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Main Street 0.42 acres with holding property sells for $11.5 million

Vancouver mixed-use development site has four houses, a multi-family property and four commercial rentals, but has potential for a six-storey apartment rental with a floor-space-ratio of 3.3.
4906, 4924, 4936, 4940 & 4958 Main Street, Vancouver

Property type: Development land

Location: 4906, 4924, 4936, 4940 & 4958 Main Street, Vancouver

Size of property: 52,576 square feet

Number of units: 65 (residential); 4 commercial

Land size: 18,847 square feet

Land size in acres: 0.42 acres

Zoning: RT-2 (Two-family residential)

Potential: Floor-space-ratio (FSR) 3.3

Sale price: $11.5 million

Brokerage: Goodman Commercial Inc., Vancouver

Brokers: Mark Goodman and Cynthia Jagger