1650 WESTERN PARKWAY, Vancouver
$4,498,000
This 13,800 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.
A rare opportunity to secure a substantial, level estate property in the University Endowment Lands. Measuring approximately 80 × 172.5 feet, this 13,800-square-foot freehold lot offers the scale and setting to imagine something truly exceptional: a distinguished custom residence or a thoughtfully planned multi-unit residential concept. The property sits in one of Vancouver’s most coveted university-side neighborhoods, close to UBC, Pacific Spirit Regional Park, Spanish Banks, Locarno Beach, shops and transit. For builders and investors, the generous, usable site offers potential to explore a thoughtfully designed multi-unit residential concept under the UEL’s current land-use framework, subject to property-specific zoning, title restrictions and approvals.
How this price compares
This lot asks $326 per square foot of lot. That is 25% below the median of $436 across the 708 active lots VanPlex is showing in Vancouver, and puts it 91 of 708 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
- $4,498,000
- Lot size
- 13,800 sqft
- Lot dimensions
- 80 x 172.5
- Frontage
- 80 ft
- Bedrooms
- 0
- Bathrooms
- 0
- Year built
- 1971
- MLS® area
- University VW
- MLS® number
- R3182230
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Listing data via MLS®. Displayed for information only.