5 bed
4 bath
2,425 sqft
Single Family Residence
Built in 1927
3,920 sqft lot
0 parking
Freehold NonStrata
CD-1 zone
Public remarks
LAND ASSEMBLY – Transit-Oriented investment opportunity in a prime location adjacent to Nanaimo Skytrain Station. Buy now and hold for future high-rise redevelopment. Recently announced, Bill 47 (Transit-Oriented Areas) has designated the subject properties for a condo tower at a minimum height of 20 storeys and minimum density of 5.5 FSR. Additionally, the recently adopted Vancouver Plan, designates the Nanaimo Station area as a “Rapid Transit Area” with a potential for residential towers up to 25 storeys. Four lots - 2474 24th Ave & 4011, 4029, 4035 Kamloops Street to be sold together. This site is within close proximity to Trout Lake Park and Community Centre, and conveniently located only 8 minutes from downtown via the Expo Line. Please do not walk on the properties.
Private remarks
LAND ASSEMBLY/INVESTMENT OPPORTUNITY - 4 lots - 2474 24th Ave & 4011, 4029, 4035 Kamloops Street to be sold together. TOD land, adjacent to Nanaimo Station. Potential for future high-density. Lot size, age, development potential and all measurements are approximate and should be verified by the buyer. Sold as-is.
Cooperating commission
1% of the purchase price
$2,280,000 ($940/sqft)
Active
Expiry date
Original price
Gross taxes (2023)
$6,434.81
Property transfer tax
$46,400.00
Last Updated: 09/11/2024 03:57 PM
Courtesy of Oakwyn Realty Ltd.
| Address | MLS® | Changed | List date | Status | List price | Close price | List agent | List office |
|---|---|---|---|---|---|---|---|---|
| 4011 Kamloops Street | R2924610 | 09/11/2024 03:57 PM | 09/11/2024 | Active | $2,280,000 | Login to view | Jamie Wallace PREC* | Oakwyn Realty Ltd. |
| 4011 Kamloops Street | R2884750 | 08/21/2024 01:34 AM | 05/20/2024 | Expired | $2,280,000 | Login to view | Oakwyn Realty Ltd. | |
| 4011 Kamloops Street | R2851396 | 05/17/2024 03:50 PM | 02/20/2024 | Terminated | $2,280,000 | Login to view | Oakwyn Realty Ltd. |