Property Description

Incredible development opportunity! The entire neighborhood has recently been rezoned to allow multifamily development. This outstanding property is situated in a rapidly evolving neighborhood with new multifamily buildings all around. It is an ideal investment, perfectly positioned to benefit from the ongoing neighborhood revitalization. The property has been well taken care of and the whole existing home, main and below are currently rented to great tenants which brings in good income. It is centrally located with views of city and water, close to Lonsdale Quay and public transit, sea bus to downtown Vancouver, good schools, cafe's and restaurants near by. Don't miss it! Please call for your appointment.

Property Information

Address	478 E 1ST STREET
List Price	$2,830,000
Dwelling Type	House/Single Family
Gross Taxes	$8,458 (2023)
Total Baths	4
Lot Depth	120.00
Total Bedrooms	7
Lot Sz (Acres)	0.14
Lot Sz (Sq Ft)	6,005
View	Yes
View -Type	CITY AND WATER

Property Type	Freehold NonStrata
List Date	May 07 2024
Style of Home	Other
Approx year Built	1958
Age	66
Floor Area (Sq Ft)	1,838
Frontage	50.00
MLS® Number	R2877787
Postal Code	V7L 1B7
Community	Lower Lonsdale
Area	North Vancouver