2720 W 24TH AVENUE, Vancouver
$2,388,000
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.
Rare opportunity in the highly desirable Arbutus neighbourhood. Situated on a quiet, tree-lined street just steps from Trafalgar Park and School, this 33’ x 122’ lot offers exceptional potential for developers, investors, or end users alike. Ideal for a custom family home, duplex, or multiplex redevelopment & strong holding potential. The existing 1915 residence features 3 bedrooms upstairs, a functional main floor with a gas fireplac. A well-maintained property offering rental income potential while future plans are explored. Conveniently located near Prince of Wales Secondary, Crofton House, St. George’s, UBC, transit, and the shopping and dining of Kerrisdale and Kitsilano. A rare family-oriented property in one of Vancouver’s most sought-after neighbourhoods.
How this price compares
This lot asks $593 per square foot of lot. That is 33% above the median of $447 across the 758 active lots VanPlex is showing in Vancouver, and puts it 577 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
- $2,388,000
- Lot size
- 4,026 sqft
- Lot dimensions
- 33 x 122
- Frontage
- 33 ft
- Bedrooms
- 3
- Bathrooms
- 2
- Year built
- 1915
- Zoning
- R1-1
- MLS® area
- Arbutus
- MLS® number
- R3121526
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Listing data via MLS®. Displayed for information only. Zoning R1-1 stamped from the city record on 2026-07-25.