750 W 48TH AVENUE, Vancouver
$3,198,000 · 6 Bed 4 Bath
About this property
Massive price reduction. $273k below BC Assessment. 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. (id:66939)
Property details
- Price
- $3,198,000
- Bedrooms
- 6
- Bathrooms
- 4
- Living area
- 4,431 square feet
- Lot size
- 7800 square feet
- Parking
- 2
- Year built
- 1963
- Property type
- Single Family
- Basement
- Finished, Unknown, Unknown
- MLS® number
- R3133167
Location
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Review my home valueListing courtesy of eXp Realty. Source board: Greater Vancouver REALTORS®.
Listing data is provided by the Canadian Real Estate Association (CREA) through the REALTOR.ca Data Distribution Facility (DDF®) and is deemed reliable but not guaranteed accurate. The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by CREA and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA. Listings displayed may be held by brokerages other than Hamodi Realty / HomeLife Miracle Realty.