LAND ASSEMBLY – Transit-Oriented investment opportunity in a prime location adjacent to Nanaimo Skytrain Station. Buy now and hold for future high-rise redevelopment. Recently announced, Bill 47 (Transit-Oriented Areas) will designate the subject properties for a condo tower at a minimum height of 20 storeys and minimum density of 5 FSR. Additionally, the recently adopted Vancouver Plan, designates the Nanaimo Station area as a “Rapid Transit Area” with a potential for residential towers up to 25 storeys. This site is within close proximity to Trout Lake Park and Community Centre, and conveniently located only 8 minutes from downtown via the Expo Line. Four lots - 2474 24th Ave & 4011, 4029, 4035 Kamloops Street to be sold together. Please do not walk on the properties.
Address
2474 E 24th AVE & 4011, 4029, 4035 KAMLOOPS ST
List Price
$9,120,000
Property Type
LND
Type of Dwelling
Land
Area
Vancouver East
Sub-Area
Renfrew Heights
Floor Area
15,312 Sq. Ft.
MLS® Number
R2851395
Listing Brokerage
Oakwyn Realty Ltd.