An incredible boutique size development opportunity. Developer Alert! Level 5 Medium Density site! Potential opportunity to build a mid rise 5 storey multi-family rental building with a mix of unit sizes. Build, hold and manage or build and sell a wood frame apartment fully tenanted. OCP shows FSR of 1.6 plus a maximum increase of 1.0 for a total of 2.6 FSR considered if public benefits are provided as per Section 2.2 of the OCP. Include 2 rental units at 10% below market and/or a private daycare. This would be very popular asset to own! Great area, only 1 block to Lonsdale. Centrally located, super convenient to stores, public transportation and schools. No need for cars here!
Disclaimer: Listing data is based in whole or in part on data generated by the Real Estate Board of Greater Vancouver and Fraser Valley Real Estate Board which assumes no responsibility for its accuracy.