1372 OTTAWA AVENUE, West Vancouver
$3,269,000
This 23,740 sqft property in West Vancouver is a detached single-family home on a lot the new rules make suitable for a multiplex. West Vancouver follows the provincial small-scale housing rules, so most single-family lots allow three to four homes, and up to six near frequent transit. The large lots here give unusual design flexibility.
Over 23,000 sqft of land with ocean views,Multiple separate income streams & subdivision potential nearing final stages. This property has AIRbnb License features A [3Bed-2Bath] on the main level, A [2Bed-2Bath] above & A [Bachelor- Bath] below, generating strong and diversified rental income. Subdivision is actively being approved in the neighborhood, & this property is just steps from finalizing its own process. Hold for cash flow, move forward with subdivision, or secure for future development. Income today, Grow your money tomorrow — a rare opportunity with stability & upside that don’t come often. Whether you’re an End-user, investor or developer, the value make sense from day one. Call for private showing to discuss how this fits into your Real-estate strategy. Open House Sunday 2-4
How this price compares
This lot asks $138 per square foot of lot. That is 31% below the median of $201 across the 189 active lots VanPlex is showing in West Vancouver, and puts it 25 of 189 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
- $3,269,000
- Lot size
- 23,740 sqft
- Lot dimensions
- 80 x 297
- Frontage
- 80 ft
- Bedrooms
- 5
- Bathrooms
- 5
- Year built
- 1951
- MLS® area
- Ambleside
- MLS® number
- R3152612
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Listing data via MLS®. Displayed for information only.