1951 NAPIER STREET, Vancouver
$2,373,000
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.
Maximize your portfolio with this architectural character-rich property generating revenue w/ upside rent or owner-occupier potential. Perfectly situated in the heart of Grandview-Woodland, one of Vancouver’s most historic communities, this 1912 home is a great opportunity. Spanning four levels, with views of the North Shore Mountains, the property offers incredible versatility as a high-performing holding asset or a premier owner-occupier, multi-generational family setup. Potential to qualify for City of Vancouver character home designation, with lane-way home possibility to add more density for additional future value. Located on a quiet, tree-lined stretch of Napier Street, the home is two blocks from Commercial Drive and Little Italy. Great central location! 10 min from Downtown.
How this price compares
This lot asks $589 per square foot of lot. That is 35% above the median of $436 across the 708 active lots VanPlex is showing in Vancouver, and puts it 554 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
- $2,373,000
- Lot size
- 4,026 sqft
- Lot dimensions
- 33 x 122
- Frontage
- 33 ft
- Bedrooms
- 5
- Bathrooms
- 5
- Year built
- 1912
- Zoning
- RT-5
- MLS® area
- Grandview Woodland
- MLS® number
- R3172588
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Listing data via MLS®. Displayed for information only. Zoning RT-5 stamped from the city record on 2026-10-07.