Trophy Development Property

3998 Granville St, Vancouver, BC V6H 3L2, Canada
Please contact listing agents

Description

Multi-Level Townhome Redevelopment Potential

The Property

The non-heritage, post-1940 property is currently improved with a recently renovated four-level split family home. It features a modern contemporary design with an open-concept layout by RodRozen Designs. Movato Home Magazine featured the property as “2016 Georgie Award winning 5,350-sf residence”.

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The Opportunity

This offering represents a rare opportunity for an investor or developer to acquire a multi-level townhome redevelopment site in prominent First Shaughnessy District. The subject property is ready and awaiting a permit application to allow for a potential 2.5 FSR. On this 20,000-sf site, it is estimated that there could be a potential approval of up to 50,000 sf in redeveloped townhomes. A developer/investor has the opportunity to begin the application process while earning owner leaseback income from the current home owner. Once the redevelopment application has been approved, the developer/investor will have the ability to capitalize on the recent surge in pricing for high-end townhomes in the First Shaughnessy District.
Note: The FSR is subject to a development application and scheme being approved by the City of Vancouver. The current zoning on the site is FSD (First Shaughnessy District) and upon current zoning the FSR is stated as 0.25. Any purchaser should satisfy themselves as to the potential of the site.

Property Documents

  • City: Vancouver
  • State/county: BC
  • Neighborhood: First Shaughnessy
  • Country: Canada

Detail

  • Property ID: 011-530-073
  • Price: Please contact listing agents
  • Land Area: 20,000 sf