5454 MELBOURNE STREET, Vancouver
$1,475,000
This 5,525 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.
Attention builders! Prime 50X110.5 - 5,525sqft R1-1 zoned lot overlooking Foster Park close to Joyce Collingwood Station. A great location on a quiet street close to lots of amenities and transit. A great opportunity to develop or hold. Located in a transit-oriented areas - Density (FAR): Up to 3.0 / Allowable Height (Storeys): Up to 8
How this price compares
This lot asks $267 per square foot of lot. That is 40% below the median of $447 across the 758 active lots VanPlex is showing in Vancouver, and puts it 29 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
- $1,475,000
- Lot size
- 5,525 sqft
- Lot dimensions
- 50 x 110.5
- Frontage
- 50 ft
- Bedrooms
- 3
- Bathrooms
- 1
- Year built
- 1949
- Zoning
- R1-1
- MLS® area
- Collingwood VE
- MLS® number
- R3124925
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Listing data via MLS®. Displayed for information only. Zoning R1-1 stamped from the city record on 2026-07-25.