5 bed
2 bath
1,899 sqft
Single Family Residence
Built in 1924
4,840 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. Seller wants refundable deposit all accepted offers and deposit to become non refundable once all conditions met. The measurements approximate & to be verified by buyers/ buyers agents if deemed necessary. Realtor measured.
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: 03/21/2025 02:07 PM
Courtesy of Team 3000 Realty Ltd.
| Address | MLS® | Changed | List date | Status | List price | Close price | List agent | List office |
|---|---|---|---|---|---|---|---|---|
| 3192 8th Avenue | R2963265 | 03/21/2025 02:07 PM | 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. |