Property Description

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.)

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Property Information

Address	2235 49th Avenue Vancouver East, BC
List Price	$3,590,000
Dwelling Type	Residential
Gross Taxes	$9,767 (2024)
Total Baths	3
Lot Dimentions	50 x 219.55
Total Bedrooms	3
Lot Sz (Acres)	0.25
Lot Sz (Sq Ft)	10977.5
Property Type	Single Family Residence
List Date	2025-06-23
Age	56
Floor Area (Sq Ft)	2584
Frontage	50
MLS® Number	R3018780
Community	Killarney VE
Area	Vancouver East
Ownership	Freehold NonStrata
Listing Provided by:	RE/MAX Select Properties