50 E 12th Avenue, Vancouver Listing #: R2530623

$2,388,000
4 Beds
3 Baths
2,599 Sqft
4,059 Lot SqFt
1909 Built


Attention Builders and Investors! Very solid and livable 1909 house (metal roof) with SUPERB development options and location - less than 2 blocks West from Main Street, less than 350 metres from future Skytrain station at Broadway and Main (Council considers higher densities within 350 metres). Already zoned RM-4N (medium density multi-family) - Conditional approval permits redevelopment up to 1.45 FSR plus HRA bonus. Redevelop by transforming the existing house into a multiple Conversion Dwelling plus an infill Building to get 3 or 4 strata titled units: it's already been done on this block. Alternately, hold the property until the Broadway planning process is complete for possible higher densities.
Taxes (2020): $5,848.39
Features
  • Clothes Washer
  • Dryer
  • Drapes
  • Window Coverings
  • Refrigerator
  • Stove
Site Influences
  • Central Location
  • Lane Access
  • Paved Road
  • Recreation Nearby
  • Shopping Nearby

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MLS Reciprocity

Listed By: Saba Realty Ltd.

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