Description

Unique Opportunity to acquire single family home in Lower Lonsdale. So many options...live in this free-hold home with lovely outdoor space, hold & collect rental income ($23940 gross), or assemble with adjoining properties(222 & 224 E 3rd)& redevelop. Neighboring properties, 216/224 E 3rd must be sold together with 216 E 3rd. All 3 lots are currently zoned RT-1 & have an OCP Designation of R5 (Medium Density up to 6 stories) with a maximum density of 2.6FSR (1.60 Base with a potential bonus density of 1.0 FSR). Ideally located in close proximity to restaurants and shops on Lower Lonsdale & Lonsdale Quay + walking distance to public transportation routes & the Seabus. Potential for upper floor South facing Vancouver Harbour views in redevelopment. Tenanted property-do not walk on premises.

Taxes (2020): $3,249.39

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