13,788 sqft lot
Freehold NonStrata
RM-3 zone
Public remarks
13,788 sq ft, zoned RM-3 presents an exceptional opportunity for high-density residential development, allowing for a base floor space ratio (FSR) of 1.2 times the lot area, w/ potential for a minimum of 5 storeys & up to 12 storeys. This flexible zoning is ideal for developers looking to create vibrant, community-focused apartment or townhouse projects that maximize both space & value. The property offers great potential for rezoning, providing an opportunity to increase density & unlock even greater value for a high-impact development. This area is an up-and-coming community w/ rapid growth & a thriving local economy, making it an excellent location for investment. With its proximity to Vancouver & stunning natural surroundings, the region offers tremendous potential for developers.
Private remarks
***Privacy protected - Do not solicit*** Measurement from BC Assessment and agent. Second legal is LOT 5, PLAN NWP11291, DISTRICT LOT 397, GROUP 1, NEW WESTMINSTER LAND DISTRICT and PID 000-578-177
Buyer agency compensation
3.255% of the first $100,000 + 1.1625% of the balance
$3,199,900
Active
Listed
01/23/2025
Expiry date
Original price
Gross taxes (2024)
$8,877.57
Property transfer tax
$77,995.00
Last Updated: 02/10/2025 03:13 PM
Courtesy of RE/MAX LIFESTYLES REALTY
Address | MLS® | Changed | List date | Status | List price | Close price | List agent | List office |
---|---|---|---|---|---|---|---|---|
11941 11951 222 Street | R2959955 | 02/10/2025 03:13 PM | 01/23/2025 | Active | $3,199,900 | Login to view | Ron Antalek PREC* | RE/MAX LIFESTYLES REALTY |