1537 W 40TH AVENUE, Vancouver
$3,888,000
This 11,200 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.
Classic Shaughnessy character home on a generous 80’x140’ lot with beautifully manicured gardens. This 5-bedroom, 2.5-bath residence offers 4,103 sqft of traditional charm and space to reimagine. Gracious cross-hall living and dining rooms, family room and office on the main, with original hardwood floors, wainscotting, and elegant banister still intact. Upstairs are four generous bedrooms, and downstairs is a finished basement with rec rooms, laundry and ample storage. Double car garage. Centrally located with easy access to Downtown, Richmond, and YVR, plus just minutes to Kerrisdale, Oakridge, and Vancouver’s top schools. Potential future multi-family redevelopment with neighbouring properties. Easy to show by appointment
How this price compares
This lot asks $347 per square foot of lot. That is 22% below the median of $447 across the 754 active lots VanPlex is showing in Vancouver, and puts it 119 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
- $3,888,000
- Lot size
- 11,200 sqft
- Lot dimensions
- 80 x 140
- Frontage
- 80 ft
- Bedrooms
- 5
- Bathrooms
- 3
- Year built
- 1928
- Zoning
- R1-1
- MLS® area
- Shaughnessy
- MLS® number
- R3137940
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Listing data via MLS®. Displayed for information only. Zoning R1-1 stamped from the city record on 2026-07-25.