
$1,999,000
This 4,026 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.
DEVELOPMENT OPPORTUNITY! Prime property in Vancouver's Broadway Corridor, offered together with 1237 & 1257 E Broadway as a rare 3-property land assembly totaling approximately 12,078 SF, offered together at $5,998,000. Zoned R5-3 (High-Rise Apartment & Mixed-Use Residential) and located within the Broadway Plan – Mount Pleasant North Apartment Area (Area A). Potential for redevelopment with up to 6.5 FSR, 20-storey tower form, and approximately 78,507 SF of buildable floor area, subject to City of Vancouver approvals. Site includes a Phase II Clean Environmental Report. Steps to VCC–Clark SkyTrain, Emily Carr University, Great Northern Way, and minutes to Downtown Vancouver. Property sold "As Is, Where Is." Preference will be given to offers for the complete land assembly
How this price compares
This lot asks $497 per square foot of lot. That is 11% above the median of $447 across the 758 active lots VanPlex is showing in Vancouver, and puts it 454 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
- $1,999,000
- Lot size
- 4,026 sqft
- Lot dimensions
- 33 x 122
- Frontage
- 33 ft
- Bedrooms
- 2
- Bathrooms
- 1
- Year built
- 1911
- Zoning
- RM-4
- MLS® area
- Mount Pleasant VE
- MLS® number
- R3145236
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Listing data via MLS®. Displayed for information only. Zoning RM-4 stamped from the city record on 2026-07-25.