Aerial view of a suburban neighborhood with houses, a transit station, and a distant city skyline under a cloudy sky. [AI-generated text]

Exceptional Investment Opportunity

CA$1,558,000~€974,818

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

Engel & Völkers Vancouver

+1 778 374 3100

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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