West Central Ridge Assembly

Vacant Land for Sale
Catylist Listing ID: 30318555
Property Subtypes: Multi-Family
Gross Land Area: 1.24 Acres
Sale Price: $5,778,000
Unit Price: $4,659,677 Per Acre
Sale Terms: Cash to Seller, Sale/Leaseback, Other
Cap Rate: Undisclosed
Last Updated: 10/17/2020

Overview / Comments

Land Assembly consisting of 1.24 acre of contiguous land prime for development. At present there are a minimum of 6 lots assembled for a total potential of 97,303 square feet of buildable at 1.8 FSR for market housing. There is future potential to acquire the whole block totaling 14 properties equating to a potential 2.84 acre development site.

The OCP (Official Community Plan) one block east calls for a re-zoning to RM-2 which includes market condos and townhouses. This should be verified by any prospective purchaser.

Additional Details

Nearest MSA: Vancouver
County: Greater Vancouver
Tax ID/APN: 011374985

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Photograph of Listing Agent

Dean Thomas, CCIM

Personal Real Estate Corporation
HQ Real Estate Services Inc. CPIX Member
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