An exceptional opportunity to acquire two consecutive 50'x125' lots located within the Broadway Corridor Plan, offering immense development potential. The properties, located at 314 West 12th & 324 West 12th Avenue are currently held as long term investment properties with outstanding tenants. Located just a block from city hall and 2 blocks from Cambie Village these A-1 located properties have excellent Development Potential: The Broadway Corridor Development Plan allows for significant redevelopment possibilities on this site. With the approval of the City of Vancouver and 150' of frontage, there is potential to construct an impressive 5.5 FSR 18-story tower spanning over 100,000 square feet with impressive views of downtown, mountains and ocean. Bluechip investment & holding properties!
| Address | 324 W 12TH AVENUE |
| List Price | $3,498,000 |
| Property Type | Residential Detached |
| Type of Dwelling | House/Single Family |
| Area | Vancouver West |
| Sub-Area | Mount Pleasant VW |
| Bedrooms | 2 |
| Bathrooms | 2 |
| Floor Area | 1,645 Sq. Ft. |
| Lot Size | 6250 Sq. Ft. |
| Year Built | 1944 |
| MLS® Number | R2885823 |
| Listing Brokerage | RE/MAX Select Properties |
| Basement Area | None |
| Postal Code | V5Y 1V2 |
| Zoning | RT-6 |
| Tax Amount | $8,602 |
| Tax Year | 2023 |
| Site Influences | Central Location, Lane Access, Private Setting, Private Yard, Recreation Nearby, Shopping Nearby |
| Features | ClthWsh/Dryr/Frdg/Stve/DW |
| Amenities | In Suite Laundry, Storage |
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