Incredible development opportunity! The entire neighborhood has recently been rezoned to allow multifamily development. This outstanding property is situated in a rapidly evolving neighborhood with new multifamily buildings all around. It is an ideal investment, perfectly positioned to benefit from the ongoing neighborhood revitalization. The property has been well taken care of and the whole existing home, main and below are currently rented to great tenants which brings in good income. It is centrally located with views of city and water, close to Lonsdale Quay and public transit, sea bus to downtown Vancouver, good schools, cafe's and restaurants near by. Don't miss it! Please call for your appointment.
Address
478 E 1st Street
List Price
$2,830,000
Property Type
Residential
Type of Dwelling
Single Family Residence
Structure Type
Residential Detached
Area
North Vancouver
Sub-Area
Lower Lonsdale
Bedrooms
7
Bathrooms
4
Floor Area
1,838 Sq. Ft.
Main Floor Area
919
Lot Size
6005 Sq. Ft.
Lot Size Dimensions
50 x 120.00
Lot Size (Acres)
0.14 Ac.
Lot Size Units
Square Feet
Total Building Area
1838
Frontage Length
50
Year Built
1958
MLS® Number
R2877787
Listing Brokerage
Regent Park Realty Inc.
| RA Realty Alliance Inc.
Basement Area
None
Postal Code
V7L 1B7
Zoning
RG-3
Ownership
Freehold NonStrata
Parking
Open, Rear Access
Tax Amount
$8,457.79
Tax Year
2023
Appliances
Washer/Dryer, Dishwasher, Refrigerator, Cooktop
Board Or Association
Greater Vancouver
Heating
Yes
Heat Type
Forced Air, Natural Gas
Fireplace
Yes
Fireplace Features
Gas
Number of Fireplaces
2
Levels
Two
Number Of Floors In Property
2
View
Yes
View Type
CITY AND WATER