543 RUPERT STREET, Vancouver
$1,659,980
This 4,920 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.
SMALL QUIET STREET. Attention first-time buyers and investors! This wide, flat lot is located on the quiet inner section of Rupert Street and features a clean, well-kept bungalow near the PNE. The main level offers 3 bedrooms, while the fully finished high basement includes a 2-bedroom suite, an excellent mortgage helper! Updates include new double-glazed windows. Ideal for living, holding, or future development, with potential to build a duplex, 3–4 unit multiplex, or a new single-family home (buyer to verify). A solid opportunity in a convenient and growing neighbourhood.
How this price compares
This lot asks $337 per square foot of lot. That is 25% below the median of $447 across the 754 active lots VanPlex is showing in Vancouver, and puts it 102 of 754 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
- $1,659,980
- Lot size
- 4,920 sqft
- Lot dimensions
- 41 x 120
- Frontage
- 41 ft
- Bedrooms
- 5
- Bathrooms
- 2
- Year built
- 1958
- Zoning
- R1-1
- MLS® area
- Renfrew VE
- MLS® number
- R3121897
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Listing data via MLS®. Displayed for information only. Zoning R1-1 stamped from the city record on 2026-07-25.