An exceptional opportunity to acquire three consecutive 50' x 125' lots located within the Broadway Corridor Plan, offering immense development potential. The properties, located at 314 West 12th & 324 West 12th Avenue are currently held as long-term investment properties with outstanding tenants. Located just a block from city hall and 2 blocks from Cambie Village these A-1 located properties have excellent Development Potential: The Broadway Corridor Development Plan allows for significant redevelopment possibilities on this site. With the approval of the City of Vancouver, there is potential to construct an impressive 5.5 Floor Space Ratio (FSR) 18-story tower spanning over 100,000 square feet with impressive views of downtown, mountains and ocean. (id:2493)
Listed by RE/MAX Select Properties and RE/MAX Crest Realty
Data was last updated May 8, 2024 at 03:45 AM (UTC)
Area Statistics
Listings on market:
48
Avg list price:
$4,248,889
Min list price:
$275,000
Max list price:
$24,800,000
Avg days on market:
76
Min days on market:
0
Max days on market:
516
Avg price per sq.ft.:
$1,380.1
These statistics are generated based on the current listing's property type
and located in
Vancouver. Average values are
derived using median calculations.