New

Exceptional Investment Opportunity

CA$1,598,000
  • 5 Rooms
  • 3 Bathrooms
  • ~220 m² Total surface
  • ~220 m² Living area
  • Construction year 1983

Description

Exceptional investment opportunity with significant future redevelopment potential. Situated on a 3,828 sq. ft. lot directly abutting the Nanaimo SkyTrain Station and bus loop, the property falls within 200 metres of 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 property may also be assembled with the neighbouring property at 4011 Kamloops Street, creating an enhanced future redevelopment opportunity. The existing home offers just under 2,400 sq. ft. over two levels, with 5 bedrooms and 3 bathrooms. An excellent opportunity to live in or hold as a rental investment while benefiting from the certainty of substantial future development potential in a highly transit-oriented area.
Features
Garage
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Engel & Völkers Vancouver

Your advisor: Anish Somani

Property ID: AM-5533228

Property details
  • Object type

    Detached house

  • Rooms

    5

  • Bathrooms

    3

  • Parking spaces

    2

  • Total surface

    ~220 m²

  • Living area

    ~220 m²

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