DESCRIPTION
This property presents a remarkable opportunity for investors, particularly given the forthcoming Bill 44, which is set to increase the density on lots near public transit. Under this new legislation, properties near the public transit and back lane access can be developed into a potential sixplex. Buyer/Buyer's Agent to check with city. With a spacious 8,000 square-foot lot, 6 bedrooms, 2 bathrooms, including a rental suite downstairs. The potential rental income from this setup is substantial, with the capacity to cover a significant portion, if not the entirety, of the mortgage. Making it an attractive investment opportunity. Property is currently undergoing improvements.
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FEATURES
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AT A GLANCE
| MLS® # |
R2892961 |
| Subarea |
Cedar Hills |
| Home Style |
3 Level Split,Basement Entry |
| Beds |
6 |
| Baths |
2 |
| Size |
1,410 sqft |
| Lot Size |
7,950 SqFt. |
| Lot Dimensions |
63.45 × 123.8 |
| Built |
1957 |
| Taxes |
$4,366.09 in 2023 |
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LISTING BROKERAGE
RE/MAX Performance Realty
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DISCLAIMER
Listing data is based in whole or in part on data generated by the Real Estate Board of Greater Vancouver and Fraser Valley Real Estate Board which assumes no responsibility for its accuracy.