540 5TH AVENUE, Hope
$740,000
This 7,550 sqft property in Hope is a detached single-family home on a lot the new rules make suitable for a multiplex. Under BC's Bill 44 small-scale housing rules, most single-family lots in Metro Vancouver now allow at least three to four homes, and lots near frequent transit can allow up to six. Confirm the exact number for this lot against the city's own zoning.
Whether you're looking for a single-family residence, a multi-generational living arrangement, or an investment property, this home easily adapts to your needs. The lower-level suite features a separate entrance, kitchen (wired & plumbed for dishwasher)& fossil stone tile throughout - ideal for generating rental income & with the current tenant keen to stay, this ensures immediate cash flow. Upstairs enjoy Hunter Douglas smart blinds, maple hardwood floors, a newly renovated kitchen with granite counter tops, fossil tile, Bosch dishwasher, premium gas stove and more! (Full list of home upgrades available). A new 200 amp subpanel is perfect for a workshop or electric vehicle. New roof March 2026, stucco sealed w/ elastomeric paint Apr 2026,all windows & exterior doors replaced in 2020.
How this price compares
This lot asks $98 per square foot of lot. That is 37% above the median of $71 across the 31 active lots VanPlex is showing in Hope, and puts it 24 of 31 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
- $740,000
- Lot size
- 7,550 sqft
- Lot dimensions
- 114.5 x 133
- Frontage
- 114.5 ft
- Bedrooms
- 4
- Bathrooms
- 2
- Year built
- 1979
- MLS® area
- Hope
- MLS® number
- R3137664
Want the PlexScore and return on equity for this lot? Get PlexPro.
Listing data via MLS®. Displayed for information only.