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8685 Osler Street Vancouver, British Columbia V6P 4E6

11550 sqft

$5,720,000

8685 Osler is the perfect site for a" Secured Rental Program" upgrade: 10,000 Sq/Ft of land and a 3 story building with a 3850 Sq/Ft footprint. RR2B zoning allows 5 stories, and an FSR of 2.4. That's 24,000 Sq/Ft over 5 stories. Maybe 30 units of 700 Sq/Ft each? And the nice thing about Marpole is it only improves the views with height This is a neighborhood that is ripe for a facelift. Over 150 three story walk-ups between Granville and SW Marine. All built in the late 60's or early 70's suffering from the same problem: Old AGE. The new Community Plan started to address the problem but only on the main arteries of W70th and Granville. Initial consultation with the City suggests the "Secured Rental Program"was built for this. Intracorp gets it with their Application at 2325-2377 W49th. The beauty of the RR2B Zoning is it addresses most of the problems with Displacement and Rent Controls. The 20% of floor area for "Below market"keeps the returning Tenants happy. Maybe the City Planners got this one right (id:12562)

Property Details

MLS® Number C8045153
Property Type Multi-family

Building

Amenities Balconies
Constructed Date 1969
Size Interior 11550 Sqft

Land

Acreage No
Size Irregular 10008
Size Total 10008 Sqft
Size Total Text 10008 Sqft
Zoning Description Rm-3a

Utilities

Water At Lot Line

https://www.realtor.ca/real-estate/24602608/8685-osler-street-vancouver

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Robert Rivington
Personal Real Estate Corporation

(778) 994-1747

Royalty Group Realty Inc.
#117 - 3721 Delbrook Avenue
North Vancouver, British Columbia V7N 3Z4

(604) 688-6315
(604) 688-6316
www.royalty.ca

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