3553 INVERNESS STREET, Vancouver
$1,688,000
This 4,230 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.
PRIME EAST VANCOUVER MULTI-FAMILY DEVELOPMENT OPPORTUNITY! A rare offering in a rapidly evolving neighborhood, this 4230 SQFT site strategically located just off Kingsway on Inverness St, well-positioned for potential rezoning, allowing for apartment developments with residential rental tenure at FSRs up to 2.40 (subject to city approval). This is an ideal opportunity for developers looking to invest in a highly sought-after East Vancouver location. Contact us today for more details on this exceptional investment opportunity!
How this price compares
This lot asks $399 per square foot of lot. That is 11% below the median of $447 across the 758 active lots VanPlex is showing in Vancouver, and puts it 264 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
- 4,230 sqft
- Lot dimensions
- 33 x 128.21
- Frontage
- 33 ft
- Bedrooms
- 5
- Bathrooms
- 2
- Year built
- 1939
- Zoning
- RM-1
- MLS® area
- Knight
- MLS® number
- R3127416
Want the PlexScore and return on equity for this lot? Get PlexPro.
Listing data via MLS®. Displayed for information only. Zoning RM-1 stamped from the city record on 2026-07-27.