132-134 W 12TH AVENUE, Vancouver
$1,999,000
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.
Purpose-built up/down duplex on a flat lot between Main & Cambie, boasting a highly-efficient and practical layout, with full-height ceilings on both floors. Two separate 3-bed, 2-bath suites, each with dedicated street-facing front doors, private outdoor areas, parking, and laundry. Units offer updated kitchens, bathrooms, flooring, paint, windows, with a hard-wearing metal roof and low-maintenance exterior stucco finish. Quiet, south-facing backyard receives ample natural light. Live in one unit and rent the other, use for multi-generational housing, or hold as a turnkey investment with potential rent of $7,000/month. Property offers lucrative development potential under the Broadway Corridor Plan. Short walk to Skytrain, City Hall, hospitals, cafés, and shops, and more.
How this price compares
This lot asks $497 per square foot of lot. That is 12% above the median of $444 across the 753 active lots VanPlex is showing in Vancouver, and puts it 465 of 753 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
- $1,999,000
- Lot size
- 4,026 sqft
- Lot dimensions
- 33 x 122
- Frontage
- 33 ft
- Bedrooms
- 6
- Bathrooms
- 4
- Year built
- 1976
- Zoning
- RT-6
- MLS® area
- Mount Pleasant VW
- MLS® number
- R3170387
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Listing data via MLS®. Displayed for information only. Zoning RT-6 stamped from the city record on 2026-09-29.