750 48TH Avenue, Vancouver, British Columbia V5Z 2R9
$3,198,000
- 6 bedrooms
- 4 bathrooms
- 4,431 Square Feet
Massive price reduction. $273k below BC Assessment. Exceptional development opportunity in Vancouver's prestigious Oakridge neighbourhood. This rare 62' x 125' (approx. 7,800 SF) south-facing property is designated Residential Low-Rise under the Oakridge Plan and offers potential for subdivision, multiplex development, and future low-rise redevelopment of approximately 6 to 8 storeys (buyer to verify with the City of Vancouver). The existing 4,700+ sq.ft. home provides strong holding income while redevelopment plans are pursued. An additional advantage is that the neighbouring property may also be available for purchase, creating a compelling land ... read more
Massive price reduction. $273k below BC Assessment. Exceptional development opportunity in Vancouver's prestigious Oakridge neighbourhood. This rare 62' x 125' (approx. 7,800 SF) south-facing property is designated Residential Low-Rise under the Oakridge Plan and offers potential for subdivision, multiplex development, and future low-rise redevelopment of approximately 6 to 8 storeys (buyer to verify with the City of Vancouver). The existing 4,700+ sq.ft. home provides strong holding income while redevelopment plans are pursued. An additional advantage is that the neighbouring property may also be available for purchase, creating a compelling land assembly opportunity with expanded frontage and enhanced future development potential. The primary image is a conceptual multiplex rendering. (id:39198)
- Listing ID: R3133167
- Property Type: Single Family
- Year Built: 1963
| Property | |
|---|---|
| Ownership: | Freehold |
| Lot Size: | 7800 Sqft |
| Parking: | Garage 2 Spaces |
| Building | |
|---|---|
| Type: | Single Family House |
| HVAC: | Fireplace Electric |
| Basement: | Unknown (Finished) |
| Location | |
|---|---|
| Town: | Vancouver |
| Province: | British Columbia |
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