Quarter-acre East Vancouver land parcel assembled for $6.6M

Parcel in Little Mountain area has potential for more than 35,000 square feet of multi-family development

By
for Western Investor
March 20, 2020





DD East Vancouver little mountain land parcel assembly

A 0.25-acre land assembly in the Little Mountain area of East Vancouver, zoned for increased density, has been bought for $6.6 million, reports Gammon International Real Estate Corp. The parcel has potential for more than 35,000 square feet (gross) of multi-family development.

Breakdown:

Property type: Land assembly [multi-family]

Location: 4697 - 4987 Main Street, Vancouver

Number of units: 16

Land size: 0.25 acres, 11,094 square feet

Zoning: RM-3A (up to six-storey; 35,058 square feet, gross)

Additional: Assembly included adjacent lot already held by buyer at 5107 Main Street

Date of sale: February 28, 2020

Sale price: $6.67 million

Brokerage name: Gammon International Real Estate Corp., Vancouver

Brokers: Stanley Chiu and Howard Mak


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