5849 Laurel Street, Vancouver Listing #: R2699965

$5,199,000
5 Beds
4 Baths
2,588 Sqft
7,691 Lot SqFt
1963 Built


Development/Investment Opportunity! Beautiful 7,691 sq. ft lot located in Vancouver's Oakridge area half a block from West 42nd and Oak Street. Quiet street within a 5 min walk to Oakridge Town Centre, the Canada Line, and the future Jewish Community Centre redevelopment. The property is designated within the Cambie Corridor Plan Phase 3 and is eligible for either 3-story townhomes or 4-story condominiums (density between 1.2 and 2.0 FSR depending if assembled with a neighbouring property). Build up to 8 units totalling over 9,200 sq. ft as a single lot townhouse development or even more units totalling up to 15,382 sq ft if assembled. Property is currently tenanted with positive cash flow.
Taxes (2021): $11,100.60
Features
  • ClthWsh
  • Dryr
  • Frdg
  • Stve
  • DW
Site Influences
  • Central Location
  • Lane Access
  • Recreation Nearby
  • Shopping Nearby

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MLS Reciprocity

Listed By: Royal LePage Westside

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