Kris CurmanPowered by Motions MarketingOakwyn Realty Northwest

Active · House · Vancouver

745 W 41ST Avenue

Vancouver, BC V5Z2N2

$3,599,000

140 days on market

Bedrooms
8
Bathrooms
4
Floor area
3,180 sq ft
Type
House
Year built
1951
Parking
1
Taxes
$28,020.00 (2024)
MLS®
R3125380

About this home

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.

Monthly cost estimate

Mortgage payment20% down · 4.5% · 25-yr amortization$15,936
Strata fee$0
Property taxannual ÷ 12$2,335
Est. monthly total$18,271
Down payment + BC property transfer taxbefore any first-time buyer exemption$817,750

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Listing courtesy of Sutton Group - 1st West Realty. View on REALTOR.ca

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Listing data is supplied through the CREA Data Distribution Facility (DDF®) by members of CREA and is deemed reliable but not guaranteed. Information should be independently verified.

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