Don’t miss this rare investment opportunity in Vancouver’s sought-after Killarney neighbourhood – this extra-large 10,977 SF lot (50 x 219.55) with back lane access offers prime redevelopment potential under R1-1 zoning with maximum FSR 1.0. This is an exceptional opportunity for developers and investors looking to build a multiplex (housing options include multiplex up to 6 dwelling units, or up to 8 rental dwelling units), duplex, or a single detached home. The existing 3 Bed, 2.5 Bath home spans 2,584 SF with a functional layout and spacious basement with recreation room, making it an excellent holding property with rental income potential, with a highly desirable location close to schools, shopping, and transit. (*Buyer to confirm redevelopment regulations with City of Vancouver.)
Address
2235 E 49th Avenue
List Price
$3,590,000
Property Type
Residential
Type of Dwelling
Single Family Residence
Style of Home
Rancher/Bungalow w/Bsmt.
Structure Type
Residential Detached
Area
Vancouver East
Sub-Area
Killarney VE
Bedrooms
3
Bathrooms
3
Half Bathrooms
1
Floor Area
2,584 Sq. Ft.
Main Floor Area
1360
Lot Size
10977.5 Sq. Ft.
Lot Size Dimensions
50 x 219.55
Lot Size (Acres)
0.25 Ac.
Lot Features
Near Golf Course, Recreation Nearby
Lot Size Units
Square Feet
Total Building Area
2584
Frontage Length
50
Year Built
1970
MLS® Number
R3018780
Listing Brokerage
RE/MAX Select Properties
Basement Area
Partially Finished
Postal Code
V5P 1T9
Zoning
R1-1
Ownership
Freehold NonStrata
Parking
Garage Double, Lane Access, Rear Access
Parking Places (Total)
2
Tax Amount
$9,767.47
Tax Year
2024
Site Influences
Near Golf Course, Recreation Nearby, Shopping Nearby
Community Features
Shopping Nearby
Appliances
Washer/Dryer, Dishwasher, Refrigerator, Stove
Board Or Association
Greater Vancouver
Heating
Yes
Heat Type
Forced Air, Natural Gas
Garage
Yes
Garage Spaces
2
Number Of Floors In Property
2