3174 W 5TH AVENUE, Vancouver
$2,088,000
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.
Live in one of the best areas of Vancouver! Whether you’re looking for a renovation project, to start fresh with a new home or duplex development, or a fantastic rented holding property, this 33' X 120' SOUTH FACING lot offers exceptional opportunity. Nestled on a beautiful tree-lined street amongst many newly built homes, this West Side property is set in a quiet yet ultra-convenient location with shops and services within minutes, and excellent schools nearby! The active family will love the close proximity to McBride Park and the beach only a few blocks away - and transit one block east offers easy access to downtown, UBC and YVR. Private and fenced south-facing backyard. Development-friendly zoning and strong redevelopment opportunity. Land value only.
How this price compares
This lot asks $527 per square foot of lot. That is 19% above the median of $444 across the 753 active lots VanPlex is showing in Vancouver, and puts it 510 of 753 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
- $2,088,000
- Lot size
- 3,960 sqft
- Lot dimensions
- 33 x 120
- Frontage
- 33 ft
- Bedrooms
- 6
- Bathrooms
- 2
- Year built
- 1924
- Zoning
- RT-7
- MLS® area
- Kitsilano
- MLS® number
- R3170034
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Listing data via MLS®. Displayed for information only. Zoning RT-7 stamped from the city record on 2026-09-28.