12888 FRONT ROAD, Madeira Park
$549,000
This 20,000 sqft property in Madeira Park is a detached single-family home on a lot the new rules make suitable for a multiplex. Under BC's Bill 44 small-scale housing rules, most single-family lots in Metro Vancouver now allow at least three to four homes, and lots near frequent transit can allow up to six. Confirm the exact number for this lot against the city's own zoning.
Opportunity in the heart of Madeira Park! Previously configured as a 2-bedroom, 1-bathroom rancher (approx. 980 sq ft) with a single-car garage, this home is currently under renovation. The seller indicates plans for a secondary suite, adding a 3rd bedroom, kitchen, living space, and an additional bathroom, with completion anticipated in the coming weeks. Property may not show to its full potential until renovations are complete. Within the past 5 years the windows & electric baseboards have been replaced,and the bathroom renovated with heated floors Buyers to verify all details to their satisfaction. Ideally located within walking distance to local amenities including shops, dining, and services. Do not walk the property without consulting with your Realtor and setting up an appointment.
How this price compares
This lot asks $27 per square foot of lot. That is 18% below the median of $34 across the 11 active lots VanPlex is showing in Madeira Park, and puts it 4 of 11 from cheapest to most expensive. Asking prices only, taken from the current MLS® feed.
Land price per square foot is only one input. Frontage, lane access, slope, and how many homes the zoning actually allows decide what a lot is worth to a builder.
Lot and property details
- Price
- $549,000
- Lot size
- 20,000 sqft
- Lot dimensions
- 100 x 200
- Frontage
- 100 ft
- Bedrooms
- 2
- Bathrooms
- 1
- Year built
- 1975
- MLS® area
- Pender Harbour Egmont
- MLS® number
- R3104484
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Listing data via MLS®. Displayed for information only.