750 W 48th Ave, Vancouver, BC V5Z 2R9

$3,798,000
6
BD
4
BA
4,431
SqFt

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List Price
$3,798,000
Status
ACTIVE
MLS® #
R3133167
Year Built
1963
Subtype
Single Family Residence
Stories
1
Bedrooms
6
Total baths
4
Half baths
1
Living Area
4,431
Area
Vancouver West
Community
Oakridge VW

Property Description

Exceptional development opportunity in Vancouver's prestigious Oakridge neighbourhood. This rare 62' x 125' (approx. 7,800 SF) south-facing property is designated Residential Low-Rise under the Oakridge Plan and offers potential for subdivision, multiplex development, and future low-rise redevelopment of approximately 6 to 8 storeys (buyer to verify with the City of Vancouver). The existing 4,700+ sq.ft. home provides strong holding income while redevelopment plans are pursued. An additional advantage is that the neighbouring property may also be available for purchase, creating a compelling land assembly opportunity with expanded frontage and enhanced future development potential. The primary image is a conceptual multiplex rendering.

Additional Information

Lot Size
7,800
Levels
One and One Half
Acres
0.18
Fireplaces
3
Region
Vancouver West
Title To Land
Freehold NonStrata

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NOTE: 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 Greater Vancouver REALTORS® which assumes no responsibility for its accuracy.