Development Land

Forgot password Extend Verify Contact

753 E 55TH Avenue
South Vancouver Vancouver V5X 1N8

$3,639,000
Commercial

Status:
Active
Prop. Type:
Commercial
MLS® Num:
C8065100
INVESTOR & BUILDER ALERT! Exceptional opportunity in South Vancouver. This expansive 7,900 SQFT lot offers potential for development, allowing upwards of 8 units with future multi-family zoning possibilities (verify with the City). Positioned on the high side of the street, enjoy stunning southern views of Richmond and the Fraser River. Currently owner-occupied with two rented basement units, providing significant rental income while awaiting permits. Located in a vibrant area near Fraser Street, Main Street, 49th Avenue, and Punjabi Market, this property is surrounded by amenities, shopping districts, and transit. A solidly built home with renovations over the years, ideal for holding as an investment or pursuing development potential . Don't miss this rare opportunity!
Name of Complex/Subdivision:
# Other Units:
Year built:
1967 (Age: 58)
Total Floor Area:
7,895 sq. ft.
Lot Area:
7,895.66 sq. ft.
Land Use/Zoning:
RR1
Roof:
Cap Rate %:
Other Income:
Effective Gross Income:
Gross Income:
Oper. Expenses:
Net Operating Income:
Tot Gross Sales:
Condo Fee:
Previous Price:
Original Price:
Listed by eXp Realty of Canada, Inc.
Data was last updated January 5, 2025 at 03:10 AM (UTC)
Bruce Long CCIM, FRI, PREC
Reciprocity Logo The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Greater Vancouver REALTORS® (GVR), the Fraser Valley Real Estate Board (FVREB) or the Chilliwack and District Real Estate Board (CADREB). Real estate listings held by participating real estate firms are marked with the MLS® logo and detailed information about the listing includes the name of the listing agent. This representation is based in whole or part on data generated by either the GVR, the FVREB or the CADREB which assumes no responsibility for its accuracy. The materials contained on this page may not be reproduced without the express written consent of either the GVR, the FVREB or the CADREB.