1536 BOND STREET, North Vancouver
$1,499,000
This 4,026 sqft property in North Vancouver is a detached single-family home on a lot the new rules make suitable for a multiplex. North Vancouver applies the provincial small-scale housing rules, so most single-family lots allow three to four homes, and up to six near frequent transit. Slope and view protection can shape the design more than in flatter cities.
Prime Central North Vancouver Investment & Future Development Opportunity. This 4-bed, 2,184sf. home with a self-contained 2-bed suite sits on a 4,026 sq.ft. lot just minutes from Phibbs Exchange and an excellent array of shops, restaurants, services and amenities. Currently generating income from two separate month/month tenants, the property offers immediate dual holding income with significant long-term development upside. Located within a Transit-Oriented Area (TOA), the property benefits from future development potential of up to 8 storeys and 3FSR. An excellent opportunity for investors seeking an income-producing property with substantial redevelopment potential in one of North Van's most connected and rapidly evolving neighbourhoods.
How this price compares
This lot asks $372 per square foot of lot. That is 45% above the median of $256 across the 188 active lots VanPlex is showing in North Vancouver, and puts it 164 of 188 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
- $1,499,000
- Lot size
- 4,026 sqft
- Lot dimensions
- 33 x 122
- Frontage
- 33 ft
- Bedrooms
- 4
- Bathrooms
- 2
- Year built
- 1960
- MLS® area
- Lynnmour
- MLS® number
- R3173497
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Listing data via MLS®. Displayed for information only.