$15,000,000

Listing Info

Prime Development Opportunity in First Shaughnessy 1053-1069 Douglas Crescent

An exceptional chance to acquire over 1 acre of prime land (45,198 sq. ft.) in the prestigious First Shaughnessy District (FSD), spanning two side-by-side lots. This unique property offers tremendous potential for development, whether as a multi-family site or by converting the existing homes into multiple conversion dwellings (MCD), with the option to add infill units for one or two-family dwellings on each lot. All development plans must comply with current FSD bylaws and the official development guidelines for the area.

With one home holding heritage value and the other suitable for redevelopment, this site offers flexibility. Buyers can pursue options for rental income, strata resale, or even a boutique retirement communityan idea that has garnered interest from a renowned local architect who believes the city may be open to such a project, despite the FSD zoning restrictions.

Comparable developments in the area, such as 1217 Wolfe, and the nearby 1450 McRae Townhome development (16th & Granville), which sells between $1,700 to $2,000 per sq. ft., further illustrate the strong market potential.

Price Guidance: $15.6M
This property is not listed on MLS. For more information, please contact us for a detailed info package.

Documents 1053-1069 feature sheet.pdf Official Hcaheritage Conservation Area.pdf 021217 Wolfe Floor Plan Next Door.pdf First Shaughnessy Bylaw Zoning.pdf Sample Disclosure Next Doorhampton Court 1217 Wolfe.pdf Sample Listing At 1217wolfenext Door.pdf General Info MLS® # Property Type Land Dwelling Type Land Home Style Year Built 0 Fin. Floor Area 0 sqft Finished Levels 0 Bedrooms 0 Bathrooms 0 Taxes $30692 / 2017 Lot Area 45000 sqft Outdoor Area Water Supply City/Municipal Maint. Fees N/A Rooms Floor Type Dimensions Bathrooms Floor Ensuite Pieces Legal Description PL VAP4502 LT 15 & LT 16 BLK 55 DL 526 LD 36

Additional Info Heating Construction Foundation Fireplace Details 0 , Parking Parking Total/Covered 0 / 0 Exterior Finish wood Title to Land Freehold Non Strata Other Details Dist to Public Trans Closeby Seller's Interest Registed Owner Reno / Year 0 Units in Development 0 Dist to School Bus Closeby Property Disclosure Occupancy Tenant P.I.D. 011-532-769 & 006-715-842

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This representation is based in whole or in part on data generated by the Chilliwack & District Real Estate Board, Fraser Valley Real Estate Board or Real Estate Board of Greater Vancouver which assumes no responsibility for its accuracy.

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