5070 WILLOW STREET, Vancouver
$3,388,800
This 7,140.76 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.
Golden Opportunity to obtain a "strategic'' property in upscale Cambie Corridor. Great location for a 6 storey Rental building! Great Bus/Skytrain access! One block to Women's Hospital, Children's Hospital, NEW Ronald McDonald House & Providence Senior Care! SHORT TERM rental BONANZA!!! Across the street from Oak Meadows Park. EZ walk to Queen E Park & VanDusen Garden! 3 car garage! Significant development by City initiative-including The Village & Heather Lands project with Canada Land will bring excellent tenants! 4 minute drive to Oakridge Shopping Mall, Canada Line Skytrain & Safeway! Separate keyed access to multi-room basement gives flexibility for immediate rental income. Secure this JEWEL in this dynamically evolving high class area!!
How this price compares
This lot asks $475 per square foot of lot. That is 6% above the median of $447 across the 758 active lots VanPlex is showing in Vancouver, and puts it 421 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
- $3,388,800
- Lot size
- 7,140.76 sqft
- Lot dimensions
- 61.5 x 116.11
- Frontage
- 61.5 ft
- Bedrooms
- 5
- Bathrooms
- 2
- Year built
- 1949
- Zoning
- R1-1
- MLS® area
- Cambie
- MLS® number
- R3149248
Want the PlexScore and return on equity for this lot? Get PlexPro.
Listing data via MLS®. Displayed for information only. Zoning R1-1 stamped from the city record on 2026-07-25.