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.
Represented the buyer on this transaction.
Address
507 E 1ST STREET
List Price
$2,688,000
Property Type
Residential Detached
Type of Dwelling
House/Single Family
Style of Home
1 1/2 Storey
Area
North Vancouver
Sub-Area
Lower Lonsdale
Bedrooms
4
Bathrooms
2
Floor Area
2,378 Sq. Ft.
Lot Size
6000 Sq. Ft.
Year Built
1960
MLS® Number
R2144406
Listing Brokerage
Sotheby's Int'l Realty Canada
Basement Area
Partly Finished
Postal Code
V7L 1C1
Tax Amount
$3,355.00
Tax Year
2016
Site Influences
Central Location, Recreation Nearby, Shopping Nearby
Features
ClthWsh/Dryr/Frdg/Stve/DW