3416 MONMOUTH AVENUE, Vancouver
$1,688,000
This 4,570.5 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.
Investment Opportunity with Development Potential! Situated on a extra long 33 x 138.5 lot in a desirable and family-friendly neighbourhood, this well-maintained home offers excellent investment potential with a strong rental history, previously rented for $6,000 per month. The functional layout features 2 bedrooms and 1 bathroom on the main floor, plus a fully finished basement with 3 bedrooms, 1 bathroom, and a separate entrance, ideal for mortgage helper income. Close to parks, schools, shopping, restaurants, and transit. Sir Wilfred Grenfell Elementary School in walking distance. Hold, live in, or redevelop, this property offers outstanding value and endless potential!
How this price compares
This lot asks $369 per square foot of lot. That is 17% below the median of $447 across the 758 active lots VanPlex is showing in Vancouver, and puts it 182 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
- $1,688,000
- Lot size
- 4,570.5 sqft
- Lot dimensions
- 33 x 138.5
- Frontage
- 33 ft
- Bedrooms
- 5
- Bathrooms
- 2
- Year built
- 1957
- Zoning
- R1-1
- MLS® area
- Collingwood VE
- MLS® number
- R3137356
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Listing data via MLS®. Displayed for information only. Zoning R1-1 stamped from the city record on 2026-07-25.