New property listed in Vancouver East

I have listed a new property at 305 40th Ave E in Vancouver.


The following are included in the sales price : survey, arborist report, and preliminary building plans ( attached. BP has been applied for recently projected demo and BP issuance 4-5 months. All architectural and consultant fees to be paid by seller.)

1. Sale Price: $1.55M
2. Corner lot at 40th ave and Sophia Street
3. Lot Size: 33'x125'(irregular)
4. Zoning RS-1
5. FSR: .70 + .16 (Laneway)
6. Main House Buildable: 2350/sf
7. Laneway Buildable: 577/sf
8. No Garage- Parking on BLVD (Sophia)
9. House is vacant and not rentable
10. Main house will have a legal 1BD suite
11. No DP required just an outright BP application.
12. Potential for share sale of Holdco- No PTT

Projected revenue for new contemporary house with suite and laneway in Riley Park neighbourhood $2.650M- $2.750M based on current comps. Projected rents for laneway and suite $3300/month

PRIVATE DEAL NOT ON MLS ...... depending on price and terms , Seller will pay a commission to Buyers Agent ( to be negotiated)

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