Commercial Land for sale
4029 Kamloops Street, Renfrew Heights, Vancouver
$2,280,000
Features
Year Built
1911
Lot Size
3,828 sqft
Gross Property Tax
$6,043.45 /year
Zoning
CD-1
Subject Property Width
33 ft
Subject Property Depth
116 ft
Permitted Land Use
Multifamily (5+), Residential
Water Supply
Municipal
Sewer/Septic
Municipal/Community
Description
LAND ASSEMBLY – Transit-Oriented investment opportunity in a prime location adjacent to Nanaimo Skytrain Station. Buy now and hold for future high-rise redevelopment. Recently announced, Bill 47 (Transit-Oriented Areas) will designate the subject properties for a condo tower at a minimum height of 20 storeys and minimum density of 5 FSR. Additionally, the recently adopted Vancouver Plan, designates the Nanaimo Station area as a “Rapid Transit Area” with a potential for residential towers up to 25 storeys. Four lots - 2474 24th Ave & 4011, 4029, 4035 Kamloops Street to be sold together. This site is within close proximity to Trout Lake Park and Community Centre, and conveniently located only 8 minutes from downtown via the Expo Line. Please do not walk on the properties.
MLS® Number C8057750