507 E 1ST STREET
Attention builders and investors, this is a huge development opportunity in lower Lonsdale. Recently rezoned to RESIDENTIAL LEVEL 4B WITH A 1.25 FSR (additional density bonuses up to 1.55 FSR may be available), to permit a range of housing types including apartments or townhouses to be built on this lot. This is a prime corner lot on East 1st and St Davids, with city and ocean views from 3rd floors or roof top decks. Existing house in great shape, with updates, fully suited downstairs and easy rental potential. The entire neighbourhood is being redeveloped into a seaside community mix of condos and townhouses with green spaces. Please contact listing agent for additional zoning documents and building information.
Represented the buyer on this transaction.
|507 E 1ST STREET|
|1 1/2 Storey|
|Sotheby's Int'l Realty Canada|
|Central Location, Recreation Nearby, Shopping Nearby|
|ClthWsh/ Dryr/ Frdg/ Stve/ DW|