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
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
Bathrooms
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 |
|
MLS® Disclaimer for CallRealEstate
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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