About This Property
Rare SOUTH CORNER Lot in Prestigious Arbutus located on one of Vancouver´s beautiful CHERRY blossom streets. Well-maintained LUXURY home offers abundant natural light and a sunny south-facing backyard. Valuable corner lot with excellent frontage and abundant parking, ideal for future redevelopment. Under Vancouver´s multiplex zoning, property has potential for up to 6 units (Buyer to verify). A separate-entry basement ideal for mortgage helper or short or long term rental income while holding for future development. Walking distance to Lord Kitchener Elementary and close to Prince of Wales Secondary, parks, shopping and transit. Minutes to Crofton House and St. George´s School. A rare opportunity to own a bright corner property with strong land value and excellent future potential (id:64973)
This property is priced at $1,085 per square foot, which is slightly above the current median price per square foot for single-family homes in Vancouver's Arbutus neighborhood. However, the unique corner lot and potential for redevelopment into a multi-unit property make this an attractive option for developers or investors seeking to maximize the value of the land. Given the property's size, layout, and location in a desirable residential area, this home would be well-suited for large families or those looking to create a customized living space, potentially using the basement as an income-generating rental unit while holding the property for future redevelopment.
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