433 E 48TH AVENUE, Vancouver
$2,490,000
This 8,138 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.
Rare opportunity on an oversized lot in the heart of Fraser — one of East Vancouver's most established and sought-after neighbourhoods. This solid, original home is move-in ready while offering tremendous potential to renovate or redevelop. Enjoy tree-lined streets, a strong sense of community, and unbeatable access to Fraser Street shops, Queen Elizabeth Park, top schools, and rapid transit. Large lots like this in a prime Vancouver location don't come along often. Act fast.
How this price compares
This lot asks $306 per square foot of lot. That is 32% below the median of $447 across the 758 active lots VanPlex is showing in Vancouver, and puts it 63 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
- $2,490,000
- Lot size
- 8,138 sqft
- Lot dimensions
- 65.85 x 123.79
- Frontage
- 65.85 ft
- Bedrooms
- 3
- Bathrooms
- 2
- Year built
- 1938
- Zoning
- R1-1
- MLS® area
- Fraser VE
- MLS® number
- R3129252
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Listing data via MLS®. Displayed for information only. Zoning R1-1 stamped from the city record on 2026-07-25.