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East Vancouver land assembly sold for $10M

An assembly of three lots with multi-family redevelopment potential sold for more than double their assessed value
main street
A rendering of a potential multi-family development at Main and 35th Ave. | Submitted
 
A land assembly of three single-family lots has sold for over $10 million, realtor Kris Pope of Dexter Associates Realty tells Western Investor. 
 
The assembly includes three Vancouver Special-style homes built in 1979, each with five bedrooms and three baths. The 10,887 square feet of land was acquired for its multi-family development potential.
 
The properties are located at 196 E 35th, 5107 Main St. and 5119 Main St., Vancouver. 
 

Breakdown: 

 
Price: $10,045,000
Lot Size: 10,887 SF
Property Type: Land 
Zoning: RT-7
2016 B.C. Assessment Value: $4,139,000
City: Vancouver
Province: B.C. 
Name of Brokerage: Dexter Associates Realty 
 

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