1329 E 12th Avenue, Vancouver, British Columbia V5N 2A1

Listed for:
$2,350,000
5 beds
3 baths
Listed 273 days ago
House for rent: 1329 E 12th Avenue, Vancouver, British Columbia V5N 2A1

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Learn more about this property
Listing provided by:
Keller Williams Realty VanCentral
MLS® number:
R2797420
Agent:
Cliff Mytton
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About

**Investor : Developer** Opportunity to acquire two high exposure full city lots 1329/1335 as part of a land assembly with the possible addition of two other lots situated on the Northeast corner of E 12th Ave and Clark Drive in Vancouver. Great location for a Nonprofit or fully rental opportunity aligning with the cities desire to increase housing stock. The subject property´s sit in the Grandview-Woodland Community Plan and are already zoned RM-11N Multiple Dwelling, allows for residential buildings up to 4 levels (up to 1.7 FSR). There is potential for increased density up to 6 levels based upon usage and guidance from the city (up to 3.0 FSR). Currently tenanted with good passive income. Please don't walk the property. Contact the listing agent for more information. (id:27476)

Property Highlights

Type
House
Cooling type
Heating fuel
Fireplace
Yes
Construction material
Parking space
2
Ownership Type
Freehold
Amenities nearby
Recreation, Shopping

Location

Summary

Conveniently situated near recreational and shopping facilities, this property boasts a freehold ownership type and offers a total of 2 parking spaces. It presents an exciting opportunity for developers and investors to acquire two high-exposure city lots, with the potential to expand the land assembly to include two additional lots. Located at the Northeast corner of E 12th Ave and Clark Drive in Vancouver, this property is ideal for a nonprofit organization or as a fully rental opportunity, in line with the city's efforts to increase housing stock.

Under the Grandview-Woodland Community Plan, the subject property is zoned RM-11N Multiple Dwelling, allowing for residential buildings of up to 4 levels with a maximum floor space ratio (FSR) of 1.7. There is also the possibility of increasing the density to 6 levels, with a maximum FSR of 3.0, based on usage and guidance from the city. Currently, the property is tenanted, providing a reliable source of passive income. Interested parties are advised to contact the listing agent for further details and are requested not to visit the property in person.

Offered for sale, this property features a land size of 4026 sqft and is equipped with amenities such as recreation and shopping facilities. It is located at 1329 E 12th Avenue in Vancouver, British Columbia, with a postal code of V5N2A1. The property comprises a total of 5 bedrooms and 3 bathrooms, with a detached construction style and a fireplace. Heating is provided through forced air, and the property type is classified as a house.

Street Spotlight - For sale