236 W 12TH AVENUE, Vancouver
$2,758,000
This 6,250 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.
Prime investment opportunity in the heart of Vancouver’s highly coveted Broadway Corridor. This exceptional multiplex property at 236 W 12th Avenue features 9 tenanted rental units, delivering substantial, immediate cash flow with estimated rent over $9000 per month. Positioned strategically within the City of Vancouver Broadway Plan, this asset represents a goldmine for forward-thinking investors, multi-family landlords, and developers looking to secure a high-yield property with future high-density assembly and redevelopment potential. For builders and developers, this is an elite land-banking play. Hold the asset, enjoy the lucrative monthly cash flow, and plan your next landmark project under the city's aggressive densification policies designed around the rapid transit corridor.
How this price compares
This lot asks $441 per square foot of lot. That is about the same as the median of $436 across the 708 active lots VanPlex is showing in Vancouver, and puts it 365 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
- $2,758,000
- Lot size
- 6,250 sqft
- Lot dimensions
- 50 x 125
- Frontage
- 50 ft
- Bedrooms
- 10
- Bathrooms
- 6
- Year built
- 1910
- Zoning
- RT-6
- MLS® area
- Mount Pleasant VW
- MLS® number
- R3176193
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Listing data via MLS®. Displayed for information only. Zoning RT-6 stamped from the city record on 2026-10-16.