Unique Opportunity to acquire single family home in Lower Lonsdale. Neighboring properties, 216/222 E 3rd must be sold together with 224 E 3rd. Many options… live in this renovated home with lovely outdoor space, hold & collect rental income, or assemble with adjoining properties(222 & 216 E 3rd)& redevelop. All 3 lots are currently zoned RT-1 & have an OCP Designation of R5 (Medium Density up to 6 stories) with a maximum density of 2.6FSR (1.60 Base with a potential bonus density of 1.0FSR). Ideally located in close proximity to restaurants and shops on Lower Lonsdale & Lonsdale Quay + walking distance to public transportation routes & the Seabus. Tenanted property-do not walk on premises.
Taxes (2021): $3,425.57