470 W 46TH AVENUE, Vancouver
$4,250,000
This 9,760.6 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.
Located within Cambie Corridor Phase 3, the property permits mixed-use development with up to 3.25 FSR and 8 storeys, or up to 4.0 FSR and 12 storeys in the Transit-Oriented Area (TOA). The property is being sold by serious sellers and is currently tenanted, generating $7,038 in monthly strong cash flow. Surrounded by developments such as Oakridge Park, Cambie Gardens, and Mayfair. A good chance to development or hold for the future..
How this price compares
This lot asks $435 per square foot of lot. That is 3% below the median of $447 across the 758 active lots VanPlex is showing in Vancouver, and puts it 356 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
- $4,250,000
- Lot size
- 9,760.6 sqft
- Lot dimensions
- 148.45 x 65.75
- Frontage
- 148.45 ft
- Bedrooms
- 9
- Bathrooms
- 5
- Year built
- 1951
- Zoning
- RT-2
- MLS® area
- Oakridge VW
- MLS® number
- R3058457
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Listing data via MLS®. Displayed for information only. Zoning RT-2 stamped from the city record on 2026-07-25.