3425 W 8TH AVENUE, Vancouver
$2,499,000
This 4,638 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.
$300,000 PRICE REDUCTION – motivated seller! DEVELOPMENT & INVESTMENT OPPORTUNITY! RT-7 zoned 44' x 105' lot with back lane access and potential for up to 6 dwelling units, subject to City approval. Listed at land value and below assessed value! Existing home offers excellent flexibility to live in, rent, hold or explore future multiplex redevelopment. Prime Kitsilano location minutes to Kits & Jericho Beaches, shops, cafés, schools, parks and transit. Major updates include roof, high-efficiency furnace, instant hot water, electrical, plumbing and more. Buyer to verify all zoning, density and development potential with the City of Vancouver. OPEN HOUSE SEPT 7/Mon, 2–4 PM.
How this price compares
This lot asks $539 per square foot of lot. That is 21% above the median of $445 across the 782 active lots VanPlex is showing in Vancouver, and puts it 543 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
- $2,499,000
- Lot size
- 4,638 sqft
- Lot dimensions
- 44 x 105.15
- Frontage
- 44 ft
- Bedrooms
- 4
- Bathrooms
- 2
- Year built
- 1925
- Zoning
- RT-7
- MLS® area
- Kitsilano
- MLS® number
- R3126353
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Listing data via MLS®. Displayed for information only. Zoning RT-7 stamped from the city record on 2026-07-25.