938 E 29TH STREET, North Vancouver

$1,798,000

This 7,620 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.

Discover an exceptional opportunity in the heart of Lynn Valley! This well-maintained family home has benefited from numerous updates and renovations throughout the years, beginning in 2012, offering a comfortable and versatile living space ready to enjoy. The flexible layout offers excellent rental income potential of approximately $4,000 per month, making it an attractive option for families and investors alike. Set in an incredibly convenient location just steps from Lynn Valley Centre, shopping, restaurants, public transit and everyday amenities, with schools, parks and trails close by. A fantastic combination of location, flexibility and income potential in one of North Vancouver's most desirable communities.

How this price compares

This lot asks $236 per square foot of lot. That is 8% below the median of $256 across the 188 active lots VanPlex is showing in North Vancouver, and puts it 71 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
$1,798,000
Lot size
7,620 sqft
Lot dimensions
60 x 127
Frontage
60 ft
Bedrooms
5
Bathrooms
5
Year built
1963
MLS® area
Lynn Valley
MLS® number
R3172953

Want the PlexScore and return on equity for this lot? Try PlexPro free for 14 days. Cancel before day 14 and you pay nothing.

Listing data via MLS®. Displayed for information only.