1603 W 49TH AVENUE, Vancouver
$3,888,000
This 13,367.06 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.
Prime opportunity on a 13,367 sq ft south-facing corner lot-perfect for a custom dream home or long-term investment. The wide frontage and corner positioning offer excellent design flexibility and strong future value. The existing home is spacious and livable, featuring multiple bedrooms and solid rental potential. Ideally located in sought-after South Granville, within the Maple Grove Elementary and Magee Secondary catchment, close to shopping and transit. Build, invest, or hold in one of Vancouver's best areas.
How this price compares
This lot asks $291 per square foot of lot. That is 35% below the median of $447 across the 754 active lots VanPlex is showing in Vancouver, and puts it 47 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
- 13,367.06 sqft
- Lot dimensions
- 91.75 x 145.69
- Frontage
- 91.75 ft
- Bedrooms
- 8
- Bathrooms
- 5
- Year built
- 1929
- Zoning
- R1-1
- MLS® area
- South Granville
- MLS® number
- R3110892
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Listing data via MLS®. Displayed for information only. Zoning R1-1 stamped from the city record on 2026-07-25.