753 E 55TH AVENUE, Vancouver
$2,388,000
This 7,897.43 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.
INVESTOR & BUILDER ALERT! Exceptional opportunity to acquire an approx. 7,900 SQFT subdividable property (buyer to verify with City of Vancouver) in highly desirable South Vancouver. Featuring wide frontage, a prime elevated location, and stunning southern views of Richmond and the Fraser River, this property offers outstanding redevelopment potential, including the possibility of future multi-family zoning for up to 8 units (buyer to verify with the City). The revenue-generating home is an ideal holding property, with major 2022 renovations including windows, hot water tank, furnace, gutters, downspouts, most electrical upgrades, and a renovated basement. Conveniently located near Langara College, shopping, transit, and everyday amenities. A rare investment and development opportunity.
How this price compares
This lot asks $302 per square foot of lot. That is 32% below the median of $447 across the 758 active lots VanPlex is showing in Vancouver, and puts it 60 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
- $2,388,000
- Lot size
- 7,897.43 sqft
- Lot dimensions
- 87.12 x 90.65
- Frontage
- 87.12 ft
- Bedrooms
- 10
- Bathrooms
- 4
- Year built
- 1967
- Zoning
- R1-1
- MLS® area
- South Vancouver
- MLS® number
- R3150134
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Listing data via MLS®. Displayed for information only. Zoning R1-1 stamped from the city record on 2026-07-28.