314 W 12TH Avenue
Mount Pleasant VW Vancouver V5Y 1V2

$4,498,000
Land Commercial

Main Photo: 314 W 12TH Avenue in Vancouver: Mount Pleasant VW Land Commercial for sale (Vancouver West)  : MLS®# C8059425
Photo 1: 314 W 12TH Avenue in Vancouver: Mount Pleasant VW Land Commercial for sale (Vancouver West)  : MLS®# C8059425
Photo 2: 314 W 12TH Avenue in Vancouver: Mount Pleasant VW Land Commercial for sale (Vancouver West)  : MLS®# C8059425
Photo 3: 314 W 12TH Avenue in Vancouver: Mount Pleasant VW Land Commercial for sale (Vancouver West)  : MLS®# C8059425
Photo 4: 314 W 12TH Avenue in Vancouver: Mount Pleasant VW Land Commercial for sale (Vancouver West)  : MLS®# C8059425
Photo 5: 314 W 12TH Avenue in Vancouver: Mount Pleasant VW Land Commercial for sale (Vancouver West)  : MLS®# C8059425
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Photo 13: 314 W 12TH Avenue in Vancouver: Mount Pleasant VW Land Commercial for sale (Vancouver West)  : MLS®# C8059425
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Photo 17: 314 W 12TH Avenue in Vancouver: Mount Pleasant VW Land Commercial for sale (Vancouver West)  : MLS®# C8059425
Photo 18: 314 W 12TH Avenue in Vancouver: Mount Pleasant VW Land Commercial for sale (Vancouver West)  : MLS®# C8059425
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Photo 21: 314 W 12TH Avenue in Vancouver: Mount Pleasant VW Land Commercial for sale (Vancouver West)  : MLS®# C8059425
Status:
Active
Prop. Type:
Land Commercial
MLS® Num:
C8059425
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.
Sale Type:
Asset
Year built:
1944 (Age: 80)
Total Floor Area:
1,645 sq. ft.
Main Floor Area:
1,645 sq. ft.
Lot Area:
6,250 sq. ft.
Acres Freehold:
6,098.4 sq. ft.
Lot Depth:
125
Lot Frontage:
50'
Land Use/Zoning:
RT-6
Permitted Use:
Multifamily (5+), Residential
Taxes:
$7,293.49 / 2023
Services Connected:
Electricity, Garbage Collection, Lane, Lane Paved, Paved Streets
Water Supply:
Municipal
Sewer Septic:
Municipal/Community
Potential to Redevelop:
No
Env Assmt Phase:
Not Applicable
Original Price:
$4,498,000
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Listed by RE/MAX Select Properties and RE/MAX Crest Realty
Data was last updated May 19, 2024 at 08:10 PM (UTC)
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