INVESTOR & BUILDER ALERT! Discover a prime opportunity in South Vancouver. This 7,900 SQFT lot offers significant development potential, including the possibility of constructing up to 8 units under future multi-family zoning (subject to City approval). Perched on the high side, the property offers stunning southern views of Richmond and the Fraser River. It is currently owner-occupied with two rented basement units generating steady income while permits are pending. Located near Fraser Street, Main Street, 49th Avenue, and the Punjabi Market, the property is surrounded by ample amenities and transit options. With its solid construction and recent renovations, this home is ideal for long-term investment or redevelopment. Don't miss this exceptional opportunity.
Address
753 E 55th Avenue
List Price
$2,988,000
Property Type
Residential
Type of Dwelling
Single Family Residence
Structure Type
Residential Detached
Area
Vancouver East
Sub-Area
South Vancouver
Bedrooms
10
Bathrooms
4
Floor Area
4,200 Sq. Ft.
Main Floor Area
2151
Lot Size
7897.43 Sq. Ft.
Lot Size Dimensions
87.12 x 90.65
Lot Size (Acres)
0.18 Ac.
Lot Features
Central Location, Recreation Nearby
Lot Size Units
Square Feet
Total Building Area
4200
Frontage Length
87.12
Year Built
1967
MLS® Number
R2985345
Listing Brokerage
Sutton Group-West Coast Realty
Basement Area
Full
Postal Code
V5X 1N8
Zoning
RS1
Ownership
Freehold NonStrata
Parking
Garage Double, Front Access
Parking Places (Total)
2
Tax Amount
$9,291.16
Tax Year
2022
Site Influences
Balcony, Central Location, Recreation Nearby, Shopping Nearby
Community Features
Shopping Nearby
Exterior Features
Balcony
Appliances
Washer/Dryer, Dishwasher, Refrigerator, Cooktop
Board Or Association
Greater Vancouver
Heating
Yes
Heat Type
Baseboard
Fireplace
Yes
Fireplace Features
Wood Burning
Number of Fireplaces
1
Garage
Yes
Garage Spaces
2
Levels
Two
Number Of Floors In Property
2