40668 OLSON ROAD, Squamish
$1,990,000
This 18,664 sqft property in Squamish 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 in the heart of Squamish. This 18, 750 sq. ft. property is being sold for its redevelopment potential and is surrounded by established townhouse developments, making it an exceptional investment in a growing neighbourhood. The existing home is currently tenanted, providing holding income while future plans are explored. Buyers are encouraged to verify development potential with the District of Squamish.
How this price compares
This lot asks $107 per square foot of lot. That is 30% below the median of $152 across the 24 active lots VanPlex is showing in Squamish, and puts it 6 of 24 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
- $1,990,000
- Lot size
- 18,664 sqft
- Lot dimensions
- 124 x 144
- Frontage
- 124 ft
- Bedrooms
- 0
- Bathrooms
- 2
- Year built
- 1961
- MLS® area
- Brackendale
- MLS® number
- R3148614
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Listing data via MLS®. Displayed for information only.