About This Property
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. Open House Saturday March 28 from 2-4pm. (id:64973)
At $730 per square foot, this West Side Vancouver property is competitively priced compared to the city's average of $1,000 per square foot. Investors seeking a redevelopment opportunity in a desirable residential area will find this property attractive, with the potential to convert the existing house into up to eight rental units under the R1-1 multiplex zoning.
Property Details
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