House for sale
5942 Wales Street, Killarney VE, Vancouver
$1,998,800
Features
Style
2 Storey
Year Built
1942
Floor Area
1,422 sqft
Lot Size
5,640 sqft
Lot Frontage
44 ft
Parking Spaces
4
Property Taxes
$7,506 (2023)
Description
Presenting 5942 Wales Street, a prime development site located in the thriving Killarney neighborhood of Vancouver. This property is an excellent opportunity for builders and developers looking to capitalize on the benefits of R1-1 zoning in a highly desirable area. The property features a generous lot of over 5600 square feet, providing ample space for a creative and lucrative development project. With the new R1-1 zoning, this site allows for various residential options, including single-family homes with secondary suites, duplexes, or potentially a small multi-unit residential building, subject to city approval. The site currently houses a well-maintained 4 bedroom, 1 bathroom home that can be utilized as a rental property during the planning and development phases, offering a potential revenue stream. The Peak of Killarney offers views to the south east from the top floors gives builders a unique opportunity to provide an unparalleled outdoor experience from upper or roof top decks.
MLS® Number R2875628
Price History
Date | Status | Price |
---|---|---|
May, 08, 2014 | Sold | $976,400 |