195 W 12 AVENUE, Vancouver
$3,490,000
This 5,600 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.
INVESTOR ALERT! Rare opportunity to own a CORNER LOT 50 x 112 in the highly sought after Mt. Pleasant west neighborhood. Prime location - situated within the Broadway plan, this property has great outlook for multiplex development or assembly for major high-rise redevelopment. Or simply sit on this gold mine & flip the property in the future, while generating massive gross rent! Also consider AirBnB options! By being so close to Cambie/Broadway commercial retails, services, Canada line station and VGH, this property is always in demand. Very well kept building with excellent tenants. Extensive renovations in 2017 & further improvements in 2020. Classified as a Multi-family conversion with 4 meters & 3 addresses.
How this price compares
This lot asks $623 per square foot of lot. That is 43% above the median of $436 across the 708 active lots VanPlex is showing in Vancouver, and puts it 577 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
- $3,490,000
- Lot size
- 5,600 sqft
- Lot dimensions
- 50 x 112
- Frontage
- 50 ft
- Bedrooms
- 6
- Bathrooms
- 5
- Year built
- 1921
- Zoning
- RT-6
- MLS® area
- Mount Pleasant VW
- MLS® number
- R3177924
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Listing data via MLS®. Displayed for information only. Zoning RT-6 stamped from the city record on 2026-10-22.