50 E 12th Avenue, Vancouver, BC V5T 2G5

$2,388,000
4
BD
3
BA
2,599
SqFt
List Price
$2,388,000
Status
ACTIVE
MLS® #
R2530623
Days on Market
40
Year Built
1909
Dwelling Type
House/Single Family
Style
2 Storey w/Bsmt.
Stories
2
Bedrooms
4
Total baths
3
Half baths
1
Living Area
2,599
Area
Vancouver East
Community
Mount Pleasant VE

Property Description

Attention Builders and Investors! Very solid and livable 1909 house with SUPERB development options and location - less than 2 blocks West from Main Street, less than 350 metres from future Skytrain station at Broadway and Main (Council considers higher densities within 350 metres). Already zoned RM-4N (medium density multi-family) - Conditional approval permits redevelopment up to 1.45 FSR plus HRA bonus. Redevelop by transforming the existing house into a multiple Conversion Dwelling plus an infill Building to get 3 or 4 strata titled units: it's already been done on this block. Alternately, hold the property until the Broadway planning process is complete for possible higher densities. Land assembly potential also. Call for details!

Additional Information

Lot Size
4,059
Site Influences
Central Location, Lane Access, Paved Road, Recreation Nearby, Shopping Nearby
Acres
0.09
Fireplaces
1
Basement Description
Partly Finished, Separate Entry
Features
Clothes Washer/Dryer, Drapes/Window Coverings, Refrigerator, Stove
Region
Vancouver East
Title To Land
Freehold NonStrata
Gross Taxes
5848.39
Tax Year
2020
Frontage
33
Depth
123

Mortgage Calculator

Amount of Loan
Annual Interest Rate
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Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of Saba Realty Ltd.

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NOTE: This representation is based in whole or in part on data generated by the Chilliwack & District Real Estate Board, Fraser Valley Real Estate Board or Real Estate Board of Greater Vancouver which assumes no responsibility for its accuracy.