Exceptional investment opportunity with significant future redevelopment potential. Situated on a 3,828 sq. ft. lot directly abutting the Nanaimo SkyTrain Station and bus loop, the property falls within 200 metres of BC's Transit Oriented Areas, permitting a minimum 20 storeys and 5.0 FSR (up to 5.5 FSR permitted by the City of Vancouver) The property may also be assembled with the neighbouring property at 4011 Kamloops Street, creating an enhanced future redevelopment opportunity. The existing home offers just under 2,400 sq. ft. over two levels, with 5 bedrooms and 3 bathrooms. An excellent opportunity to live in or hold as a rental investment while benefiting from the certainty of substantial future development potential in a highly transit-oriented area.
Address
2474 E 24th Avenue
List Price
$1,598,000
Property Type
Residential
Type of Dwelling
Single Family Residence
Structure Type
Residential Detached
Transaction Type
Sale
Area
Vancouver East
Sub-Area
Renfrew Heights
Bedrooms
5
Bathrooms
3
Floor Area
2,370 Sq. Ft.
Main Floor Area
1415
Lot Size
3828 Sq. Ft.
Lot Size Dimensions
33 x
Lot Size (Acres)
0.09 Ac.
Lot Features
Central Location
Lot Size Units
Square Feet
Total Building Area
2370
Frontage Length
33
Year Built
1983
MLS® Number
R3163558
Listing Brokerage
Engel & Volkers Vancouver
| Engel & Volkers Vancouver (Branch)
Basement Area
None
Postal Code
V5R 5X6
Zoning
CD-1
Ownership
Freehold NonStrata
Parking
Garage Single, Side Access
Parking Places (Total)
2
Tax Amount
$8,183.14
Tax Year
2026
Site Influences
Balcony, Central Location
Exterior Features
Balcony
Board Or Association
Greater Vancouver
Heating
Yes
Heat Type
Baseboard, Electric
Garage
Yes
Garage Spaces
1
Levels
Two
Number Of Floors In Property
2
View
Yes
View Type
MOUNTAINS