3240 W 1ST AVENUE, Vancouver
$5,499,000
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.
You will be impressed with this exquisitely renovated triplex captures sweeping views of the North Shore mountains, Burrard Inlet, and downtown. Set along iconic cherry blossoms and prestigious Point Grey Road, it pairs refined luxury with exceptional versatility. The upper two levels features an elegant one bedroom owner’s retreat with a chef inspired kitchen, built-in steam oven, gas fireplace, folding doors for seamless indoor-outdoor living, spa like steam shower, two baths and hot tub. The main floor offers a sophisticated one bedroom suite with large kitchen, wainscoting, electric fireplace and 1.5 bathrooms. The garden level features a renovated one bedroom view suite and impressive artist’s studio with gas fireplace. Call us today to view this rare offering!
How this price compares
This lot asks $1,366 per square foot of lot. That is 207% above the median of $445 across the 782 active lots VanPlex is showing in Vancouver, and puts it 773 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
- $5,499,000
- Lot size
- 4,026 sqft
- Lot dimensions
- 33 x 122
- Frontage
- 33 ft
- Bedrooms
- 3
- Bathrooms
- 5
- Year built
- 1910
- Zoning
- RT-8
- MLS® area
- Kitsilano
- MLS® number
- R3166194
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Listing data via MLS®. Displayed for information only. Zoning RT-8 stamped from the city record on 2026-09-16.