50 E 12TH AVENUE | Vancouver East - Mount Pleasant VE

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Description

Central Location,Lane Access,Paved Road,Shopping Nearby

Brokerage

Sutton Group-West Coast Realty

Property Details

  • Asking Price: $2,400,000
  • Floor Area: 2236 sq. ft.
  • Gross Taxes: $6,251.44
  • Office Name: Sutton Group-West Coast Realty
  • Property Style: 2 Storey w/Bsmt.
  • Bedrooms: 4
  • Bathrooms: 2
  • Half Bathrooms: 1
  • Basement: Partly Finished,Separate Entry
  • Year Built: 1908
  • Type: Residential Detached
  • Style: House/Single Family

Attention Builders and Investors! SUPERB redevelopment potential. Less than 2 blocks West from Main Street and already zoned RM-4N (medium density multi-family) Land Assembly possible with 3 adjacent properties. Within the Broadway Skytrain Planning Corridor and less than 350 meters from a Skytrain station at Broadway and Main. The City considers higher densities within 350 meters. Conditional approval in RM-4N permits redevelopment up to 1.45 FSR plus HRA bonus - re develope this lot by transforming the existing house into a Multiple Conversion Dwelling plus an infill Building: it's already been done on this block. Alternately, hold the property until the Broadway planning process is complete for possible higher densities. Land assembly opportunity: 3 very livable houses.