5 bed
2 bath
1,899 sqft
Single Family Residence
Built in 1924
4,791 sqft lot
1 parking
1 fireplace
Freehold NonStrata
MCD zone
Public remarks
PRIME KITSILANO CORNER LOT- EXCEPTIONAL DEVELOPMENT OPPORTUNITY. This 44'x110' corner lot in Kitsilano offers a unique chance for developers and investors. Updated zoning from RT-7 to meet BC Government's Bill 44 now allows: 0.70FSR for a duplex or 1.0FSR for 3-5 untis under the multiplex policy. With South facing rear yard, the proerty enjoys abundant natural light . Currently rented for $6500monthly. It offers immediate income during development planning. Located just north of Broadway, within walking distance to shops, restaurants and amenities. Tenants on month to month. This rare opportunity won't last- all offers will be entertained.Future LRT station 300meters from the property on Broadway. See the current by-law for details otherwise solid home to keep.
Private remarks
please text for more information. Property is tenant occupied. Offer will be presented as it comes
Buyer agency compensation
3.22% 1st $100k + 1.1625% balance
$2,590,000 ($1,363/sqft)
Active
Listed
02/03/2025
Expiry date
Original price
Gross taxes (2024)
$10,515.80
Property transfer tax
$55,700.00
Last Updated: 02/10/2025 10:10 AM
Courtesy of Team 3000 Realty Ltd.
Address | MLS® | Changed | List date | Status | List price | Close price | List agent | List office |
---|---|---|---|---|---|---|---|---|
3192 8th Avenue | R2963265 | 02/10/2025 10:10 AM | 02/03/2025 | Active | $2,590,000 | Login to view | Usha Naidu | Team 3000 Realty Ltd. |
3192 8th Avenue | R2926056 | 02/01/2025 12:55 AM | 09/16/2024 | Expired | $2,799,786 | Login to view | Team 3000 Realty Ltd. |