Exceptional investment and redevelopment opportunity in the heart of Mount Pleasant! This legally zoned fourplex sits on a 5,733 sq. ft. corner lot with RT-6 zoning, offering immediate rental income and outstanding long-term potential. Hold as a revenue-generating asset or take advantage of the property's redevelopment possibilities in one of Vancouver's…
Exceptional investment and redevelopment opportunity in the heart of Mount Pleasant! This legally zoned fourplex sits on a 5,733 sq. ft. corner lot with RT-6 zoning, offering immediate rental income and outstanding long-term potential. Hold as a revenue-generating asset or take advantage of the property's redevelopment possibilities in one of Vancouver's most sought-after neighborhoods. Ideally located just minutes from Main Street, Cambie Village, Broadway, transit, parks, shopping, and dining. Combining a prime location, strong income potential, and future development upside, this is a rare opportunity for investors, developers, and long-term land bankers alike.
Features
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Room measurements15 rooms▸
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Floor plan
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Property Details
MLS NumberR3151318
Property TypeQuadruplex
Bedrooms6
Bathrooms4
Square Feet3,272
Lot Size5,702 sqft
Year Built1946
Parking Spaces2
HeatingNatural Gas
Days on Market11
StatusActive
Listed ByRoyal LePage West Real Estate Services
School Catchment
ElementaryFraser
SecondaryHamber
Neighbourhood
Highlighted area = this home's census tract (StatCan), the boundary the neighbourhood stats describe.
$1,200,000Median home value
$84,000Median household income
33%Owner-occupied
3.4%Single-detached homes
1.8Avg household size
36.8Median age
64.5%Bachelor's degree or higher (25-64)
69.5%Commute under 30 min
49%Drive to work
24.3%Foreign-born residents
6,284Neighbourhood population
Age
Under 159.5%
15 to 6479%
65 and over11.5%
Household size
1 person47.2%
236.6%
39.6%
45.1%
5 or more1.4%
Language spoken at home
73.5% English mother tongue
French2.4%
Cantonese2.3%
English + other2.3%
Mandarin2.2%
Spanish2%
Tagalog1.5%
All others13.8%
Mother tongue, share of 6,275 residents.
How this pocket differs
fewer seniors 65+ than Vancouver West 11.5% vs 16.8%
notably fewer 5+ person households than Vancouver West 1.4% vs 3.5%
fewer 4-person households than Vancouver West 5.1% vs 7.6%
Source: Statistics Canada, Census of Population, 2021. Reproduced and distributed on an "as is" basis with the permission of Statistics Canada.
Land & Development
Lot size5,703 sqft
Lot dimensions50 × 115 ft
Lot shapeRectangular
Transit-oriented potential (Bill 47 / TOA)
Transit areaTier 3within 800 m of a station
Max density3 FAR
Max height8 storeys
Est. buildable~17,052 sqft
Nearest stationMt. Pleasant Station465 m away
Within a provincially designated Transit-Oriented Area, this lot may support up to 3 FAR / 8 storeys regardless of base zoning. Provincial minimums and approximate — municipal rezoning, servicing and parking standards still apply.
Approximate lot lines (ParcelMap BC)
Zoning, lot dimensions and grade are approximate, from public data, and for reference only — verify with the City / Township of Langley before relying on them.
Monthly Cost Calculator
Estimated monthly cost$12,765
Mortgage payment$11,763
Property tax$741
Home insurance$260
Partner Rates Available
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Monthly cost
Estimated monthly$12,765
$2,209,000$2,989,000
20%50%
2.72%6.72%
5 years30 years
$7,095/yr$10,695/yr
$205/mo$315/mo
An estimate only. Canadian semi-annual compounding; excludes utilities, closing costs and BC property transfer tax.
5-year fixed, as of Aug 6
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