2316 E 1ST AVENUE, Vancouver
$2,380,000
This 3,650.51 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.
Rare opportunity for investors and developers! Land assembly of 4 contiguous lots stretching to the corner of E 1st Ave and Garden Dr. Zoned RM-12N, allowing for 3.5 to 4-storey apartment or townhouse development. Located in a vibrant East Vancouver neighbourhood near Nanaimo St, with transit, schools, and shopping close by. Solid 2-storey home with back lane access. Excellent potential in a fast-growing area - bring your development ideas! Buyer to verify all details with City of Vancouver.
How this price compares
This lot asks $652 per square foot of lot. That is 46% above the median of $447 across the 758 active lots VanPlex is showing in Vancouver, and puts it 629 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
- $2,380,000
- Lot size
- 3,650.51 sqft
- Lot dimensions
- 32.74 x 111.5
- Frontage
- 32.74 ft
- Bedrooms
- 4
- Bathrooms
- 3
- Year built
- 1976
- Zoning
- RM-12
- MLS® area
- Grandview Woodland
- MLS® number
- R3021767
Want the PlexScore and return on equity for this lot? Get PlexPro.
Listing data via MLS®. Displayed for information only. Zoning RM-12 stamped from the city record on 2026-07-25.