1516 BALFOUR AVENUE, Vancouver
$3,680,000
This 12,432 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.
First Shaughnessy Hidden Gem. An elegant 4088 sf RENOVATED English Tudor on a massive 103.6x120=12432sf level property. This resident was totally renovated in 2015 with mechanicals, new kitchen, baths, draintiles, garage and a finished basement. Large principle rooms on the main, 4 bdrms and 2 baths upstairs and one more bedroom and a rec room in the basement. Central First Shaughnessy location, close to top schools: York House, LFA, Shaughnessy Elem. Short drive to St. George's, Crofton & UBC, DT & YVR. Oil tank was removed in 2015. Lovingly cared for and meticulously maintained, this family home is move-in ready. Showings by appointment only.
How this price compares
This lot asks $296 per square foot of lot. That is 34% below the median of $447 across the 754 active lots VanPlex is showing in Vancouver, and puts it 51 of 754 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
- $3,680,000
- Lot size
- 12,432 sqft
- Lot dimensions
- 103.6 x 120
- Frontage
- 103.6 ft
- Bedrooms
- 5
- Bathrooms
- 4
- Year built
- 1921
- Zoning
- FSD
- MLS® area
- Shaughnessy
- MLS® number
- R3152322
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Listing data via MLS®. Displayed for information only. Zoning FSD stamped from the city record on 2026-08-04.