Prime West Side opportunity on a 60 x 122.8 ft (7,368 sq ft) flat lot with lane access, ideally positioned on a quiet stretch of W 48th Ave. This property offers exceptional redevelopment potential under the City of Vancouver’s R1-1 multiplex zoning, allowing for up to 6 strata units or 8 secured rental units. The existing 4,095 sqft home includes a basement suite, providing solid holding income while you design and permit your project. With multiplex zoning supporting 1.0 FSR and up to 3 storeys, this is a rare chance to capitalize on Vancouver’s multiplex program. Premium location to hold, renovate, or redevelop. Open House Saturday March 28 from 2-4pm.
Property Type:
Residential
Dwelling Type:
Single Family Residence
Home Style:
Exterior Entry to Basement, Two Levels
Ownership:
Freehold NonStrata
Year built:
1959
(Age: 67)
Living Area:
4,095 sq. ft.380 m2
Building Area - Total:
4,095 sq. ft.380 m2
Levels:
Two
Bedrooms:
5
(Above Grd: 5)
Bathrooms:
5.0
(Full:5/Half:0)
Taxes:
$14,627.2 /
2025
Lot Area:
7,368 sq. ft.685 m2
Lot Frontage:
60'18.3 m
Lot Details:
60 x 122.8
Outdoor Area:
Fenced
Plan:
VAP7908
Construction Materials:
Frame Wood, Mixed (Exterior), Wood Siding
No. Floor Levels:
2.0
Floor Area Fin - Above Main:
1,432 sq. ft.133 m2
Floor Area Fin - Above Main 2:
0 sq. ft.0 m2
Floor Area Fin - Main:
1,772 sq. ft.165 m2
Floor Area Fin - Total:
4,095 sq. ft.380 m2
Fireplaces:
2
# Of Roughed-in Fireplaces:
2
Fireplace Details:
Wood Burning
# Of Garage Spaces:
2.0
Parking Features:
Garage Double, Lane Access
Parking:
Garage Double
Parking Total/Covered:
2 / 2
Private Yard
Shopping Nearby
1
Dishwasher, Refrigerator
Washer/Dryer, Dishwasher, Refrigerator, Stove
Age Restrictions:
No
Tax Utilities Included:
false
Home Owners Association:
No
Land Lease:
No
Utilities:
Electricity Connected, Natural Gas Connected, Water Connected
Data was last updated March 25, 2026 at 11:40 AM (UTC)
Area Statistics
Listings on market:
131
Avg list price:
$3,488,000
Min list price:
$699,000
Max list price:
$14,880,000
Avg days on market:
71
Min days on market:
1
Max days on market:
1,058
Avg price per sq.ft.:
$1,178.36
These statistics are generated based on the current listing's property type
and located in
South Granville. Average values are
derived using median calculations. This data is not produced by
the MLS® system.
The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Greater Vancouver REALTORS® (GVR), the Fraser Valley Real Estate Board (FVREB) or the Chilliwack and District Real Estate Board (CADREB). Real estate listings held by participating real estate firms are marked with the MLS® logo and detailed information about the listing includes the name of the listing agent. This representation is based in whole or part on data generated by either the GVR, the FVREB or the CADREB which assumes no responsibility for its accuracy. The materials contained on this page may not be reproduced without the express written consent of either the GVR, the FVREB or the CADREB.