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…
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.
Features
Balcony
Garage Single
Side Access
Room measurements9 rooms▸
Living RoomMain · 30'8 × 12'6
KitchenMain · 20'5 × 12'3
Primary BedroomMain · 13'6 × 12'
BedroomMain · 11'8 × 8'2
BedroomMain · 12'4 × 11'7
KitchenBelow · 10' × 10'
BedroomBelow · 10' × 10'
BedroomBelow · 10' × 10'
Living RoomBelow · 10' × 10'
Floor plan
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Property Details
MLS NumberR3163558
Property TypeSingle Family Residence
Bedrooms5
Bathrooms3
Square Feet2,370
Lot Size3,828 sqft
Year Built1983
Parking Spaces2
HeatingBaseboard, Electric
Days on Market68
StatusActive
Listed ByEngel & Volkers Vancouver
School Catchment
ElementaryBeaconsfield
SecondaryGladstone
Neighbourhood
Highlighted area = this home's census tract (StatCan), the boundary the neighbourhood stats describe.
$1,600,000Median home value
$84,000Median household income
51.3%Owner-occupied
22.2%Single-detached homes
2.6Avg household size
39.6Median age
37.5%Bachelor's degree or higher (25-64)
54.1%Commute under 30 min
57.5%Drive to work
49.4%Foreign-born residents
4,369Neighbourhood population
Age
Under 1510.6%
15 to 6471.3%
65 and over18.1%
Household size
1 person24.9%
231.6%
318.2%
414.9%
5 or more10.3%
Language spoken at home
37.4% English mother tongue
Cantonese23.1%
Vietnamese5%
Tagalog4.8%
English + other4.6%
Mandarin4.5%
Spanish2.5%
All others18.1%
Mother tongue, share of 4,315 residents.
How this pocket differs
fewer Vietnamese speakers than Renfrew Heights 5% vs 6.7%
Median dwelling value is notably higher than Metro Vancouver $1,600,000 vs $1,050,000
Source: Statistics Canada, Census of Population, 2021. Reproduced and distributed on an "as is" basis with the permission of Statistics Canada.
Land & Development
Lot size3,834 sqft
Lot dimensions33 × 116 ft
Lot shapeRectangular
Transit-oriented potential (Bill 47 / TOA)
Transit areaTier 1within 200 m of a station
Max density5 FAR
Max height20 storeys
Est. buildable~19,109 sqft
Nearest stationNanaimo Station121 m away
Within a provincially designated Transit-Oriented Area, this lot may support up to 5 FAR / 20 storeys regardless of base zoning. Provincial minimums and approximate — municipal rezoning, servicing and parking standards still apply.
Approximate lot lines (ParcelMap BC)
Zoning, lot dimensions and grade are approximate, from public data, and for reference only — verify with the City / Township of Langley before relying on them.
Recent nearby sales
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