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For new mortgages, if the downpayment or equity is less then 20% of the purchase price, the amortization cannot exceed 25 years and the maximum purchase price must be less than $1,000,000.
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| Bedrooms: | 7 |
| Bathrooms: | 9 |
| Listing Type: | House/Single Family |
| Sqft | 5,993 |
| Lot Size | 13,368 |
| Built: | 2011 |
| Price: | $9,000,000 |
| Listed By: | eXp Realty |
| MLS: | R2846098 |
Description
Prime Rental Development with Mountain Views! A prime 13,368 SF lot in Kerrisdale offering a unique development opportunity under Secured Rental Policy (SRP) RR-2B zoning. This self-contained lot allows for a 6-storey building with a 2.4 FSR, translating to 32,083 SF of buildable area. Current plans for 36 rental units with flexibility for expansion via a 4-lot assembly to 38,471 SF, yielding 92,330 buildable SF. This property offers a unique parking advantage with potential for above-grade parking built into the slope, eliminating the need for underground excavation saving construction costs. A strategic opportunity in a coveted location.
Taxes (2023): $27,428.30
Features
Air Conditioning
ClthWsh
Dryr
Frdg
Stve
DW
Garage Door Opener
Heat Recov. Vent.
Security System
Water Treatment
Wet Bar
