695 E 12TH AVENUE, Vancouver
$1,550,000
This 3,795 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 rare opportunity to acquire an exceptional development lot in affluent Mount Pleasant. Currently improved as a DUPLEX. Strategically located within the Broadway Plan (MRTC - Area C), permitting mixed-use development up to 18-storeys, once assembled. Additional development opportunities include single family, duplex, and multi-plex dwellings. Flexible RT-5 Zoning. Close proximity to Broadway Corridor, Kingsway Corridor, schools, shops & services, and rapid transit.
How this price compares
This lot asks $408 per square foot of lot. That is 8% below the median of $444 across the 753 active lots VanPlex is showing in Vancouver, and puts it 300 of 753 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
- $1,550,000
- Lot size
- 3,795 sqft
- Lot dimensions
- 33 x 115.00
- Frontage
- 33 ft
- Bedrooms
- 6
- Bathrooms
- 2
- Year built
- 1950
- Zoning
- RT-5
- MLS® area
- Mount Pleasant VE
- MLS® number
- R3171406
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Listing data via MLS®. Displayed for information only. Zoning RT-5 stamped from the city record on 2026-10-01.