About This Property
LAND ASSEMBLY - A prime transit-oriented development opportunity within the Lynn Creek Town Centre and TOA Area, with rezoning potential up to 8 storeys and 3.0 FSR. Four adjacent properties are available for a potential 6-lot assembly totalling 24,149 sq.ft. Redevelop to strata or purpose-built rental development, backed by a proven track record of successful redevelopments in the immediate area. Perfectly positioned just blocks from Phibbs Exchange, with seamless access to transit, the new Lynn Creek Community Centre, and an extensive network of nearby dog walking trails. Please do not disturb tenants or walk on property. (id:64973)
At $967 per square foot, this property in North Vancouver is priced at a significant premium compared to the city's current median of $745 per square foot. However, the potential for rezoning and redevelopment as a transit-oriented project makes it an attractive opportunity for savvy developers seeking to capitalize on the area's growth and proximity to public transportation. This listing is best suited for experienced real estate investors or developers who can navigate the complexities of land assembly and the rezoning process, as the property's value lies in its future development potential rather than its current single-family home configuration.
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