Seize this outstanding investment opportunity nestled in a prime location! Designated as R4A & zoned RG-3 with an FSR of up to 1.0, this property opens the door to the construction of 4 townhomes, each featuring a lock-off suite – an ideal prospect for developers. The current side-by-side 2-level duplex boasts great long term tenants, 3 bedrooms, 2.5 baths per side & generates an annual gross income of $49,800. Beautiful southern exposure and views of the city & water; lane access, a detached 2-car garage, garden & deck space, and a great walk score. Located just a stone's throw away from Lonsdale Quay and public transit, this property is perfectly situated for both convenience and accessibility. Built just 23 years ago, this property is in good condition. Hold, renovate or build.
| Address | 423-425 E 2ND STREET |
| List Price | $2,890,000 |
| Property Type | Multifamily |
| Type of Dwelling | Duplex |
| Style of Home | 2 Storey |
| Area | North Vancouver |
| Sub-Area | Lower Lonsdale |
| Bedrooms | 6 |
| Bathrooms | 6 |
| Floor Area | 3,044 Sq. Ft. |
| Lot Size | 6000 Sq. Ft. |
| Year Built | 2000 |
| MLS® Number | R2826470 |
| Listing Brokerage | Royal LePage Sussex |
| Basement Area | None |
| Postal Code | V7L 1C9 |
| Zoning | RG-3 |
| Tax Amount | $8,740 |
| Tax Year | 2023 |
| Site Influences | Central Location, Lane Access, Shopping Nearby |
| Features | ClthWsh/Dryr/Frdg/Stve/DW |
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