3807 VICTORIA DRIVE, Vancouver
$1,888,000
This 3,507.52 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.
INVESTOR ALERT! Never before on the market. This 3-unit multi-family conversion offers massive value-add potential under Vancouver’s R1-1 zoning. The upper level is a 2-bed, 1-bath suite that can be converted into 3 beds. The main floor features a 2-bed, 1-bath layout easily reconfigured into a 3-bed suite. Below is a bright 1-bed, 1-bath lower level. A premier investment holding property in a world-class location: close to the SkyTrain, transit lines, Commercial Drive, and minutes from Downtown. Perfect for immediate rental income, multi-generational living, or long-term multiplex holding. Call now for full details!
How this price compares
This lot asks $538 per square foot of lot. That is 20% above the median of $447 across the 754 active lots VanPlex is showing in Vancouver, and puts it 515 of 754 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
- $1,888,000
- Lot size
- 3,507.52 sqft
- Lot dimensions
- 32.95 x 106.45
- Frontage
- 32.95 ft
- Bedrooms
- 5
- Bathrooms
- 3
- Year built
- 1910
- Zoning
- R1-1
- MLS® area
- Victoria VE
- MLS® number
- R3138535
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Listing data via MLS®. Displayed for information only. Zoning R1-1 stamped from the city record on 2026-07-25.