2412 E 40TH AVENUE, Vancouver
$2,088,800
This 7,000 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.
A well-kept family home offering over 2, 600 sq. ft. of living space on a 50' x 140' flat lot. Thoughtfully maintained over the years, this home offers the flexibility to move in right away or renovate over time. The functional layout features generous room sizes and plenty of space for a growing family. The main level offers 3 bedrooms, bright & spacious kitchen plus an inviting formal living and dining area, ideal for everyday living & entertaining. The entry level includes spacious laundry area, bedroom, flex space, 3 pce bathroom and large family room with gas fireplace and lovely french doors leading into your SOUTH facing backyard. A fantastic opportunity in a well-established neighbourhood. Open House Sat Oct.10th, 2pm-3pm.
How this price compares
This lot asks $298 per square foot of lot. That is 33% below the median of $444 across the 753 active lots VanPlex is showing in Vancouver, and puts it 57 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
- $2,088,800
- Lot size
- 7,000 sqft
- Lot dimensions
- 50 x 140
- Frontage
- 50 ft
- Bedrooms
- 4
- Bathrooms
- 3
- Year built
- 1973
- Zoning
- RT-11
- MLS® area
- Collingwood VE
- MLS® number
- R3173715
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Listing data via MLS®. Displayed for information only. Zoning RT-11 stamped from the city record on 2026-10-08.