5849 Laurel Street, Vancouver

Description

Development/Investment Opportunity! Beautiful 7,691 sq. ft lot located in Vancouver's Oakridge area half a block from West 42nd and Oak Street. Quiet street within a 5 min walk to Oakridge Town Centre, the Canada Line, and the future Jewish Community Centre redevelopment. The property is designated within the Cambie Corridor Plan Phase 3 and is eligible for either 3-story townhomes or 4-story condominiums (density between 1.2 and 2.0 FSR depending if assembled with a neighbouring property). Build up to 8 units totalling over 9,200 sq. ft as a single lot townhouse development or even more units totalling up to 15,382 sq ft if assembled. Property is currently tenanted with positive cash flow.

Taxes (2021): $11,100.60

Amenities

None

Features

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What would you like to know?

MLS Reciprocity
Listed By: Royal LePage Westside
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.