Prime West Side opportunity on a 60 x 122.8 ft (7,368 sq ft) flat lot with lane access, ideally positioned on a quiet stretch of W 48th Ave. This property offers exceptional redevelopment potential under the City of Vancouver’s R1-1 multiplex zoning, allowing for up to 6 strata units or 8 secured rental units. The existing 4,095 sqft home includes a basement suite, providing solid holding income while you design and permit your project. With multiplex zoning supporting 1.0 FSR and up to 3 storeys, this is a rare chance to capitalize on Vancouver’s multiplex program. Premium location to hold, renovate, or redevelop.

Room Type	Level	Dimensions

Date	Status	Price	Change
2024-Dec-14	Listed	$1,250,000	-2.0%
2024-Nov-27	Price Change	$1,275,000	-1.8%
2024-Oct-31	Listed	$1,299,000	-
R2847392 - Royal LePage West Real Estate Services
2023-Aug-21	Sold	$1,150,000	-2.1%
2023-Aug-09	Price Change	$1,175,000	-2.0%
2023-Jul-14	Listed	$1,199,000	-
R2798456 - Sutton Group West Coast Realty
2022-Mar-17	Sold	$985,000	-1.4%
2022-Mar-04	Listed	$999,000	-
R2654321 - RE/MAX Crest Realty
2021-Sep-11	Sold	$825,000	-2.8%
2021-Aug-27	Listed	$849,000	-
R2587123 - Century 21 In Town Realty

Rate

Provider

Payment

3.79%

Coast Capital

$11,122

4.09%

Manulife

$11,527

4.19%

CIBC

$11,664

4.39%

National Bank

$11,940

4.49%

BMO

$12,079

4.59%

RBC

$12,219

4.59%

$12,219

4.84%

CWB

$12,572

5.59%

Community Trust

$13,657

Pricing
Asking Price	$2,998,000
Price per Floor SqFt

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Private Data

	All Active	This Property
House	1,250	–
Median Asking Price	$875,000	$2,998,000
Median Price per SqFt	$650	$732
Median Days on Market	28	–

Sold Price:	$850,000
Sold Date:	-
Maint. Fee:	-
Bedrooms:	3
Bathrooms:	2.5
Floor Area:	1,850 sqft
Price / SqFt:	-
Age:	-
Land Size:	-
Days on Market:	26
MLS® Number:	12345678
Distance:	-

Sold Price:	$920,000
Sold Date:	-
Maint. Fee:	-
Bedrooms:	4
Bathrooms:	3
Floor Area:	2,100 sqft
Price / SqFt:	-
Age:	-
Land Size:	-
Days on Market:	31
MLS® Number:	23456789
Distance:	-

Property Photos

1042 W 48TH AVENUE, Vancouver, BC V6M 2N5

1042 W 48TH AVENUE, Vancouver, BC V6M 2N5

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MLS® Pricing History

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Jeffrey Tseng

Jeffrey Tseng

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Sold Price:	$780,000
Sold Date:	-
Maint. Fee:	-
Bedrooms:	2
Bathrooms:	2
Floor Area:	1,650 sqft
Price / SqFt:	-
Age:	-
Land Size:	-
Days on Market:	21
MLS® Number:	34567890
Distance:	-