857 E 8TH AVENUE, Vancouver
$4,300,000
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.
Broadway Corridor land assembly potential: If the other four neighbors participate, the estimated size of the assembly could be 132'x122'(16,104 sf). This parcel is a legal non-conforming 5-plex with 6 electric meters sitting on a 33 x 122 lot. The gross rental is $7850/mo, and the net rental is $6445/mo. The building was substantially renovated in 2009 with new kitchens, bathrooms, electrical panels, electric heat, windows, doors, and roofing.
How this price compares
This lot asks $1,068 per square foot of lot. That is 139% above the median of $447 across the 758 active lots VanPlex is showing in Vancouver, and puts it 737 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
- $4,300,000
- Lot size
- 4,026 sqft
- Lot dimensions
- 33 x 122
- Frontage
- 33 ft
- Bedrooms
- 5
- Bathrooms
- 5
- Year built
- 1905
- Zoning
- RM-4
- MLS® area
- Mount Pleasant VE
- MLS® number
- R2879911
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Listing data via MLS®. Displayed for information only. Zoning RM-4 stamped from the city record on 2026-07-25.