5849 Laurel Street, Vancouver
Development/Investment Opportunity! Beautiful 7,691 sq. ft lot located in Vancouver's Oakridge area half a block from West 42nd and Oak Street. Quiet street within a 5 min walk to Oakridge Town Centre, the Canada Line, and the future Jewish Community Centre redevelopment. The property is designated within the Cambie Corridor Plan Phase 3 and is eligible for either 3-story townhomes or 4-story condominiums (density between 1.2 and 2.0 FSR depending if assembled with a neighbouring property). Build up to 8 units totalling over 9,200 sq. ft as a single lot townhouse development or even more units totalling up to 15,382 sq ft if assembled. Property is currently tenanted with positive cash flow.
Taxes (2021): $11,100.60