5 bed
3 bath
2,239 sqft
Single Family Residence
Built in 1910
3,920 sqft lot
2 parking
1 fireplace
Freehold NonStrata
RM-11N zone
Public remarks
**Investor : Developer** Opportunity to acquire two high exposure full city lots 1329/1335 as part of a land assembly with the possible addition of two other lots situated on the Northeast corner of E 12th Ave and Clark Drive in Vancouver. Great location for a Nonprofit or fully rental opportunity aligning with the cities desire to increase housing stock. The subject property’s sit in the Grandview-Woodland Community Plan and are already zoned RM-11N Multiple Dwelling, allows for residential buildings up to 4 levels (up to 1.7 FSR). There is potential for increased density up to 6 levels based upon usage and guidance from the city (up to 3.0 FSR). Currently tenanted with good passive income. Please don't walk the property. Contact the listing agent for more information.
Private remarks
Currently two lots 1329/1335 Zoned RM 11N with potential to add two more lots. Check Grandview-Woodland Community Plan for more information on opportunities to increase FSR. Or send me a request for zoning information and current building allowance with 3 lots. Limited access to listing, realtor can explain. Current rental income $50,000+ per annum.
Cooperating commission
3% on the first $100,000 + 1% on the balance
$2,350,000 ($1,049/sqft)
Active
Expiry date
Original price
Gross taxes (2022)
$6,527.35
Property transfer tax
$48,500.00
Last Updated: 08/07/2024 05:36 PM
Courtesy of Oakwyn Realty Ltd.
| Address | MLS® | Changed | List date | Status | List price | Close price | List agent | List office |
|---|---|---|---|---|---|---|---|---|
| 1329 12th Avenue | R2913172 | 08/07/2024 05:36 PM | 08/07/2024 | Active | $2,350,000 | Login to view | Leah James | Oakwyn Realty Ltd. |
| 1329 12th Avenue | R2797420 | 08/01/2024 01:19 AM | 07/12/2023 | Expired | $2,350,000 | Login to view | Oakwyn Realty Ltd. |