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.
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.