125 E 48TH AVENUE, Vancouver
$1,750,000
This 3,854 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.
Charming, well-maintained bungalow sits on a 32' x 122' lot in one of vancouver's most convenient locations! This bright and inviting 2 bedroom, 1 bath home offers approximately 1156 sqft of comfortable single-level living. Thoughtfully maintained, the home features storm windows for added comfort and energy efficiency, along with a functional layout. Private, low-maintenance garden & double garage. Perfectly positioned west of Main St, easy access to Oakridge, Canada Line, Langara, parks, shopping, dining & everyday amenities. Zoned R1-1 this property also offers excellent future development potential, including the possibility of a multiplex (buyers to verify development opportunities with the city). A wonderful opportunity to own, invest, or build in a highly desirable neighbourhood.
How this price compares
This lot asks $454 per square foot of lot. That is 2% above the median of $447 across the 758 active lots VanPlex is showing in Vancouver, and puts it 390 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
- $1,750,000
- Lot size
- 3,854 sqft
- Lot dimensions
- 32 x 122/112
- Frontage
- 32 ft
- Bedrooms
- 2
- Bathrooms
- 1
- Year built
- 1953
- Zoning
- R1-1
- MLS® area
- Main
- MLS® number
- R3144032
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Listing data via MLS®. Displayed for information only. Zoning R1-1 stamped from the city record on 2026-07-25.