472 E 4th, V7L 1J5 - Development opportunity (6-Plex or 2 detached homes). Discover an exceptional property in Lower Lonsdale, offering the potential to subdivide the 6,850 sf lot and build two single detached homes boasting Downtown and Water views. Preliminary plans outline 3-level homes with over 2500 sq. ft. of living space and approximately 500 sq. ft. of rooftop deck. Re-zoning applications have been approved for similar lots, and the City has confirmed eligibility for a rezoning application. The existing 6 bed, 1.5 bath house generates over $5600/m in rental. Located less than 400 meters from a Rapid Bus stop, seize the incredible opportunity to construct 6 units in this highly sought-after area of North Van, perfectly aligned with the new Provincial Rezoning initiative.
