431 E 2ND STREET, North Vancouver
$1,795,000
This 3,960 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.
Exceptional investment & redevelopment opportunity in the highly desirable Moodyville neighbourhood. Prime south-facing property is ideally located in Lower Lonsdale just steps from waterfront, shops, restaurants, parks, and transit. The property currently contains 4 suites, offering strong holding income potential while planning for future redevelopment. Zoned RG-3 with an Official Community Plan designation of Residential Level 4 (1.25 FSR), this site presents excellent future development potential (buyer to verify with the City of North Vancouver). Existing building floor plans are available in the photo package for reference. Property is being sold on an “as is, where is” basis. A fantastic investment or holding property in a rapidly evolving area.
How this price compares
This lot asks $453 per square foot of lot. That is 72% above the median of $264 across the 182 active lots VanPlex is showing in North Vancouver, and puts it 167 of 182 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
- $1,795,000
- Lot size
- 3,960 sqft
- Lot dimensions
- 33 x 122.00
- Frontage
- 33 ft
- Bedrooms
- 6
- Bathrooms
- 4
- Year built
- 1919
- MLS® area
- Lower Lonsdale
- MLS® number
- R3126491
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Listing data via MLS®. Displayed for information only.