6,100 ft²Land / Multifamily / Other$3,099,000Sale
6,100 ft²
Land / Multifamily / Other
$3,099,000
Sale
Harvey FarhadKhani
Coldwell Banker Prestige Realty
PRIME Arbutus Land Opportunity. This home sits on 50 x 122 lot with R1-1 zoning and is currently rented. Its highest potential lies in redevelopment to single family house or side by side duplex. Potential for up to 6 units to be built. Ideal choice for families with its proximity to all age ranges schools, parks, shop, transit and UBC. Zoning R1-1 Intent: The intent of this Residential Inclusive district schedule is to enable a variety of small-scale housing options while retaining the single lot character of the area. Housing options include multiple dwellings (“multiplex” up to 6 dwelling units, or up to 8 rental dwelling units), duplexes and single detached houses. Duplexes and single detached houses may include additional dwelling units such as secondary suites, lock-off units and laneway houses. Retention of character houses is encouraged by permitting infill and multiple conversion dwellings where a character house is retained.
The Property
Asking Price$3,099,000
Available Space6,100 ft²
NegotiableYes
Net Operating Income$54000
Property UseInvestment property / Multi family / Single family
ZoningR1-1
Frontage50'0"
SourceDirect
The Lot - Arbutus
PRIME Arbutus Land Opportunity. This home sits on 50 x 122 lot with R1-1 zoning and is currently rented. Its highest potential lies in redevelopment to single family house or side by side duplex. Potential for up to 6 units to be built. Ideal choice for families with its proximity to all age ranges schools, parks, shop, transit and UBC. Zoning R1-1 Intent: The intent of this Residential Inclusive district schedule is to enable a variety of small-scale housing options while retaining the single lot character of the area. Housing options include multiple dwellings (“multiplex” up to 6 dwelling units, or up to 8 rental dwelling units), duplexes and single detached houses. Duplexes and single detached houses may include additional dwelling units such as secondary suites, lock-off units and laneway houses. Retention of character houses is encouraged by permitting infill and multiple conversion dwellings where a character house is retained.
Property TypeLand / Multifamily / Other
Building Size1,990 ft²
Lot Size6,100 ft²
ZoningR1-1
Frontage50'0"
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