Aerial overview of a dense urban environment featuring residential and commercial buildings

$2,799,000

3386 Fraser Street, Vancouver, BC V5B 4C1

MLS® C8082690

Description

Development opportunity on the Fraser Street commercial corridor in East Vancouver, priced at approximately $105 per buildable SF based on the 3.50 FSR rental density. 3386 Fraser Street is a 7,629 SF corner lot at East 18th Avenue, currently improved with a surface parking lot. The C-2A zoning permits up to 2.50 FSR for strata condominium development, or approximately 19,073 SF buildable, and up to 3.50 FSR for 100% secured purpose-built rental, or approximately 26,702 SF buildable. No rezoning is required, subject to the City of Vancouver development permit process. Fraser Street continues to see significant rental development activity, with transit, retail, restaurants and services all within walking distance. Title includes City of Vancouver parking covenants. All measurements and density figures are approximate and should be verified by the Buyer.

Property

Property type

Land

Ownership

Freehold

Lot and parking

Lot size

7,840.8 sq ft

Road surface

Paved

Costs

Annual property tax

$756

Tax year

2,026

Location

Area

Vancouver East

Neighbourhood

Fraser VE

Waterfront

No