3240 W 1ST AVENUE, Vancouver
$5,999,999
This 4,026 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.
A rare & exclusive Westside offering, this beautifully renovated triplex captures sweeping views of the North Shore mountains, Burrard Inlet, and downtown. Perfectly set along iconic cherry blossoms and prestigious Point Grey Road, it blends refined luxury with exceptional versatility. The upper two levels feature an executive one-bedroom owner’s retreat with a chef-inspired kitchen, built-in steam oven, gas fireplace, folding doors for seamless indoor-outdoor living, steam shower, two bathrooms, and a hot tub. The main floor offers a sophisticated one-bedroom suite with wainscoting, electric fireplace, and 1.5 baths, while the garden level includes a one-bedroom view suite with an impressive artist’s studio with gas fireplace.
How this price compares
This lot asks $1,490 per square foot of lot. That is 233% above the median of $447 across the 754 active lots VanPlex is showing in Vancouver, and puts it 747 of 754 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
- $5,999,999
- Lot size
- 4,026 sqft
- Lot dimensions
- 33 x 122
- Frontage
- 33 ft
- Bedrooms
- 3
- Bathrooms
- 5
- Year built
- 1910
- Zoning
- RT-8
- MLS® area
- Kitsilano
- MLS® number
- R3142641
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Listing data via MLS®. Displayed for information only. Zoning RT-8 stamped from the city record on 2026-07-25.