1405 VELVET ROAD, Gibsons
$999,000
This 16,200 sqft property in Gibsons is a detached single-family home on a lot the new rules make suitable for a multiplex. Under BC's Bill 44 small-scale housing rules, most single-family lots in Metro Vancouver now allow at least three to four homes, and lots near frequent transit can allow up to six. Confirm the exact number for this lot against the city's own zoning.
Welcome to 1405 Velvet Road in beautiful Gibsons. This well-maintained home with a ground-level suite offers breathtaking panoramic ocean views on a quiet, family-friendly street. The upper level features 3 bedrooms, 2 bathrooms, and bright, inviting living spaces, complemented by new landscaping. Below, a 2-bedroom walk-out suite provides excellent income or extended family potential and is situated on a generous 16,200 sq ft lot. This property offers flexibility, abundant storage, and long-term value. Just minutes to schools, the beach, and all the amenities Gibsons has to offer.
How this price compares
This lot asks $62 per square foot of lot. That is 36% below the median of $97 across the 29 active lots VanPlex is showing in Gibsons, and puts it 8 of 29 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
- $999,000
- Lot size
- 16,200 sqft
- Lot dimensions
- 92 x 180
- Frontage
- 92 ft
- Bedrooms
- 5
- Bathrooms
- 3
- Year built
- 1972
- MLS® area
- Gibsons & Area
- MLS® number
- R3142180
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Listing data via MLS®. Displayed for information only.