This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
thank you
Your email has been sent!
2348 Oliver Cres - Arbutus
0.14 Acres of Residential Land Offered at £1,738,560 in Vancouver, BC V6L 1S5
Investment Highlights
- Development Potential
- Up to 6 marketable dwelling units
- Multifamily Development Zoning
- Up to 8 rental dwelling units
Executive Summary
if all secured for rentals only). Ideal choice for families with its proximity to all age ranges schools, parks, shop, transit and UBC.
Financial Summary (Actual - 2023) |
Annual | Annual Per AC |
|---|---|---|
| Gross Rental Income |
£30,294
|
£216,388.35
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
£30,294
|
£216,388.35
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
£5,669
|
£40,492.67
|
| Net Operating Income |
£24,625
|
£175,895.67
|
Financial Summary (Actual - 2023)
| Gross Rental Income | |
|---|---|
| Annual | £30,294 |
| Annual Per AC | £216,388.35 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per AC | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per AC | - |
| Effective Gross Income | |
|---|---|
| Annual | £30,294 |
| Annual Per AC | £216,388.35 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per AC | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per AC | - |
| Total Expenses | |
|---|---|
| Annual | £5,669 |
| Annual Per AC | £40,492.67 |
| Net Operating Income | |
|---|---|
| Annual | £24,625 |
| Annual Per AC | £175,895.67 |
Property Facts
| Price | £1,738,560 | Property Type | Land |
| Sale Type | Investment or Owner User | Property Subtype | Residential |
| Sale Conditions | Development Sale | Total Lot Size | 0.14 AC |
| No. Lots | 1 |
| Price | £1,738,560 |
| Sale Type | Investment or Owner User |
| Sale Conditions | Development Sale |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Residential |
| Total Lot Size | 0.14 AC |
1 Lot Available
Lot 6
| Price | £1,738,560 | Lot Size | 0.14 AC |
| Price Per AC | £12,415,006 |
| Price | £1,738,560 |
| Price Per AC | £12,415,006 |
| Lot Size | 0.14 AC |
PRIME Arbutus Land Opportunity, This home sits on 50 x 122 lot with R1-1 zoning and is currently rented. Its highest potential lies in redevelopment to single family house or side by side duplex. Potential for up to 6 units to be built.
Description
PRIME Arbutus Land Opportunity. This home sits on 50 x 122 lot with R1-1 zoning and is currently rented. Its highest potential lies in redevelopment to single family house or side by side duplex. Potential for up to 6 units to be built. Ideal choice for families with its proximity to all age ranges schools, parks, shop, transit and UBC. Zoning R1-1 Intent: The intent of this Residential Inclusive district schedule is to enable a variety of small-scale housing options while retaining the single lot character of the area. Housing options include multiple dwellings (“multiplex” up to 6 dwelling units, or up to 8 rental dwelling units), duplexes and single detached houses. Duplexes and single detached houses may include additional dwelling units such as secondary suites, lock-off units and laneway houses. Retention of character houses is encouraged by permitting infill and multiple conversion dwellings where a character house is retained.
zoning
| Zoning Code | R1-1 (Housing options include multiple dwellings (“multiplex” up to 6 dwelling units, or up to 8 rental dwelling units)duplexes and single detached houses.) |
| R1-1 (Housing options include multiple dwellings (“multiplex” up to 6 dwelling units, or up to 8 rental dwelling units)duplexes and single detached houses.) |
-
Harvey Farhad -
Coldwell Banker Prestige Realty
Presented by
2348 Oliver Cres - Arbutus
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.