2903 W 42ND AVENUE, Vancouver
$2,399,000
This 4,455 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 Kerrisdale 33 X 135 corner lot offering exceptional lifestyle, investment, and future development potential! This charming character home features 2 bdrms and a full bathroom on each level, beautiful hardwood floors, a cozy wood-burning fireplace, and timeless character throughout. The flexible floor plan offers outstanding revenue potential with the upper level renting for approx $3600/month and the lower suite for approx $2600/month, or live upstairs with a mortgage helper. The detached garage has been converted into a bright art studio, home office or gym. Ideally located just steps to Kerrisdale shops, cafes, top-rated schools, & transit. A rare opportunity for families, investors, or builders. Some photos virtually staged for your inspiration! OPEN HOUSE SUN. AUG. 16, 2-4 PM.
How this price compares
This lot asks $538 per square foot of lot. That is 20% above the median of $447 across the 758 active lots VanPlex is showing in Vancouver, and puts it 518 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
- $2,399,000
- Lot size
- 4,455 sqft
- Lot dimensions
- 33 x 135
- Frontage
- 33 ft
- Bedrooms
- 6
- Bathrooms
- 3
- Year built
- 1938
- Zoning
- R1-1
- MLS® area
- Kerrisdale
- MLS® number
- R3154288
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Listing data via MLS®. Displayed for information only. Zoning R1-1 stamped from the city record on 2026-08-10.