4888 NARVAEZ DRIVE, Vancouver
$3,898,000
This 6,500 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.
A rare opportunity in prestigious Mackenzie Heights! Set on a prized 50 x 130 ft lot, this exceptional property captures sweeping city and North Shore mountain views from one of Vancouver’s most desirable neighbourhoods. Zoned R1-1, it offers outstanding potential to build your dream home, redevelop, invest, or hold for the future. The existing 3-bedroom residence is filled with charm and natural light, featuring a functional family-friendly layout, mature landscaped gardens, and a sun-soaked view deck. Complete with a detached 2-car garage off the rear lane, and ideally positioned just moments from top-ranked schools, parks, shopping, and transit. An iconic view property offering exceptional lifestyle and long-term value.
How this price compares
This lot asks $600 per square foot of lot. That is 34% above the median of $447 across the 758 active lots VanPlex is showing in Vancouver, and puts it 584 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
- $3,898,000
- Lot size
- 6,500 sqft
- Lot dimensions
- 50 x 130
- Frontage
- 50 ft
- Bedrooms
- 3
- Bathrooms
- 2
- Year built
- 1941
- Zoning
- R1-1
- MLS® area
- Quilchena
- MLS® number
- R3152091
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Listing data via MLS®. Displayed for information only. Zoning R1-1 stamped from the city record on 2026-08-04.