5041 CYPRESS STREET, Vancouver
$2,955,000
This 6,766.98 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.
First time on the market for this lovingly cared for, exceptionally solid charmer! This 5 bed, 4 bath beauty oozes character & functionality. Main floor features H/W flooring with cherry inlay, a living room with a brick wood burning F/P, dining area with softwood flooring & a den that leads to a fully covered deck for year round enjoyment. Up are 4 very generously sized beds with the primary boasting a W/I closet, 3pc ensuite & a private deck. Down you will find a family room with gas F/P, the 5th bed, a sauna & a workshop. Down can easily accommodate an lnlaw/Nanny suite! The exterior is right out of homes & gardens with lovely mature landscaping, cute detached single garage, carport & a private yard. With a little updating this will be an outstanding family home for years to come!
How this price compares
This lot asks $437 per square foot of lot. That is 2% below the median of $447 across the 758 active lots VanPlex is showing in Vancouver, and puts it 359 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
- $2,955,000
- Lot size
- 6,766.98 sqft
- Lot dimensions
- 75 x IRREGULAR
- Frontage
- 75 ft
- Bedrooms
- 5
- Bathrooms
- 4
- Year built
- 1930
- Zoning
- R1-1
- MLS® area
- Quilchena
- MLS® number
- R3132834
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Listing data via MLS®. Displayed for information only. Zoning R1-1 stamped from the city record on 2026-07-25.