1413 E CHERRY CRESCENT, No City Value
$2,360,184
This 9,147.6 sqft property in No City Value 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.
Prime development opportunity situated along the Bernard Avenue Transit Supportive Corridor(TSC), this property offers exceptional potential for apartment development under current TSC guidelines. Just steps from the highly anticipated new Parkinson Recreation Centre and minutes to downtown, this site is ideally located in a rapidly evolving, transit-oriented area within the Glenmore neighbourhood. The flat lot and central location make it a strong candidate for multi-unit residential, apartment, or mixed-use development.
How this price compares
This lot asks $258 per square foot of lot. That is 530% above the median of $41 across the 11 active lots VanPlex is showing in No City Value, and puts it 10 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
- $2,360,184
- Lot size
- 9,147.6 sqft
- Lot dimensions
- 74 x
- Frontage
- 74 ft
- Bedrooms
- 0
- Bathrooms
- 0
- Year built
- 1963
- MLS® area
- FVREB Out of Town
- MLS® number
- R3045239
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Listing data via MLS®. Displayed for information only.