2506 E 45TH AVENUE, Vancouver
$1,698,000
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.
Fabulous investment opportunity! This well-maintained, fully renovated home has potential to hold, live in, or redevelop. Recent updates include a new roof (2021), and beautiful hardwood flooring lies beneath the carpets in the living room and hallway. The lower level adds exceptional value with two 2-bedroom suites and one bachelor suite, providing excellent rental income potential. The property also features a fully fenced yard, perfect for families or pets and is situated on a quiet residential street close to schools, parks, Killarney Community Centre, and public transit. House is rented for $8,700.00 all MTM.
How this price compares
This lot asks $422 per square foot of lot. That is 6% below the median of $447 across the 758 active lots VanPlex is showing in Vancouver, and puts it 327 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
- $1,698,000
- Lot size
- 4,026 sqft
- Lot dimensions
- 33 x 122
- Frontage
- 33 ft
- Bedrooms
- 7
- Bathrooms
- 5
- Year built
- 1910
- Zoning
- R1-1
- MLS® area
- Killarney VE
- MLS® number
- R3105304
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Listing data via MLS®. Displayed for information only. Zoning R1-1 stamped from the city record on 2026-07-25.