1616 NANAIMO STREET, Vancouver
$1,980,000
This 4,995 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.
Attention, developers, and investors. Great holding revenue. This prime development opportunity, awaits your ideas. possibly to assemble from 13,598 sq. ft. to 27,590 sq. ft Currently C1 zoning city has indicated the developer can apply for C2 possibly up to 3.2 FSR. This site is located in a highly desirable area just minutes to the drive. Buyer to verify the use and potential with the city of Vancouver.
How this price compares
This lot asks $396 per square foot of lot. That is 11% below the median of $443 across the 717 active lots VanPlex is showing in Vancouver, and puts it 256 of 717 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
- $1,980,000
- Lot size
- 4,995 sqft
- Lot dimensions
- 45 x 111
- Frontage
- 45 ft
- Bedrooms
- 3
- Bathrooms
- 2
- Year built
- 1949
- Zoning
- C-1
- MLS® area
- Renfrew VE
- MLS® number
- R3161711
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Listing data via MLS®. Displayed for information only. Zoning C-1 stamped from the city record on 2026-09-04.