4849 OAK STREET, Vancouver
$4,480,000
This 6,480 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.
Shaughnessy land opportunity for active multiplex builders! The lot spans across 6,480 sq ft lot with a 54-ft frontage, qualifying for the maximum yield under R1-1 zoning (6 strata units or 8 secured rental). Up to 6,480 sq ft buildable at 1.0 FSR across 3 storeys. No heritage designation and the existing home built in 1926 makes straightforward demo and build path. Ground-oriented townhome product in Shaughnessy sells to deep pocketed and lifestyle driven buyers in the area with great absorption in any market. The neighbourhood is the marketing. The zoning is confirmed. The product sells. Build your best project at one of Vancouver's most enduring addresses.
How this price compares
This lot asks $691 per square foot of lot. That is 55% above the median of $447 across the 758 active lots VanPlex is showing in Vancouver, and puts it 656 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
- $4,480,000
- Lot size
- 6,480 sqft
- Lot dimensions
- 54 x 120
- Frontage
- 54 ft
- Bedrooms
- 4
- Bathrooms
- 2
- Year built
- 1926
- Zoning
- R1-1
- MLS® area
- Shaughnessy
- MLS® number
- R3123866
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Listing data via MLS®. Displayed for information only. Zoning R1-1 stamped from the city record on 2026-07-25.