3 bed
1 bath
1,500 sqft
Single Family Residence
Built in 1975
7,623 sqft lot
1 fireplace
Freehold NonStrata
R3 zone
Public remarks
DEVELOPMENT POTENTIAL! A rare investment opportunity awaits in Cloverdale with this 7,600sqft rectangular lot, ideally suited for builders and investors. Capitalize on the existing 3-bedroom rancher, currently rented to reliable tenants at $2,300 per month, providing immediate income while you explore development options. Envision building a new three-level home, or with new SSMUH regulations, a MULTIPLEX and a garden suite (Buyer to do own due diligence). Survey and Engineer's MBE Letter available to aid in your planning. This prime location in a high-demand area offers exceptional possibilities to maximize your investment in Cloverdale's thriving real estate market. Please respect the tenant's privacy; do not disturb.
Private remarks
Source of measurements from Seller. Measurements and square footage are approximate and should be verified if deemed important. No warranties on house or building, land value mainly. All sizes and dimensions measured and provided by Sellers. No signs, do not approach tenants. Property contains accommodation which is not authorized.
Buyer agency compensation
$15,000 + gst
$1,388,800 ($925/sqft)
Active
Listed
02/17/2025
Expiry date
Original price
Gross taxes (2024)
$5,599.68
Property transfer tax
$25,776.00
Last Updated: 03/10/2025 06:26 PM
Courtesy of Westmont Realty Inc.
| Address | MLS® | Changed | List date | Status | List price | Close price | List agent | List office |
|---|---|---|---|---|---|---|---|---|
| 5973 Holstein Street | R2968246 | 03/10/2025 06:26 PM | 02/17/2025 | Active | $1,388,800 | Login to view | Yuvraj Soni | Westmont Realty Inc. |