5050 MAIN STREET, Vancouver
$2,888,000
This 3,696 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.
INVESTOR & BUILDER ALERT: This 3,696 sq. ft. lot in Vancouver’s premier Main Street corridor offers significant development potential under 2026 Small-Scale Multi-Unit Housing (SSMUH) mandates, allowing for increased density such as a multiplex or townhome project. Prospective buyers are advised to perform their own due diligence with the City of Vancouver regarding specific development potential, requirements and permits. Currently featuring a solid 2-bedroom rancher with mountain views and a detached garage, the property provides immediate holding income. Located steps from Nat Bailey Stadium, Queen Elizabeth and Riley Park’s vibrant cafes, this site boasts exceptional transit access to Downtown and UBC. Purchase individually or as a strategic land assembly with adjacent properties.
How this price compares
This lot asks $781 per square foot of lot. That is 75% above the median of $447 across the 758 active lots VanPlex is showing in Vancouver, and puts it 692 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
- $2,888,000
- Lot size
- 3,696 sqft
- Lot dimensions
- 33 x 112
- Frontage
- 33 ft
- Bedrooms
- 2
- Bathrooms
- 1
- Year built
- 1953
- Zoning
- RT-2
- MLS® area
- Main
- MLS® number
- R3075422
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Listing data via MLS®. Displayed for information only. Zoning RT-2 stamped from the city record on 2026-07-25.