2514 E 49TH AVENUE, Vancouver
$1,599,000
This 5,035 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.
Prime Killarney Locatin! Situated in the heart of the highly sought-after Killarney neighborhood, this well-maintained home offers 3 spacious bedrooms and 1.5 bathrooms on the upper leve, plus a 2-bedroom suite on the ground floor with a separate entrance -- perfect for extended family or rental income. Recent updates include a new hot water tank (2022), new washer and dryer (2023), and a roof replaced in 2012. Just steps away from Killarney Secondary School, community centre, shopping plaza, and public transit. Ideal for personal use with great potential for future development or investment.
How this price compares
This lot asks $318 per square foot of lot. That is 29% below the median of $447 across the 758 active lots VanPlex is showing in Vancouver, and puts it 77 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
- $1,599,000
- Lot size
- 5,035 sqft
- Lot dimensions
- 48 x 104.91
- Frontage
- 48 ft
- Bedrooms
- 5
- Bathrooms
- 3
- Year built
- 1969
- Zoning
- R1-1
- MLS® area
- Killarney VE
- MLS® number
- R3138911
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Listing data via MLS®. Displayed for information only. Zoning R1-1 stamped from the city record on 2026-07-25.