2894 MCGILL STREET, Vancouver
$1,475,000
This 4,024.64 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 Hastings-Sunrise opportunity! This well-maintained 5-bedroom, 2-bath character home offers 2,354 sq ft of comfortable living on a 4,049.85 sq ft lot. Move-in ready, featuring beautifully restored hardwood floors, spacious living areas, and functional layout ideal for families. Enjoy a private fenced backyard, full two-car garage with workshop, plus additional secure parking. Located steps to parks, transit, schools, and vibrant Hastings amenities, with stunning North Shore mountain views. Zone R1-1, presenting exceptional potential for future multiplex redevelopment (2-4 units). A rare chance to secure a versatile property with strong long-term upside in a sought-after East Vancouver neighbourhood.
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 177 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
- $1,475,000
- Lot size
- 4,024.64 sqft
- Lot dimensions
- 32.97 x
- Frontage
- 32.97 ft
- Bedrooms
- 5
- Bathrooms
- 2
- Year built
- 1962
- Zoning
- R1-1
- MLS® area
- Hastings Sunrise
- MLS® number
- R3142467
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Listing data via MLS®. Displayed for information only. Zoning R1-1 stamped from the city record on 2026-07-25.