Kitsilano House for sale: Building with Income or Development Project 3,998 sq.ft. (Listed 2007-01-29)

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• Property Value$2,380,000
• Property Address2625 West 1st Avenue, Building with Income or Development Project, Vancouver, BC, Canada
• TypeHouse
• StyleFourplex
• Basementrental suite
• Parking1
• Year Built1905
• Est. Property Tax6665.

• Living Area3,998 sq.ft.
• Lot Frontage50 ft
• Lot Depth130 ft
• Lot Size Area6,500 sq.ft.

Kitsilano Address

2625 West 1st Avenue, Building with Income or Development Project, Vancouver, BC, Canada

Description

Fabulous Fourplex - easy rental or development site whichever you like. Amazing views and situated high on the hill. Existing house is in excellent shape and can rent for up to approximately $5500 +/-. Large lot 50 x 130 which allows for up to four units.

There is an easement on the west side for the driveway which will give them the opportunity to build a coachhouse at back or add to existing building as long as parking is provided or the city grants some exemption of some sort.

The city was positive to the owner's ideas considering adding to the back and the eastside of the building. The owner's have already prepared plans for submission for a development permit for approximately 4971 sf +/- for 4 units.

There is an existing 3998 sf. According to the RT 8 District Schedule conditional approval could be granted up to approx. 75% or more depending on plans provided to city and approved.

All of the above is fully dependant at the City's discretion of course and submitted on an E & O.E. basis.