3281 E 2ND AVENUE, Vancouver
$1,499,000
This 5,000 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.
Convenient location just minutes to Freeway, PNE/Hastings Park, schools, shops & 1 blk to transit for easy access to Skytrain, Downtown Vancouver, the Amazing Brentwood plus Sunrise & Rupert Parks. R1-1 zoning for potential multiplex or possible future Assembly site with adjoining properties. Buyer should check with City to explore these amazing opportunities. 40 X 125 lot with gentle north slope, LANE ACCESS and view lines to Capitol Hill, Grouse, Cypress Bowl & Brentwood night lights. Original family home being offered for sale for the first time. Solid but needs updating – Roof is 4 yrs old - great rental or renovate for self. 2 bedrooms & full bath up plus large bdrm & 2 piece bath (room for shower) in basement. Oil tank removed - Lots of newer homes on quiet, cherry tree lined street.
How this price compares
This lot asks $300 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 58 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
- $1,499,000
- Lot size
- 5,000 sqft
- Lot dimensions
- 40 x 125
- Frontage
- 40 ft
- Bedrooms
- 3
- Bathrooms
- 2
- Year built
- 1951
- Zoning
- R1-1
- MLS® area
- Renfrew VE
- MLS® number
- R3102224
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Listing data via MLS®. Displayed for information only. Zoning R1-1 stamped from the city record on 2026-07-25.