3707 INVERNESS STREET, Vancouver
$1,499,900
This 3,020 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.
Nestled in the highly sought-after Cedar Cottage neighbourhood, this charming character home offers timeless appeal and excellent income potential. The standout feature is a legal, self-contained suite with a separate civic address, a rare, valuable mortgage helper that can generate strong rental income or provide multi-generational living flexibility. Inside, restored hardwood flooring, elegant crown moulding and classic wainscoting create warm, inviting spaces. The gourmet kitchen has custom cabinetry, granite countertops and the low-maintenance yard features a beautiful apple tree and peaceful garden area. Located just steps from parks, Charles Dickens Annex School, shopping, cafes and restaurants.
How this price compares
This lot asks $497 per square foot of lot. That is 11% above the median of $447 across the 758 active lots VanPlex is showing in Vancouver, and puts it 458 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
- $1,499,900
- Lot size
- 3,020 sqft
- Lot dimensions
- 30.5 x 99
- Frontage
- 30.5 ft
- Bedrooms
- 4
- Bathrooms
- 2
- Year built
- 1912
- Zoning
- RM-1
- MLS® area
- Knight
- MLS® number
- R3121779
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.