Exceptional investment opportunity with significant future redevelopment potential. Situated on a 3,828 sq. ft. lot directly abutting Nanaimo SkyTrain Station and bus loop, the property falls within BC's Transit Oriented Areas, permitting a minimum 20 storeys and 5.0 FSR (up to 5.5 FSR permitted by the City of Vancouver). The existing home offers 5 bedrooms and 4 bathrooms over two levels plus basement, providing an excellent rental investment and holding opportunity. Potential to assemble with neighbouring 2474 E 24th Avenue for an enhanced redevelopment opportunity. Please do not disturb tenants.
Listed by Engel & Volkers Vancouver/Engel & Volkers Vancouver (Branch).
Brought to you by your friendly REALTORS® through the MLS® System, courtesy of Josh Mulherin for your convenience.
Disclaimer: 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.
| MLS®: | R3163555 |
| Type: | House |
| Bedrooms: | 4 |
| Bathrooms: | 4 |
| Square Feet: | 2,425 sqft |
| Lot Size: | 3,828 sqft |
| Frontage: | 33.00 ft |
| Full Baths: | 4 |
| Half Baths: | 0 |
| Taxes: | $7991.59 |
| Basement: | Full |
| Storeys: | 2 storeys |
| Year Built: | 1927 |