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Ishaq Ismail

ishaq@remaxblueprint.com +1(604) 760-2638

Listed by RE/MAX Crest Realty

$3,380,000

Est. payment - /mo

8 Beds

6 Baths

5,080 SqFt

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Key Details

Property Type Multi-Family

Sub Type Duplex

Listing Status Active

Purchase Type For Sale

Square Footage 5,080 sqft

Price per Sqft $665

MLS Listing ID R3000723

Style 3 Storey

Bedrooms 8

Full Baths 4

HOA Y/N No

Year Built 1969

Lot Size 6,969 Sqft

Property Sub-Type Duplex

Property Description

246 W 4th St, North Vancouver: Exceptional investment opportunity on a 7,013 sq ft flat lot (50x140 ft) in a prime location. This fourplex generates $75,360/year in rental income and is designated for medium-density development under RT1 zoning and R4A OCP with 1.0 FSR. A letter from the City of North Vancouver confirms rezoning potential for small-scale housing allowing up to 6 units. Buy, hold, and develop. Suite breakdown: #1 – Upper Right, 3 bed, 2 level, 1,700 sf; #2 – Upper Left, 3 bed, 2 level, 1,700 sf, $2,200/mo (2016); #3 – Main Right, 1 bed, 689 sf, $980/mo (2017); #4 – Main Left, 1 bed, 689 sf, $1,900/mo (2024). Some suites have shared laundry. No dishwasher in #1. Developers and investors—don't miss this.

Location

Province BC

Community Lower Lonsdale

Area North Vancouver

Zoning RT-1

Direction North

Rooms

Kitchen 4

Interior

Heating Baseboard, Hot Water, Natural Gas

Flooring Hardwood, Laminate, Tile, Carpet

Appliance Washer/Dryer, Dishwasher, Refrigerator, Stove

Laundry Common Area

Exterior

Fence Fenced

Community Features Shopping Nearby

Utilities Available Electricity Connected, Natural Gas Connected, Water Connected

View Y/N No

Roof Type Torch-On

Porch Patio

Total Parking Spaces 4

Garage No

Building

Lot Description Lane Access, Recreation Nearby

Story 3

Foundation Concrete Perimeter

Sewer Public Sewer, Sanitary Sewer, Storm Sewer

Water Public

Others

Ownership Freehold NonStrata

Security Features No Fire Sprinkler System,Smoke Detector(s)

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REBGV/FVREB/Chilliwack/BC Northern (Residential IDX)

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Ishaq Ismail

Agent

+1(604) 760-2638

246 W 4th ST North Vancouver, BC V7M 1H7

Ishaq Ismail

Key Details

Location

Rooms

Interior

Exterior

Building

Others

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246 W 4th ST

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