557 E 21ST AVENUE, Vancouver
$2,299,000
This 6,039 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.
Situated right in the sweet spot between Main Street and Fraser Street, this is the opportunity you have been waiting for! Welcome to 557 E 21st Ave, a massive property nestled on a quite, tree-lined street just steps from the best amenities Vancouver has to offer. With an extra wide 49.5’ x 122’ lot, this isn’t just a house; it’s a rare piece of land with endless possibilities. Over 2,600sqft with 8 spacious bedrooms and a seperate basement entry is perfect for a mortgage helper or in-law suite. Amazing location with top school catchments nearby, famous cafes, boutiques and prominent restaurants. Whether you are looking to build a dream home, develop a multiplex, or hold a high-value asset, this home checks every single box!
How this price compares
This lot asks $381 per square foot of lot. That is 15% below the median of $447 across the 758 active lots VanPlex is showing in Vancouver, and puts it 216 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
- $2,299,000
- Lot size
- 6,039 sqft
- Lot dimensions
- 49.5 x 122
- Frontage
- 49.5 ft
- Bedrooms
- 8
- Bathrooms
- 3
- Year built
- 1948
- Zoning
- R1-1
- MLS® area
- Fraser VE
- MLS® number
- R3134963
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Listing data via MLS®. Displayed for information only. Zoning R1-1 stamped from the city record on 2026-07-25.