5 bed
2 bath
2,632 sqft
Single Family Residence
Built in 1972
13,495 sqft lot
Freehold NonStrata
Public remarks
Exceptional Development Opportunity on a 13,500 sq. ft. Lot with MULTIPLE OPTIONS!!! This property offers 2,632 square feet of living space and presents an incredible opportunity for developers, investors, or homeowners looking for short or long-term potential. The property is zoned RSM/M (Small-Scale Multi-Unit Housing), which allows for up to 6 units of redevelopment with a total developable area of 6,400 square feet. Alternatively, there is excellent subdivision potential, as the property can be divided into two single-family lots either equally down the middle to create two 55’ by 122’ lots, or in a custom configuration, where one lot is wider than the other. Furthermore, one could keep the current home and add additional dwellings! All are Attractive Options!!!
Private remarks
Property qualifies for up to 6 units because it is within 400m of a prescribed bus loop, #410 on Westminster HWY is on a prescribed bus loop.
Buyer agency compensation
1%
$2,000,000 ($759/sqft)
Active
Listed
01/31/2025
Expiry date
Original price
Gross taxes (2024)
$5,908.99
Property transfer tax
$38,000.00
Last Updated: 02/03/2025 09:33 AM
Courtesy of Macdonald Commercial Real Estate Services Ltd.
| Address | MLS® | Changed | List date | Status | List price | Close price | List agent | List office |
|---|---|---|---|---|---|---|---|---|
| 22611 Gilley Road | R2962115 | 02/03/2025 09:33 AM | 01/31/2025 | Active | $2,000,000 | Login to view | Allen Liaw PREC* | Macdonald Commercial Real Estate Services Ltd. |