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Main Street two-lot land assembly sells for $11.9 million

13,410 square foot corner redevelopment site at Main Street at 24th Avenue, Vancouver, is zoned for residential rentals
Gammon International, Vancouver, for Western Investor

Type of property: Land assembly

Location: 3970 and 3998 Main Street, Vancouver

Land size: 13,410 square feet

Land size in acres: 0.31 acres

Zoning: C-2

Potential: Residential rental at 2.5 FSR (floor space ratio).

List price: $12.8 million

Sale price: $11.9 million

Date of sale: March 31, 2022

Brokerage: Gammon International, Vancouver

Brokers: Stanley Chiu and Howard Mak