3126 WAVERLEY AVENUE, Vancouver
$2,280,000
This 7,650 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 to own a substantial 51' x 150' corner property (7,650 sq.ft.) in the heart of Killarney, one of East Vancouver's most sought-after family neighbourhoods. This solid and well-maintained home has been lovingly cared for over the years and offers 1700sq.ft. of living space, featuring 3 bedrooms on the main floor, spacious living and dining areas, a bright kitchen, and a basement with a large recreation room, bathroom and a large utility area which can easily be made into a kitchen. Move in, renovate, hold as an investment, or explore future redevelopment potential. The premium corner location, with both side and rear lane access, provides excellent flexibility and enhances the property's long-term value. Ideally situated just steps to Killarney Community Centre and bus.
How this price compares
This lot asks $298 per square foot of lot. That is 33% below the median of $447 across the 758 active lots VanPlex is showing in Vancouver, and puts it 56 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
- $2,280,000
- Lot size
- 7,650 sqft
- Lot dimensions
- 51 x 150
- Frontage
- 51 ft
- Bedrooms
- 3
- Bathrooms
- 2
- Year built
- 1955
- Zoning
- R1-1
- MLS® area
- Killarney VE
- MLS® number
- R3146911
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Listing data via MLS®. Displayed for information only. Zoning R1-1 stamped from the city record on 2026-07-25.