3192 W 8th Avenue, Vancouver

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MLS®: R2926056

$3,100,000

1897 Sq.Ft. 1 Baths 5 Beds 4,840 Lot SqFt 1924 Built

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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 or apply for larger density home.

Taxes (2024): $10,515.80