LAND ASSEMBLY – Transit-Oriented investment opportunity in a prime location adjacent to Nanaimo Skytrain Station. Buy now and hold for future high-rise redevelopment. Recently announced, Bill 47 (Transit-Oriented Areas) has designated the subject properties for a condo tower at a minimum height of 20 storeys and minimum density of 5.5 FSR. Additionally, the recently adopted Vancouver Plan, designates the Nanaimo Station area as a “Rapid Transit Area” with a potential for residential towers up to 25 storeys. Four lots - 2474 24th Ave & 4011, 4029, 4035 Kamloops Street to be sold together. This site is within close proximity to Trout Lake Park and Community Centre, and conveniently located only 8 minutes from downtown via the Expo Line. Please do not walk on the properties.
Address
4011 KAMLOOPS STREET
List Price
$2,280,000
Property Type
Residential Detached
Type of Dwelling
House/Single Family
Style of Home
2 Storey
Area
Vancouver East
Sub-Area
Renfrew Heights
Bedrooms
5
Bathrooms
4
Floor Area
2,425 Sq. Ft.
Lot Size
3828 Sq. Ft.
Year Built
1927
MLS® Number
R2924610
Listing Brokerage
Oakwyn Realty Ltd.
Basement Area
Partly Finished
Postal Code
V5R 1X5
Zoning
CD-1
Tax Amount
$6,435.00
Tax Year
2023
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