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Exceptional Investment Opportunity

CA$1,558,000~€991,971
  • 4 Rooms
  • 4 Bathrooms
  • ~225 m² Total surface
  • ~225 m² Living area
  • Construction year 1927

Description

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.
Features
Basement
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Engel & Völkers Vancouver

Your advisor: Anish Somani

Property ID: AM-5533223

Property details
  • Object type

    Detached house

  • Rooms

    4

  • Bathrooms

    4

  • Total surface

    ~225 m²

  • Living area

    ~225 m²

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