2920 GRAVELEY STREET, Vancouver
$2,000,000
This 4,255 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.
Rare opportunity to own a detached home on desirable C-1 commercial zoning! This unique property offers exceptional flexibility for homeowners, investors, developers and business owners alike. Continue using the property as a residence, hold as an investment, or explore future redevelopment and mixed-use opportunities, subject to City of Vancouver approval. C-1 zoning permits a wide range of commercial and residential uses. Adjacent C-1 property is also available for sale, creating a rare opportunity for land assembly and enhanced redevelopment potential. Conveniently located close to transit, schools, parks, shopping and everyday amenities. Buyers to verify all zoning, permitted uses and redevelopment potential with the City of Vancouver.
How this price compares
This lot asks $470 per square foot of lot. That is 6% above the median of $443 across the 717 active lots VanPlex is showing in Vancouver, and puts it 400 of 717 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
- $2,000,000
- Lot size
- 4,255 sqft
- Lot dimensions
- 33.5 x 127
- Frontage
- 33.5 ft
- Bedrooms
- 6
- Bathrooms
- 2
- Year built
- 1950
- Zoning
- C-1
- MLS® area
- Renfrew VE
- MLS® number
- R3156435
Want the PlexScore and return on equity for this lot? Try PlexPro free for 14 days. Cancel before day 14 and you pay nothing.
Listing data via MLS®. Displayed for information only. Zoning C-1 stamped from the city record on 2026-08-17.