2435 E 38TH AVENUE, Vancouver
$3,800,000
This 10,378 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.
LIVE, HOLD OR BUILD. Excellent, quiet, central residential 72 x 143 lot (10, 378 sf) suitable for multi-unit development. Subdividable into TWO 36'x143'lots. Level lot on beautiful tree-lined street with both front and back lane access in Collingwood/Victoria area. First time to market in 50 years. Great holding investment and perfect for an extended family - large home is in solid condition. Main house has 4 bedrooms, 2 baths and full basement. Legal rental suite - 1559 sq ft townhome with separate entry with 3 bedrooms & den and 2 baths. Clear view to mountain from the kitchen and back deck.
How this price compares
This lot asks $366 per square foot of lot. That is 18% below the median of $447 across the 758 active lots VanPlex is showing in Vancouver, and puts it 176 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
- $3,800,000
- Lot size
- 10,378 sqft
- Lot dimensions
- 72.46 x 143.22
- Frontage
- 72.46 ft
- Bedrooms
- 6
- Bathrooms
- 4
- Year built
- 1951
- Zoning
- RT-11
- MLS® area
- Collingwood VE
- MLS® number
- R3081243
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Listing data via MLS®. Displayed for information only. Zoning RT-11 stamped from the city record on 2026-07-25.