545 SKEENA STREET, Vancouver
$1,555,000
This 3,960 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.
Located in the desirable Renfrew area of East Vancouver, this spacious 8-bedroom, 4-bath character home offers outstanding flexibility for families, multi-generational living, or buyers seeking a home with suite potential. Home used for student rentals for many years. While the exterior reflects the home’s age, the interior provides a warm and functional living environment. Ideal for living upstairs while utilizing the lower level as a potential suite, or accommodating extended family. Set on a quiet residential street close to SkyTrain, major bus routes, schools, parks, shopping, and everyday amenities. Excellent central location with quick access to downtown. Contact your agent to set up a private viewing.
How this price compares
This lot asks $393 per square foot of lot. That is 12% below the median of $447 across the 758 active lots VanPlex is showing in Vancouver, and puts it 252 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
- $1,555,000
- Lot size
- 3,960 sqft
- Lot dimensions
- 33 x 120
- Frontage
- 33 ft
- Bedrooms
- 8
- Bathrooms
- 4
- Year built
- 1920
- Zoning
- R1-1
- MLS® area
- Renfrew VE
- MLS® number
- R3078145
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Listing data via MLS®. Displayed for information only. Zoning R1-1 stamped from the city record on 2026-07-25.