1871 ALLISON ROAD, Vancouver
$3,988,000
This 13,800 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.
Best Value in the UEL South. Nestled in one of Vancouver's most coveted enclaves, this exceptional 80 x 172.5 ft (13,800 sq ft) level lot with a west facing backyard, offers a rare opportunity in the University Endowment Lands. Set on a quiet, Magnolia tree lined street, it's an ideal canvas to build your dream home or bring your design / decorating ideas. Steps to UBC, Pacific Spirit Park, & UBC Village, this is a true 10/10 location for lifestyle & long-term value. The existing 5 bedroom, 3 bathroom home with almost 3,500 sq ft of living area offers flexibility & rental potential while you plan & secure permits. Buyers to verify development guidelines with the UBC Endowment Office. Do not walk property without consent. Agent's Open Tuesday 10:30-noon,OPEN HOUSE SUNDAY, Aug 9th, 2 - 4 pm.
How this price compares
This lot asks $289 per square foot of lot. That is 35% below the median of $447 across the 758 active lots VanPlex is showing in Vancouver, and puts it 46 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
- $3,988,000
- Lot size
- 13,800 sqft
- Lot dimensions
- 80 x 172.5
- Frontage
- 80 ft
- Bedrooms
- 5
- Bathrooms
- 3
- Year built
- 1950
- MLS® area
- University VW
- MLS® number
- R3134614
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Listing data via MLS®. Displayed for information only.