134 W 40TH AVENUE, 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.
Nestled on a quiet, tree-lined street, this charming 1940s bungalow presents a rare opportunity to own in one of Vancouver's most sought-after neighbourhoods. Lovingly maintained, the home offers timeless character, warmth, and comfort – perfect for families looking to enjoy today while planning for tomorrow. Just three blocks from Queen Elizabeth Park & two blocks from the transformative Oakridge Park development, you'll be steps from Vancouver's newest world-class shopping, dining, cultural, and community destination, with the Canada Line, major transit, Downtown, Richmond, and YVR all within reach. Whether you're seeking a place to call home, a strategic investment, or a future redevelopment, this exceptional property offers enduring value in a neighbourhood shaping Vancouver's future.
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 122.00
- Frontage
- 33 ft
- Bedrooms
- 4
- Bathrooms
- 2
- Year built
- 1940
- Zoning
- R1-1
- MLS® area
- Cambie
- MLS® number
- R3149453
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Listing data via MLS®. Displayed for information only. Zoning R1-1 stamped from the city record on 2026-07-25.