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.
Address
1042 W 48th Avenue
List Price
$2,998,000
Property Type
Residential
Type of Dwelling
Single Family Residence
Structure Type
Residential Detached
Transaction Type
Sale
Area
Vancouver West
Sub-Area
South Granville
Bedrooms
5
Bathrooms
5
Floor Area
4,095 Sq. Ft.
Main Floor Area
1772
Lot Size
7368 Sq. Ft.
Lot Size Dimensions
60 x 122.8
Lot Size (Acres)
0.17 Ac.
Lot Features
Central Location, Recreation Nearby
Lot Size Units
Square Feet
Total Building Area
4095
Frontage Length
60
Year Built
1959
MLS® Number
R3103337
Listing Brokerage
Oakwyn Realty Ltd.
Basement Area
Finished, Exterior Entry
Postal Code
V6M 2N5
Zoning
R1-1
Ownership
Freehold NonStrata
Parking
Garage Double, Lane Access
Parking Places (Total)
2
Tax Amount
$14,627.20
Tax Year
2025
Site Influences
Central Location, Private Yard, Recreation Nearby, Shopping Nearby
Community Features
Shopping Nearby
Exterior Features
Private Yard
Appliances
Washer/Dryer, Dishwasher, Refrigerator, Stove
Board Or Association
Greater Vancouver
Heating
Yes
Heat Type
Forced Air, Natural Gas
Fireplace
Yes
Fireplace Features
Wood Burning
Number of Fireplaces
2
Garage
Yes
Garage Spaces
2
Levels
Two
Number Of Floors In Property
2
Open Houses
- March 28, 2:00 PM - 4:00 PM