- Price
-
$7,490,000Active
- Size
-
2,326 ft²
- Rooms
-
4 bed 3 bath
- Listed
-
4 months
Description
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 and 2811 Alberta Street, 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.
Highlights
- Freehold NonStrata
- Disclosure; Seller does not live in the home
Agent
-
Patrick Weeks PREC*
patrick@rochandweeks.ca • 604-803-9335
RE/MAX Select Properties
Transaction
| Commission | 3.255% ON THE FIRST $100,000 + 1.1625% ON THE BALANCE |
| Expiration Date | 2023-12-30 16:00:00 -0800 |
| Input Date | 2023-07-27 14:10:16 -0700 |
| List Date | 2023-07-25 17:00:00 -0700 |
| List Price | 7490000.0 |
| Original Price | 7490000.0 |
Site
| Lot Depth | 125 |
| Lot Frontage | 50.0 |
| Lot Size | 6250 |
| Parcel Number | 014-565-617 |
| Sewer Type | City/Municipal |
| Title To Land | Freehold NonStrata |
| View Specify | City/Mountains |
| View | Yes |
| Zoning | RT-6 |
| Legal Description | LOT 7, BLOCK I, PLAN VAP1530, DISTRICT LOT 526, NEW WESTMINSTER LAND DISTRICT |
Improvements
| Floor Area Finished Above Main | 760.0 |
| Floor Area Finished Basement | 600.0 |
| Floor Area Finished Main | 966.0 |
| Floor Area Finished Total | 2326.0 |
| Floor Area Grand Total | 2326.0 |
| Parking Places Covered | 1 |
| Parking Places Total | 4 |
| Property Disclosure Statement | Seller does not live in the home |
| Property Disclosure | No |
| Stories | 3 |
| Virtual Tour Url | https://www.dropbox.com/scl/fo/3yqofsz4wvl1iw8zyvsny/h?dl=0&rlkey=1moq4e4vo8ck6m1xv2fqslgbf |
| Year Built | 1910 |
Request information
Ask an eXpert about 314 W 12th Avenue.