Mid-Rise Development Site
North Vancouver, British Columbia
Project Status: Current
Personal Real Estate Corporation
Sitings Realty Ltd.
Unique opportunity to acquire 3 ideally located lots in Lower Lonsdale situated on just over 12,000 square feet of land. Endless possibilities… renovate and live, hold and collect excellent rental income ($146,100 annual gross rental income across 3 lots), or assemble properties and redevelop under the 2014 City of North Vancouver Official Community Plan. All properties are currently zoned RT-1 and have an OCP Designation of Residential Level 5 (Medium Density up to 6 stories) with a maximum density of 2.6FSR (1.60 base with a potential bonus density of 1.0 FSR). Future redevelopment would give the potential for upper floor South facing views of Vancouver Harbour.
Amenity abundant area with retail, restaurants/breweries, recreation & transit nearby – within walking distance of major public transportation routes on 3rd Street, Lonsdale Avenue and the Seabus located at Lonsdale Quay for quick access into Downtown Vancouver.
Prospective purchasers are invited to submit Offers to Purchase the Property through Sitings Realty for consideration by the Vendors. All three (3) lots must be purchased together.