A six-lot land assembly in North Vancouver has sold for over $11 million, Avison Young Real Estate tells Western Investor.
The six lots are located in the Moodyville neighbourhood and have potential for medium density redevelopment. The lots have a combined size of 34,100 square feet and have a potential buildable area of 59,675 square feet, with a floor space ratio of 1.6. The land assembly features single-family lots that average $2 million in assessed value.
The properties are located at 645–659 E 3rd Ave. and 245 Moody Ave., North Vancouver.
Breakdown:
Price: $11,260,000
No. of properties: 6
Lot Size: 34,100 SF
Property Type: Land
Zoning: RM-5
City: North Vancouver
Province: B.C.
Name of Brokerage: Avison Young Commercial Real Estate Inc.
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