4987 HOY STREET, Vancouver
$1,279,000
This 3,803.25 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.
Transit, income, and future potential all come together in this prime Collingwood opportunity! Just steps from Joyce-Collingwood SkyTrain, this spacious t-level home features three bedroom upstairs, a bright living area, hardwood floors, and a cozy fireplace. Downstairs generates an impressive $3,250 per month in rental income and is currently rented month-to-month, offering flexibility for investors and families alike. Enjoy a covered sundeck. fenced backyard, and abundant street parking, all while being minutes from schools, shopping, restaurants, and major routes via Boundary Road. With duplex development opportunities and more, this is your chance to secure a property in one of Vancouver's most connected and rapidly growing neighbourhoods.
How this price compares
This lot asks $336 per square foot of lot. That is 25% below the median of $447 across the 758 active lots VanPlex is showing in Vancouver, and puts it 99 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
- $1,279,000
- Lot size
- 3,803.25 sqft
- Lot dimensions
- 33 x 115.25
- Frontage
- 33 ft
- Bedrooms
- 6
- Bathrooms
- 3
- Year built
- 1964
- Zoning
- R1-1
- MLS® area
- Collingwood VE
- MLS® number
- R3148036
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Listing data via MLS®. Displayed for information only. Zoning R1-1 stamped from the city record on 2026-07-25.