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2669 Vanness Avenue presents a strong holding and redevelopment opportunity in Vancouver, B.C. The property sits on a 9,308 SF lot and offers the potential to assemble with the neighbouring property at 2675 Vanness Avenue (10,184 SF), creating a combined site of approximately 19,492 SF. The site falls within a Transit Oriented Development (TOD) Tier 2 area, permitting density up to 4.0 FAR and building heights up to 12 storeys, making it well suited for future high-density residential development. (id:64973)
The $924 per square foot price tag for this 3,097-square-foot vacant lot in Vancouver's Kensington-Cedar Cottage neighborhood is slightly above the city's current average of $825 per square foot for similar properties. However, the potential to assemble with the neighboring lot and develop a high-density residential project within the Transit Oriented Development zone makes this an attractive proposition for experienced real estate investors and developers seeking to capitalize on the area's growth potential.
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Rose Marie Manno is a 5-star rated REALTOR® serving Metro Vancouver & the Fraser Valley.
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