Exceptional investment opportunity with significant future redevelopment potential. Situated on a 3,828 sq. ft. lot directly abutting Nanaimo SkyTrain Station and bus loop, the property falls within BC's Transit Oriented Areas, permitting a minimum 20 storeys and 5.0 FSR (up to 5.5 FSR permitted by the City of Vancouver). The existing home offers 5 bedrooms and 4 bathrooms over two levels plus basement, providing an excellent rental investment and holding opportunity. Potential to assemble with neighbouring 2474 E 24th Avenue for an enhanced redevelopment opportunity. Please do not disturb tenants.
Listed by Engel & Volkers Vancouver/Engel & Volkers Vancouver (Branch).
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Disclaimer: This representation is based in whole or in part on data generated by the Chilliwack & District Real Estate Board, Fraser Valley Real Estate Board or Real Estate Board of Greater Vancouver which assumes no responsibility for its accuracy.
