4561 NANAIMO STREET, Vancouver
$1,599,900
This 5,100 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.
Spacious 5-Bedroom Bungalow on Generous Lot–a Rare Gem! With a legal 1-bedroom garden suite perfect for rental income. Bright upper 3-bedroom suite with park views, classic layout, wood floors and a sunny backyard for gardening or play. A valuable opportunity for families upsizing, investors, or developers. Recent updates include double glazed windows, roof, hot water tank & fire sprinkler system. This larger 50'x102' (5100 sq’) lot with back lane access can accommodate a laneway home in this prime East Vancouver location. Great amenities nearby and steps to parks, schools, restaurants, groceries, banking, and transit. Excellent long-term hold or development site, currently zoned for Duplex or coach house potential, inside TOD Tier 3 for future development upside! Buyer to verify with COV
How this price compares
This lot asks $314 per square foot of lot. That is 30% below the median of $447 across the 758 active lots VanPlex is showing in Vancouver, and puts it 70 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
- $1,599,900
- Lot size
- 5,100 sqft
- Lot dimensions
- 50 x 102
- Frontage
- 50 ft
- Bedrooms
- 5
- Bathrooms
- 2
- Year built
- 1950
- Zoning
- RT-11
- MLS® area
- Victoria VE
- MLS® number
- R3136360
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Listing data via MLS®. Displayed for information only. Zoning RT-11 stamped from the city record on 2026-07-25.