3559 LAKEWOOD STREET, Vancouver
$1,799,000
This 3,696 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 Grandview-Woodland opportunity offering flexibility today and potential for tomorrow. This property features 3 self-contained living spaces: a bright 2-bed main home, an updated 2-bed lower suite w/ level walkout and good natural light; plus a new 2-bed laneway home. Ideal for an owner-occupier seeking revenue, investor, or build your dream home. Enjoy a fenced yard, rear parking, live in the laneway while you build, or reimagine the site with or without a laneway house. Near Trout Lake and John Hendry Park, this is a compelling opportunity in a sought-after community with recreation and long-term potential.
How this price compares
This lot asks $487 per square foot of lot. That is 9% above the median of $447 across the 758 active lots VanPlex is showing in Vancouver, and puts it 444 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
- $1,799,000
- Lot size
- 3,696 sqft
- Lot dimensions
- 33 x
- Frontage
- 33 ft
- Bedrooms
- 6
- Bathrooms
- 3
- Year built
- 1912
- Zoning
- R1-1
- MLS® area
- Grandview Woodland
- MLS® number
- R3143961
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Listing data via MLS®. Displayed for information only. Zoning R1-1 stamped from the city record on 2026-07-25.