3192 W 8TH AVENUE, Vancouver | $3,100,000

PRIME KITSILANO CORNER LOT- EXCEPTIONAL DEVELOPMENT OPPORTUNITY. This 44'x110 corner lot is situated in the highly sought after Kitsilano neighborhood, offering a unique opportunely for the developers and investors. Previously zoned under RT -7, which allowed for very low density, the zoning has been updated as of July 1st to align with the requirements of BC government's Bill 44. This revision allows for more flexible development option, including 0.7FSR for a duplex and 1.0 FSR under Multiplex policy, enabling the construction of 3-5 units without character retention requirements. Currently rented for $6000. Tenants are on month to month rental. DP ready for RT-7 if you want to build right away

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Description

PRIME KITSILANO CORNER LOT- EXCEPTIONAL DEVELOPMENT OPPORTUNITY. This 44'x110 corner lot is situated in the highly sought after Kitsilano neighborhood, offering a unique opportunely for the developers and investors. Previously zoned under RT -7, which allowed for very low density, the zoning has been updated as of July 1st to align with the requirements of BC government's Bill 44. This revision allows for more flexible development option, including 0.7FSR for a duplex and 1.0 FSR under Multiplex policy, enabling the construction of 3-5 units without character retention requirements. Currently rented for $6000. Tenants are on month to month rental. DP ready for RT-7 if you want to build right away

General Info

MLS Listing ID: R2926056 Bedrooms: 5 Bathrooms: 1 Year Built: 1924
Parking: Carport Heating: N/A Lotsize: 4840 sqft Air Conditioning : N/A
Home Style: N/A Finished Floor Area: N/A Fireplaces: Smoke Detectors Basement: Full (Unknown)

Amenities/Features

  • Central location
  • Treed

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Disclaimer: E. & O.E. The information contained in this brochure has been obtained from the owner and other sources deemed reliable, but is not guaranteed by Planet Group Realty Inc. or BALJIT KOCHHAR– PREC* . Prospective Buyers should make full independent investigation of all facts of the property, including legal, accounting & taxation, prior to purchase .