$1,598,000
Bedrooms
5
Bathrooms
3
Living area
2,370 sqft
Year built
1983
Parking
2
Type
House
Neighbourhood
Kensington-Cedar Cottage
Days on market
38
About this property
Exceptional investment opportunity with significant future redevelopment potential. Situated on a 3,828 sq. ft. lot directly abutting the Nanaimo SkyTrain Station and bus loop, the property falls within 200 metres of BC's Transit Oriented Areas, permitting a minimum 20 storeys and 5.0 FSR (up to 5.5 FSR permitted by the City of Vancouver) The property may also be assembled with the neighbouring property at 4011 Kamloops Street, creating an enhanced future redevelopment opportunity. The existing home offers just under 2,400 sq. ft. over two levels, with 5 bedrooms and 3 bathrooms. An excellent opportunity to live in or hold as a rental investment while benefiting from the certainty of substantial future development potential in a highly transit-oriented area. (id:65008)
Location
Listing data supplied by CREA's Data Distribution Facility (DDF®). REALTOR®, MLS® and associated logos are trademarks of The Canadian Real Estate Association.