4 bed
2 bath
1,511 sqft
Single Family Residence
Built in 1949
3,696 sqft lot
3 parking
Freehold NonStrata
RM-8 zone
Public remarks
RENOVATE, REBUILD, or REDEVELOP. This 1511sf home sits on the west side of Ontario St, on a quiet block, bordered on all 4 sides by tree-lined residential streets. Perfect to renovate or re-build on its own, but the 3696sf lot also offers terrific potential for land assembly together w/3 neighbouring parcels, creating a neatly-packaged gently-sloping 4-parcel grouping (totalling almost 15,000sf), ideal for a manageable-sized multi-family or TH development. Conveniently located a short walk fr Marine Dr Skytrain, Langara College, extensive shopping & parks, + amazing access to YVR, Hwy 99 & 91, & downtown. This 33'x112' property is RM-8 zoned, but has the potential & precedent to achieve 1.2+ FSR (subject to application & city approval). Great value for this Westside address.
Private remarks
Land-value only. This home needs significant TLC & clean up, & is being sold in as-is where-is condition. No oil tank - certificate in documents. Unauthorized 2 bdrm suite down. Inquire about potential land assembly - two of four parcels currently listed on MLS (7965 Ontario - R2913163). Other two not listed, but have realtors & are willing to entertain offers. See docs for zoning bylaw & addit'l land use density allowances from Marpole OCP. Please do not walk on property.
Buyer agency compensation
3.255% on the 1st $100,000 + 1.1625% on the balance
$1,799,000 ($1,190/sqft)
Active
Listed
02/28/2025
Expiry date
Original price
Gross taxes (2024)
$8,137.42
Property transfer tax
$33,980.00
Last Updated: 03/04/2025 10:12 PM
Courtesy of Oakwyn Realty Ltd.
Address | MLS® | Changed | List date | Status | List price | Close price | List agent | List office |
---|---|---|---|---|---|---|---|---|
7931 Ontario Street | R2972033 | 03/04/2025 10:12 PM | 02/28/2025 | Active | $1,799,000 | Login to view | Mike Kennedy | Oakwyn Realty Ltd. |
7931 Ontario Street | R2932540 | 02/28/2025 04:42 PM | 10/01/2024 | Terminated | $1,999,000 | Login to view | Oakwyn Realty Ltd. |