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Don’t miss this rare investment opportunity in Vancouver’s sought-after Killarney neighbourhood – this extra-large 10,977 SF lot (50 x 219.55) with back lane access offers prime redevelopment potential under R1-1 zoning with maximum FSR 1.0. This is an exceptional opportunity for developers and investors looking to build a multiplex (housing options include multiplex up to 6 dwelling units, or up to 8 rental dwelling units), duplex, or a single detached home. The existing 3 Bed, 2.5 Bath home spans 2,584 SF with a functional layout and spacious basement with recreation room, making it an excellent holding property with rental income potential, with a highly desirable location close to schools, shopping, and transit. (*Buyer to confirm redevelopment regulations with City of Vancouver.)
| Basement Finished Area (sqft) | 1224 |
|---|---|
| Basement Features | Partially Finished |
| Appliances Included | Washer/Dryer, Dishwasher, Refrigerator, Stove |
| Heating Type | Forced Air, Natural Gas |
| # of Kitchens | 1 |
| Flooring | Vinyl, Carpet |
| Foundation | Concrete Perimeter |
| Roof | Other |
|---|---|
| Structures | Residential Detached |
| Price | $3,590,000 |
|---|---|
| Total Bedrooms | 3 |
| Total Bathrooms | 3 |
| Full Bathrooms | 2 |
| Half Bathrooms | 1 |
| Floor Area Total (sqft) | 2584 |
| Year Built | 1970 |
| Age Of Building | 55 |
| Building Type | Single Family Residence |
| Property Type | Residential |
| Architecture Style | Rancher/Bungalow w/Bsmt. |
| Stories | 2 |
| Ownership Type | Freehold NonStrata |
| Community Features | Shopping Nearby |
| Utility Type | Electricity Connected, Natural Gas Connected, Water Connected |
| Utility Sewer | Public Sewer, Sanitary Sewer, Storm Sewer |
| Water (WaterSource) | Public |
| Parking Type | Garage Double, Lane Access, Rear Access |
| Total Parking Spaces | 2 |
| Rental Suites | None |
| Lot Size | 10977.5 |
|---|---|
| Lot Size Depth | Feet |
| Lot Size Frontage | 50 |
| MLS® # | R3018780 |
| Area | Vancouver East |
| Neighbourhood | Killarney VE |
| City | Vancouver |
| Postal Code | V5P 1T9 |
| Gross Taxes | $9,767.47 |
| Zoning | R1-1 |
| Floor | Type | Dimensions |
|---|---|---|
| Main Level | Living Room | 18'6 x 18'6 ft |
| Main Level | Dining Room | 12' x 12' ft |
| Main Level | Kitchen | 9'7 x 9'7 ft |
| Main Level | Eating Area | 9'7 x 9'7 ft |
| Main Level | Primary Bedroom | 13'1 x 13'1 ft |
| Main Level | Bedroom | 11'7 x 11'7 ft |
| Main Level | Bedroom | 13'1 x 13'1 ft |
| Basement Level | Recreation Room | 23'1 x 23'1 ft |
| Basement Level | Den | 15'7 x 15'7 ft |
| Floor | Ensuite | Pieces |
|---|---|---|
| Main Level | No | #4 |
| Main Level | No | #2 |
| Basement | No | #3 |
Listed by: RE/MAX Select Properties
NOTE: This representation is based in whole or in part on data generated by the Chilliwack & District Real Estate Board, Fraser Valley Real Estate Board or Greater Vancouver REALTORS® which assumes no responsibility for its accuracy.
Public Schools
Information includes BC Government Open License data; school details change often and are offered solely as general guidance.
Private Schools
Closest Transit
Crime Rate
Demographics
Noise/ Power Lines
Other
| School | Type | Grades Served | Catchment Info | Rating | Distance |
|---|---|---|---|---|---|
| Year | Land | Improvements | Total Assessed | YOY Change |
|---|---|---|---|---|
| 2026 | $2,358,000 | $76,200 | $2,434,200 |
-6.3%
|
| 2025 | $2,521,000 | $77,300 | $2,598,300 |
+0.3%
|
| 2024 | $2,512,000 | $78,300 | $2,590,300 |
+4.3%
|
| 2023 | $2,404,000 | $80,600 | $2,484,600 |
+8.7%
|
| 2022 | $2,202,000 | $83,700 | $2,285,700 | — |
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