5240 EAST BOULEVARD, Vancouver
$2,888,000
This 5,478 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.
Rarely available corner lot in Kerrisdale! This bungalow at 5240 East Boulevard has been in the family for years. Built in 1957 on a 60 x91.3 R1-1 Zoned lot- ideal to remodel or redevelop. Main floor offers a west-facing living room, bright east-facing kitchen/solarium 3 bedrooms & 1 bath. Original oak floors& mahogany paneling add charm; cedar paneling in basement. Lower level includes a large rec room, bedroom,3-piece bath, workshop & secondary kitchen with separate entrance. 2-car garage , newer roof(2020), oil tank removed(2025). Spacious yards for gardening. Steps to Arbutus greenway, with nearby BC Hydro EV charger, Transit, Kerrisdale / shopping & Community Centre, Point Grey Secondary & Quilchena Elementary (French Immersion). Easy access to UBC.
How this price compares
This lot asks $527 per square foot of lot. That is 18% above the median of $447 across the 758 active lots VanPlex is showing in Vancouver, and puts it 503 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
- 5,478 sqft
- Lot dimensions
- 60 x 91.3
- Frontage
- 60 ft
- Bedrooms
- 4
- Bathrooms
- 2
- Year built
- 1957
- Zoning
- R1-1
- MLS® area
- Quilchena
- MLS® number
- R3121321
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.