1951 NAPIER STREET, Vancouver
$2,373,000
This 4,026 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.
Maximize your portfolio with this architectural character-rich income property generating over $80k in annual revenue with upside rent potential. Perfectly situated in the heart of Grandview-Woodland, one of Vancouver’s most historic communities, this 1912 home features 5 separate rental suites. Spanning four levels, with views of the North Shore Mountains, this home offers incredible versatility as a high-performing holding investment or a premier owner-occupier setup. The home has potential to qualify for City of Vancouver character home designation with possibility to add more density for additional future value. Located on a quiet, tree-lined stretch of Napier Street, the home is just two blocks from Commercial Drive and Little Italy. Great central location, 10 min from Downtown.
How this price compares
This lot asks $589 per square foot of lot. That is 33% above the median of $444 across the 753 active lots VanPlex is showing in Vancouver, and puts it 571 of 753 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
- $2,373,000
- Lot size
- 4,026 sqft
- Lot dimensions
- 33 x 122
- Frontage
- 33 ft
- Bedrooms
- 5
- Bathrooms
- 5
- Year built
- 1912
- Zoning
- RT-5
- MLS® area
- Grandview Woodland
- MLS® number
- R3172588
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Listing data via MLS®. Displayed for information only. Zoning RT-5 stamped from the city record on 2026-10-07.