50 E 12th Avenue, Vancouver Listing #: R2398428

$2,400,000
4 Beds
3 Baths
2,236 Sqft
4,059 Lot SqFt
1908 Built


Attention Builders and Investors! SUPERB redevelopment potential. Less than 2 blocks West from Main Street and already zoned RM-4N (medium density multi-family) Land Assembly possible with 3 adjacent properties. Within the Broadway Skytrain Planning Corridor and less than 350 meters from a Skytrain station at Broadway and Main. The City considers higher densities within 350 meters. Conditional approval in RM-4N permits redevelopment up to 1.45 FSR plus HRA bonus - re develope this lot by transforming the existing house into a Multiple Conversion Dwelling plus an infill Building: it's already been done on this block. Alternately, hold the property until the Broadway planning process is complete for possible higher densities. Land assembly opportunity: 3 very livable houses.
Taxes (2019): $6,251.44
Features
  • Clothes Washer
  • Dryer
  • Drapes
  • Window Coverings
  • Refrigerator
  • Stove
Site Influences
  • Central Location
  • Lane Access
  • Paved Road
  • Shopping Nearby

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Sotheby's International Realty Canada

MLS Reciprocity

Listed By: Sutton Group-West Coast Realty

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