5925 CHESTER STREET, Vancouver
$1,398,000
This 4,026 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.
Excellent opportunity for small scale development in a PRIME location! Situated on a quiet, no through street but only 1 block from the vibrant shopping scene along the Fraser Street corridor and fabulous Memorial Park! Home is liveable/rentable including a 1 bedroom suite but requires a lot of updating and is being sold in 'As is, where is' condition so primarily land value. Oil tank has been removed! Mackenzie elementary and John Oliver school catchments.
How this price compares
This lot asks $347 per square foot of lot. That is 22% below the median of $447 across the 754 active lots VanPlex is showing in Vancouver, and puts it 120 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
- $1,398,000
- Lot size
- 4,026 sqft
- Lot dimensions
- 33 x 122
- Frontage
- 33 ft
- Bedrooms
- 3
- Bathrooms
- 2
- Year built
- 1929
- Zoning
- R1-1
- MLS® area
- Fraser VE
- MLS® number
- R3116266
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Listing data via MLS®. Displayed for information only. Zoning R1-1 stamped from the city record on 2026-07-25.