Multiplex Development Opportunity in Mount Pleasant! Investor or Builder Opportunity! Can’t decide between a duplex, multiplex, or rental project? This property offers the flexibility to pursue multiple options under the new R3-3 zoning guidelines. Situated on a 49.5’ x 122’ lot in desirable Mount Pleasant, this home presents a rare chance to redevelop in one of Vancouver’s most sought-after neighbourhoods. Whether you’re looking to build a duplex, multiplex, or rental-focused multiplex following R1 regulations, the possibilities are wide open for the right vision. Just steps from shopping, restaurants, the Seawall, and more, this is a prime opportunity to build for eager buyers in one of Vancouver’s most desirable neighbourhoods. Contact me for more details.
| Basement Finished Area (sqft) | 0 |
|---|---|
| Basement Features | None |
| Appliances Included | Washer/Dryer, Dishwasher, Refrigerator, Stove |
| Fireplace | 1 |
| Heating Type | Forced Air, Wood |
| # of Kitchens | 2 |
| Foundation | Concrete Perimeter |
| Exterior Features | Balcony |
|---|---|
| Roof | Asphalt |
| Structures | Residential Detached |
| Price | $2,199,999 |
|---|---|
| Total Bedrooms | 4 |
| Total Bathrooms | 2 |
| Full Bathrooms | 1 |
| Half Bathrooms | 1 |
| Floor Area Total (sqft) | 3344 |
| Year Built | 1909 |
| Age Of Building | 117 |
| Building Type | Single Family Residence |
| Property Type | Residential |
| Stories | 3 |
| Ownership Type | Freehold NonStrata |
| Utility Type | Community, Electricity Connected, Natural Gas Connected, Water Connected |
| Water (WaterSource) | Public |
| Parking Type | Garage Single |
| Lot Size | 6039 |
|---|---|
| Lot Size Depth | Feet |
| Lot Size Frontage | 49.5 |
| MLS® # | R3091826 |
| Area | Vancouver East |
| Neighbourhood | Mount Pleasant VE |
| City | Vancouver |
| Postal Code | V5T 1P1 |
| Gross Taxes | $8,521.05 |
| Zoning | RM-4 |
| Status | Date | Price |
|---|---|---|
| R3091826 / Active | 02-19-2026 | $2,199,999 |
| Floor | Type | Dimensions |
|---|---|---|
| Main Level | Bedroom | 10'5 x 10'5 ft |
| Main Level | Family Room | 12'10 x 12'10 ft |
| Main Level | Living Room | 14'3 x 14'3 ft |
| Main Level | Foyer | 12'0 x 12'0 ft |
| Main Level | Kitchen | 12'3 x 12'3 ft |
| Main Level | Mud Room | 5'6 x 5'6 ft |
| Above Level | Den | 9'1 x 9'1 ft |
| Above Level | Living Room | 14'7 x 14'7 ft |
| Above Level | Bedroom | 12'0 x 12'0 ft |
| Above Level | Dining Room | 12'10 x 12'10 ft |
| Above Level | Kitchen | 12'10 x 12'10 ft |
| Above Level | Dining Room | 9'11 x 9'11 ft |
| Above Level | Primary Bedroom | 12'3 x 12'3 ft |
| Below | Bedroom | 9'7 x 9'7 ft |
| Below | Recreation Room | 13'6 x 13'6 ft |
| Below | Storage | 23'11 x 23'11 ft |
| Floor | Ensuite | Pieces |
|---|---|---|
| Above Level | No | #3 |
| Below | No | #1 |
Listed by: Oakwyn 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 654 E 7th Avenue | |||||
| Year | Land | Improvements | Total Assessed | YOY Change |
|---|---|---|---|---|
| 2026 | $2,172,000 | $178,000 | $2,350,000 |
-4.5%
|
| 2025 | $2,451,000 | $10,000 | $2,461,000 |
-6.6%
|
| 2024 | $2,626,000 | $10,000 | $2,636,000 |
+0.0%
|
| 2023 | $2,626,000 | $10,000 | $2,636,000 |
+9.0%
|
| 2022 | $2,408,000 | $10,000 | $2,418,000 | — |
Comparable data is unavailable at the neighbourhood level. City-wide in Vancouver, similar Single Family Residences average $3,521,666 across 3 active listings — this listing is 37.5% below the Vancouver average. This property is flagged as a Hot Deal (8.3% price reduction) based on its competitive pricing and market demand.
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