3163 RUPERT STREET, Vancouver
$1,599,000
This 3,960 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.
Transit-Oriented Investment – High-Rise Zoning & Turnkey Income. Unbeatable urban convenience. Great holding property in the Rupert-Renfrew Rapid Transit Area B (22-40 storeys). This property meets all the criteria for a future land assembly. This spacious detached home is a cash-flow machine; currently configured with two separate kitchens and two full bathrooms, well suited for its current 5-tenant occupancy. Large, flat lot with a private backyard—ideal for tenant enjoyment or build a laneway for greater cash-flow. Well-maintained with a configuration that maximizes rental yield while you wait for development. Tenants love the 5-minute walk to the SkyTrain, local grocery stores, and cafes. High-demand rental area with zero vacancy history. Call to book your private viewing.
How this price compares
This lot asks $404 per square foot of lot. That is 10% below the median of $447 across the 758 active lots VanPlex is showing in Vancouver, and puts it 279 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
- 3,960 sqft
- Lot dimensions
- 33 x 120
- Frontage
- 33 ft
- Bedrooms
- 4
- Bathrooms
- 2
- Year built
- 1947
- Zoning
- R1-1
- MLS® area
- Renfrew Heights
- MLS® number
- R3109209
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Listing data via MLS®. Displayed for information only. Zoning R1-1 stamped from the city record on 2026-07-25.