50 E 12th Avenue, Vancouver Listing #: R2312555

$2,800,000
4 Beds
3 Baths
2,236 Sqft
4,059 Lot SqFt
1908 Built


Attention Builders and Investors! Property with SUPERB redevelopment potential. Less than 2 blocks West of Main Street - and already zoned RM-4N (medium density multi-family) Within the Broadway Skytrain Planning Corridor, and less than 350 meters from proposed 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 - re-develop this lot by transforming the existing house into a Multiple Conversion Dwelling plus an Infill Building. It's already been done on this block. Alternatively, hold the property until the Broadway planning process is complete for higher densities - strong land assembly possibility. Very livable house.
Taxes (2018): $5,101.04
Features
  • Clothes Washer
  • Dryer
  • Drapes
  • Window Coverings
  • Refrigerator
  • Stove
Site Influences
  • Central Location
  • Lane Access
  • Paved Road
  • Shopping Nearby

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MLS Reciprocity

Listed By: Sutton Group-West Coast Realty

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