361 PINE STREET, Cultus Lake
$950,000
This 3,600 sqft property in Cultus Lake 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.
Rare LARGE lot just steps from Cultus Lake! This updated 2 bed, 1 bath rancher is the perfect place to call home, wknd getaway, or SUCCESSFUL AIRBNB. Featuring fresh paint, updated flooring, electrical, new lighting & added pot lights, along w/ a new electric f/p, this cozy home is move-in ready. The functional kitchen & bright updated bathroom add to the home’s comfortable feel. Added bonus space provides room for laundry, storage, & secure bike storage. Set on a spacious lot, a RARE find in Cultus Lake, the property offers excellent outdoor living w/ covered gazebo & huge FULLY fenced yard. Build your dream home, enjoy it as-is, & make the most of lake life in one of the area’s most sought-after locations. The coveted SHORT-TERM RENTAL PERMIT is in place here - a huge bonus!
How this price compares
This lot asks $264 per square foot of lot. That is 21% below the median of $334 across the 13 active lots VanPlex is showing in Cultus Lake, and puts it 6 of 13 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
- $950,000
- Lot size
- 3,600 sqft
- Lot dimensions
- 60 x 60
- Frontage
- 60 ft
- Bedrooms
- 2
- Bathrooms
- 1
- Year built
- 1958
- MLS® area
- Cultus Lake North
- MLS® number
- R3138582
Want the PlexScore and return on equity for this lot? Get PlexPro.
Listing data via MLS®. Displayed for information only.