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For new mortgages, if the downpayment or equity is less then 20% of the purchase price, the amortization cannot exceed 25 years and the maximum purchase price must be less than $1,000,000.
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2295 E 1st Avenue, Vancouver
MLS®: R2556720
2049
Sq.Ft.
2
Baths
3
Beds
5,520
Lot SqFt
1948
Built
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Description
Townhouse/potential apartment development opportunity. Corner lot with new zoning changed by the city to RM-12N which allows for 1.45 FSR townhouse development or 1.7 FSR apartment development. Outstanding location with 10 min drive to downtown & 10 min walk to Commercial Dr. Rapidly changing area with new townhouse developments priced at 1.18M . RM-12N zoning states that this stand alone property is good for triplex development without the need for assembly. Home has been renovated and it shows very well. Plenty of outdoor space with decks, patio, backyard and also a huge solarium on the main floor.
Taxes (2020): $5,509.77
Features
ClthWsh
Dryr
Frdg
Stve
DW
