5655 LANCASTER STREET, Vancouver
$2,190,000
This 6,100 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.
Rarely available Big Lot 50'X 122', East Facing solid house sit in the heart of Collingwood with new installed metal roof, main floor with big sundeck, spacious kitchen, dinning area, huge living room, 4 bedrooms, 4 pcs bathroom and 2 pcs bathroom & laundry room. Separate basement with 2 suites, each with separate entrances, two bedrooms, 4 pcs bathroom, kitchen, dinning area, (one also with living area). Central location within walking distance to schools, transportation, restaurants, 15 minutes to Burnaby, Central Park, Metrotown. Good for own usage and hold for future development. Showing by appointment. Price For Sell! Do Not Miss!
How this price compares
This lot asks $359 per square foot of lot. That is 20% below the median of $447 across the 758 active lots VanPlex is showing in Vancouver, and puts it 156 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
- $2,190,000
- Lot size
- 6,100 sqft
- Lot dimensions
- 50 x 122
- Frontage
- 50 ft
- Bedrooms
- 8
- Bathrooms
- 4
- Year built
- 1955
- Zoning
- R1-1
- MLS® area
- Collingwood VE
- MLS® number
- R3150466
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Listing data via MLS®. Displayed for information only. Zoning R1-1 stamped from the city record on 2026-07-28.