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305 E 40th Ave in Vancouver: House for sale (Vancouver East)

305 E 40th Ave Vancouver :

Main Photo: 305 E 40th Ave in Vancouver: House for sale (Vancouver East) banner
$1,550,000
Prop. Type:
Residential Detached
MLS® Num:
EXCLUSIVE
Status:
Active

EXCLUSIVE

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)

Property Type:
Residential Detached
Dwelling Type:
House/Single Family
Total Floor Area:
Switch units of measure2,350 sq. ft.
Bathrooms:
- (Full:-/Half:-)
Lot Area:
Switch units of measure4,125 sq. ft.
Original Price:
$1,550,000
Listing information last updated on November 15, 2017 at 09:22 PM (UTC)
JESSICA CHEN

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