51265 YALE ROAD, Rosedale
$1,899,000
This 23,958 sqft property in Rosedale is a detached single-family home on a lot the new rules make suitable for a multiplex. Under BC's Bill 44 small-scale housing rules, most single-family lots in Metro Vancouver now allow at least three to four homes, and lots near frequent transit can allow up to six. Confirm the exact number for this lot against the city's own zoning.
Maximizing rental income, this updated 5-bed, 3-bath house with detached 500 SF garden suite sits on 0.55 acre of flat, useable, land & offers endless possibilities for both residential and commercial uses. The 2020sqft main house, 740sqft roughed-in potential 2-bed basement suite, & 500sqft garden suite include full kitchens, washer/drier, 3-piece baths, & private entrances. Outside you’ll find ¼ acre of parking, 2,000 SF of covered/exposed patios & mountain and rural views. 250k+ of improvements in 21/22. W/ C2 zoning build a commercial shop, operate a business, or just qualify for a commercial property w/ a residential mortgage.
How this price compares
This lot asks $79 per square foot of lot. That is 57% below the median of $184 across the 3813 active lots VanPlex is showing in Metro Vancouver, and puts it 646 of 3813 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
- $1,899,000
- Lot size
- 23,958 sqft
- Lot dimensions
- 114 x
- Frontage
- 114 ft
- Bedrooms
- 5
- Bathrooms
- 3
- Year built
- 1912
- MLS® area
- Rosedale
- MLS® number
- R3170590
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Listing data via MLS®. Displayed for information only.