216 E 3RD STREET North Vancouver BC V7L 1E7

Lower Lonsdale

Sitings Realty Ltd.
Property Description

Unique opportunity to acquire both sides of a Duplex in Lower Lonsdale on 6,003 sq.ft of land. Endless options: Renovate & live, hold & collect excellent rental income ($88,560 gross), or assemble with adjoining properties(222 & 224 E 3rd)& redevelop. Neighboring properties, 222/224 E 3rd must be sold together with 216 E 3rd. All 3 lots are currently zoned RT-1 & have an OCP Designation of R5 (Medium Density up to 6 stories) with a maximum density of 2.6FSR (1.60 Base with a potential bonus density of 1.0 FSR). Ideally located in close proximity to restaurants & shops on Lower Lonsdale/ Lonsdale Quay + walking distance to public transportation & Seabus. Potential for upper floor South facing Vancouver Harbour views in redevelopment. Tenanted property-do not walk on premises.

6 Bed
6 Bath
3,954 Sqft
LOT SIZE: 50.00 FT X 120.07 FT = 6003.61 SQ FT.
$3,120,000
6 Bed
6 Bath
3,954 Sqft
Rate This Property
Property Description

Unique opportunity to acquire both sides of a Duplex in Lower Lonsdale on 6,003 sq.ft of land. Endless options: Renovate & live, hold & collect excellent rental income ($88,560 gross), or assemble with adjoining properties(222 & 224 E 3rd)& redevelop. Neighboring properties, 222/224 E 3rd must be sold together with 216 E 3rd. All 3 lots are currently zoned RT-1 & have an OCP Designation of R5 (Medium Density up to 6 stories) with a maximum density of 2.6FSR (1.60 Base with a potential bonus density of 1.0 FSR). Ideally located in close proximity to restaurants & shops on Lower Lonsdale/ Lonsdale Quay + walking distance to public transportation & Seabus. Potential for upper floor South facing Vancouver Harbour views in redevelopment. Tenanted property-do not walk on premises.

Sitings Realty Ltd.
Schedule a Showing
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Basic Details
Multifamily
R2543055
$3,120,000
No
6
0
6
2
3,954 Sqft
1977
0.14 Acre
CA
BC
North Vancouver
North Vancouver
V7L 1E7
Active
Lower Lonsdale
8
Address Map
3RD
216
STREET
2
Neighborhood

Lower Lonsdale

Neighborhood
MLS® Addon
Sitings Realty Ltd.
E
216 E 3RD STREET
44
2020
0
$9,464
$0
50.00
120.1
6003.61
24/02/2021
Lifestyle

Price History
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$3,120,000
6 Bed
6 Bath
3,954 Sqft
Rate This Property
Schedule a Showing
Contact Agent

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