2243 W 5TH AVENUE, Vancouver
$1,999,000
This 2,800 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.
Charming Kitsilano character home on a sunny 25x112 RM 4 lot w/ lane, 1 garage +1 extra parking space. Bright main flr features high ceilings, original heritage trim, cozy gas fireplace, & beautiful fir flrs. The updated kitchen is designed for efficiency w/ generous cabinetry, s/s appliances, granite counters, cork flooring & laundry. Upstairs, are 2 BRs & a full bathroom. The spacious landing is an ideal spot for a home office. The front BR opens thru sliding doors to priv balcony. Unfinished bsmt provides a flexible space for storage or future projects, w/ a ceiling height of 6'. Mechanical updates include a high efficiency furnace, a new gas H/W tank, & a 70 amp breaker panel. Steps to West 4th & Broadway shops, restaurants, transit to UBC, YVR & downtown, & a short walk to Kits Beach
How this price compares
This lot asks $714 per square foot of lot. That is 60% above the median of $447 across the 758 active lots VanPlex is showing in Vancouver, and puts it 666 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
- $1,999,000
- Lot size
- 2,800 sqft
- Lot dimensions
- 25 x 112
- Frontage
- 25 ft
- Bedrooms
- 2
- Bathrooms
- 1
- Year built
- 1913
- Zoning
- RM-4
- MLS® area
- Kitsilano
- MLS® number
- R3062851
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Listing data via MLS®. Displayed for information only. Zoning RM-4 stamped from the city record on 2026-07-25.