An exceptional opportunity to acquire three consecutive 50' x 125' lots located within the Broadway Corridor Plan, offering immense development potential. The properties, located at 314 West 12th & 324 West 12th Avenue are currently held as long-term investment properties with outstanding tenants. Located just a block from city hall and 2 blocks from Cambie Village these A-1 located properties have excellent Development Potential: The Broadway Corridor Development Plan allows for significant redevelopment possibilities on this site. With the approval of the City of Vancouver, there is potential to construct an impressive 5.5 Floor Space Ratio (FSR) 18-story tower spanning over 100,000 square feet with impressive views of downtown, mountains and ocean.
| Address |
314 W 12TH AVENUE |
| List Price |
$4,498,000 |
| Property Type |
Residential Detached |
| Type of Dwelling |
House/Single Family |
| Style of Home |
2 Storey w/Bsmt. |
| Area |
Vancouver West |
| Sub-Area |
Mount Pleasant VW |
| Bedrooms |
4 |
| Bathrooms |
3 |
| Floor Area |
2,326 Sq. Ft. |
| Lot Size |
6250 Sq. Ft. |
| Year Built |
1910 |
| MLS® Number |
R2872831 |
| Listing Brokerage |
RE/MAX Select Properties
| RE/MAX Crest Realty
|
| Basement Area |
Full |
| Postal Code |
V5Y 1V2 |
| Zoning |
RT-6 |
| Tax Year |
2022 |
| Site Influences |
Central Location, Lane Access, Private Setting, Private Yard, Recreation Nearby, Shopping Nearby |
| Features |
ClthWsh/Dryr/Frdg/Stve/DW |
| Amenities |
In Suite Laundry, Storage |
