242 W 21ST AVENUE, Vancouver
$3,050,000
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.
Located in one of Vancouver’s most desirable Cambie neighborhood pockets, this beautifully maintained character home combines timeless charm with modern comfort. Rich hardwood flooring, elegant heritage details, and bright living spaces create a warm and inviting atmosphere throughout. The spacious main floor offers excellent family living, while the kitchen features vaulted ceilings, skylights, and direct access to a sunny south-facing entertainment deck and private fenced backyard. Upstairs includes 3 generous bedrooms and a spa-inspired bathroom. The completely renovated 2-bedroom suite below with modern kitchen and finishes offers excellent flexibility for rental income or extended family. Steps to Cambie Village, Main Street, parks, shopping, restaurants, and the Canada Line.
How this price compares
This lot asks $758 per square foot of lot. That is 69% above the median of $447 across the 758 active lots VanPlex is showing in Vancouver, and puts it 686 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
- $3,050,000
- Lot size
- 4,026 sqft
- Lot dimensions
- 33 x 122
- Frontage
- 33 ft
- Bedrooms
- 5
- Bathrooms
- 3
- Year built
- 1939
- Zoning
- R1-1
- MLS® area
- Cambie
- MLS® number
- R3123930
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Listing data via MLS®. Displayed for information only. Zoning R1-1 stamped from the city record on 2026-07-25.