2412 E 40TH AVENUE, Vancouver
$2,198,000
This 7,000 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 well-kept family home in the heart of Norquay Village, offering over 2,600 sq. ft. of living space on a 50' x 140' flat lot. Thoughtfully maintained over the years, this home offers the flexibility to move in and enjoy, renovate over time, or create something uniquely your own. The functional layout features generous room sizes and plenty of space for a growing family. The main level offers 3 bdrms, a bright & spacious kitchen, & an inviting living/dining area ideal for everyday living & entertaining. The entry level includes additional bedrooms, large family room with gas fireplace, 3 pce bathroom and french doors opening onto your SOUTH facing backyard. Ideal space for in-laws! A fantastic opportunity in a well-established neighbourhood with room to make the home your own.
How this price compares
This lot asks $314 per square foot of lot. That is 29% below the median of $445 across the 782 active lots VanPlex is showing in Vancouver, and puts it 72 of 782 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
- $2,198,000
- Lot size
- 7,000 sqft
- Lot dimensions
- 50 x 140
- Frontage
- 50 ft
- Bedrooms
- 5
- Bathrooms
- 3
- Year built
- 1973
- Zoning
- RT-11
- MLS® area
- Collingwood VE
- MLS® number
- R3166447
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Listing data via MLS®. Displayed for information only. Zoning RT-11 stamped from the city record on 2026-09-16.