Prime high density Multiplex development opportunity to build 6 strata units or up to 8 secured market rental units under SSMUH (R1-1). Exceptional value in South Vancouver’s rapidly densifying residential corridor. This 7,040 sq. ft. lot (40.93' x 172') is perfectly positioned for builders and investors looking to capitalize on Vancouver’s Small-Scale Multi-Unit Housing (SSMUH) R1-1. This generous lot depth provides ample space for ground-oriented dwellings and private outdoor areas, highly sought after by families and downsizers. Fast-Track Potential. Transit-Oriented. Position yourself at the forefront of Vancouver’s housing evolution. Buy-as-is.
| Basement Finished Area (sqft) | 0 |
|---|---|
| Basement Features | Full |
| Heating Type | Other |
| # of Kitchens | 0 |
| Foundation | Concrete Perimeter |
| Exterior Features | Balcony |
|---|---|
| Roof | Other |
| Structures | Residential Detached |
| Price | $2,800,000 |
|---|---|
| Total Bedrooms | 3 |
| Total Bathrooms | 2 |
| Full Bathrooms | 2 |
| Half Bathrooms | 0 |
| Floor Area Total (sqft) | 1547 |
| Year Built | 1949 |
| Age Of Building | 77 |
| Building Type | Single Family Residence |
| Property Type | Residential |
| Stories | 2 |
| Ownership Type | Freehold NonStrata |
| Utility Type | Community, Electricity Connected |
| Utility Sewer | Public Sewer, Storm Sewer |
| Water (WaterSource) | Public |
| Parking Type | Garage Double |
| Lot Size | 6745 |
|---|---|
| Lot Size Depth | Feet |
| Lot Size Frontage | 41.91 |
| MLS® # | R3102902 |
| Area | Vancouver East |
| Neighbourhood | South Vancouver |
| City | Vancouver |
| Postal Code | V5X 2S9 |
| Gross Taxes | 0 |
| Zoning | / |
| Status | Date | Price |
|---|---|---|
| R3102902 / Active | 03-20-2026 | $2,800,000 |
| Floor | Type | Dimensions |
|---|---|---|
| Main Level | Bedroom | 10' x 10' ft |
| Main Level | Bedroom | 11' x 11' ft |
| Main Level | Living Room | 15' x 15' ft |
| Main Level | Dining Room | 10' x 10' ft |
| Basement Level | Living Room | 13' x 13' ft |
| Basement Level | Bedroom | 11' x 11' ft |
| Floor | Ensuite | Pieces |
|---|---|---|
| Main Level | No | #4 |
| Below | No | #4 |
Listed by: Multiple Realty Ltd.
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 |
|---|---|---|---|---|---|
| Schools Near 431 SE Marine Drive | |||||
| Year | Land | Improvements | Total Assessed | YOY Change |
|---|---|---|---|---|
| 2026 | $1,819,000 | $26,800 | $1,845,800 |
-0.7%
|
| 2025 | $1,830,000 | $28,000 | $1,858,000 |
-3.1%
|
| 2024 | $1,890,000 | $27,000 | $1,917,000 |
+7.4%
|
| 2023 | $1,759,000 | $26,700 | $1,785,700 |
+3.8%
|
| 2022 | $1,694,000 | $26,100 | $1,720,100 | — |
Comparable data is unavailable at the neighbourhood level. City-wide in Vancouver, similar Single Family Residences average $2,194,167 across 6 active listings — this listing is 27.6% above the Vancouver average.
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