922 PARK DRIVE, Vancouver
$1,799,000
This 4,276.96 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.
Prime investment and development opportunity! Located directly across from Oak Park and steps away from the brand-new, under-construction Marpole Community Centre, this fully renovated 6-bedroom, 3-bathroom home offers strong rental income and future potential. Sitting on a 4,277 sq ft lot, the home was extensively updated in 2023 with modern finishes and a functional layout perfect for multi-family living. Currently rented for $5,000/month, making it ideal for investors or developers looking to hold and build. Roof updated in 2017. Rare chance to own a turnkey property in a rapidly growing neighborhood with major amenities and transit nearby.
How this price compares
This lot asks $421 per square foot of lot. That is 6% below the median of $447 across the 758 active lots VanPlex is showing in Vancouver, and puts it 323 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
- $1,799,000
- Lot size
- 4,276.96 sqft
- Lot dimensions
- 33 x 129
- Frontage
- 33 ft
- Bedrooms
- 6
- Bathrooms
- 3
- Year built
- 1931
- Zoning
- R1-1
- MLS® area
- Marpole
- MLS® number
- R3143660
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Listing data via MLS®. Displayed for information only. Zoning R1-1 stamped from the city record on 2026-07-25.