542 PARK DRIVE, Cultus Lake
$989,000
This 7,500 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 OPPORTUNITY in highly desired Cultus Lake! One of the few properties w/a sought-after SHORT-TERM RENTAL permit. Charming 1500+ sq ft log cabin rancher w/bsmt on a lrg 7500 sq ft private landscaped CORNER LOT w/no homes in front + lane behind. 2 bdrms + possible 3rd down, spacious liv/din rm w/gas f/p, wall-to-wall built-in china cab, laundry & varathaned log interior. Great sundeck opens to a quiet, tranquil backyard w/outside shower. Det'd single garage, back lane access, U-shaped driveway & 7+ prkg spaces incl space for you Boat &/or RV. Walk to beach, dog beach, trails, boat launch & marina and more. 5 mins drive to school, golf, waterslides, fun park & more. ENDLESS OPTIONS: family home, downsizer, rec property, STR/LTR investment or build your dream custom home on a prime lot!
How this price compares
This lot asks $132 per square foot of lot. That is 61% below the median of $334 across the 13 active lots VanPlex is showing in Cultus Lake, and puts it 4 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
- $989,000
- Lot size
- 7,500 sqft
- Lot dimensions
- 60 x 125.05
- Frontage
- 60 ft
- Bedrooms
- 2
- Bathrooms
- 1
- Year built
- 1956
- MLS® area
- Cultus Lake North
- MLS® number
- R3143761
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Listing data via MLS®. Displayed for information only.