423-425 E 2nd Street

Seize this outstanding investment opportunity nestled in a prime location! Designated as R4A & zoned RG-3 with an FSR of up to 1.0, this property opens the door to the construction of 4 townhomes, each featuring a lock-off suite – an ideal prospect for developers. The current side-by-side 2-level duplex boasts great long term tenants, 3 bedrooms, 2.5 baths per side & generates an annual gross income of $49,800. Beautiful southern exposure and views of the city & water; lane access, a detached 2-car garage, garden & deck space, and a great walk score. Located just a stone's throw away from Lonsdale Quay and public transit, this property is perfectly situated for both convenience and accessibility. Built just 23 years ago, this property is in good condition. Hold, renovate or build.

MLS® #	R2826470
Subarea	Lower Lonsdale
Beds	6
Baths	4 + 2 ½ Baths
Size	3,044 sqft
Lot Size	6,000 SqFt.
Lot Dimensions	50.00 × 120
Built	2000
Taxes	$8,739.89 in 2023

Royal LePage Sussex

Les Twarog
BC Condos & Homes
Re/Max Crest Realty
les@bccondos.net
Phone: 604-243-2696

Listing data is based in whole or in part on data generated by the Real Estate Board of Greater Vancouver and Fraser Valley Real Estate Board which assumes no responsibility for its accuracy.