Aerial perspective showcasing a property at 745 W 41st Ave

$3,599,000

W 745 41st Avenue, Vancouver, BC V5Z 2N2

MLS® R3125380

Description

Developers and investors alert. Rare opportunity to secure a prime Oakridge development site directly across from Oakridge Park, Vancouver’s landmark master-planned urban centre. This 57.3’ x 120’ lot is steps to Oakridge-41st Avenue Canada Line Station and located in one of the Westside’s most active growth corridors. Current R1-1 zoning allows multiplex development, with potential for higher-density redevelopment through assembly under the Cambie Corridor and TOA policy framework, including up to 12 storeys / 4.0 FSR, subject to City approval. Currently generating approx. $106,200 annually, in rental income. A strategic holding, redevelopment, or assembly opportunity with exceptional long-term upside. Buyer to verify all development potential.

Property

Property type

Residential

Style

Single Family Residence

Structure

Residential Detached

Year built

1,951

Age

75 years

Ownership

Freehold NonStrata

Levels

One

Interior

Bedrooms

8

Bathrooms

4

Full bathrooms

4

Half bathrooms

0

Living area

3,180 sq ft

Main floor finished area

1,978 sq ft

Basement

Full

Systems

Heating

Natural Gas

Lot and parking

Lot size

6,876 sq ft

Lot dimensions

57.3 x 120

Lot features

Central Location

Parking spaces

1

Parking

Detached, Rear Access

Strata and restrictions

Strata fee

No

Age restriction

No

Costs

Annual property tax

$28,020

Tax year

2,024

Land lease

No

Location

Area

Vancouver West

Neighbourhood

Cambie

View

No

Waterfront

No

Community features

Shopping Nearby

Exterior features

No Outdoor Area