437 W 40TH AVENUE, Vancouver
$2,990,000
This 6,313.8 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.
Attention Builders, Investors, and End Users! Exceptional opportunity in the highly sought-after Queen Blizabeth Park neighbourhood. Situated on a sunny south-facing, high-side level lot, this well-maintained family home offers tremendous potential to live, hold, renovate, or build. Prime West Side location just steps to the brand new Oakridge Park, parks, schools, and amenities. Enjoy convenient access to the Canada Line with direct connections to Downtown Vancouver, Richmond, and YVR Airport. Located on a quiet, tree-lined street surrounded by quality homes in one of Vancouver's most desirable communities. Rare opportunity in a prestigious neighbourhood.
How this price compares
This lot asks $474 per square foot of lot. That is 6% above the median of $447 across the 758 active lots VanPlex is showing in Vancouver, and puts it 419 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
- $2,990,000
- Lot size
- 6,313.8 sqft
- Lot dimensions
- 51 x 123.8
- Frontage
- 51 ft
- Bedrooms
- 4
- Bathrooms
- 2
- Year built
- 1948
- Zoning
- R1-1
- MLS® area
- Cambie
- MLS® number
- R3137557
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Listing data via MLS®. Displayed for information only. Zoning R1-1 stamped from the city record on 2026-07-25.