About This Property

Rare income-producing RT-2-zoned corner property offering immediate rental income and redevelopment potential. Thoughtfully renovated and converted in 2023 into three separate suites, each with its own laundry. The property currently generates approximately $7,000/monthly rental income, making it an excellent mortgage helper. Situated within the TOA Tier 2 area, this corner lot offers lane and side access, providing excellent flexibility. Perfect for investors, multi-generational families, or buyers looking to live in one suite while collecting rental income from the other two. This is a rare combination of future land value upside, strong rental income, and an excellent location close to transit, parks, restaurants, and supermarkets.

Property Details

MLS® #

R3148454

Status

Active

Type

Residential

Sub-type

Single Family Residence

Ownership

Freehold NonStrata

Bedrooms

Full Baths

Half Baths

Living Area

2,224 sqft

Main Floor

1,112 sqft

Basement

Yes

Lot Size

3,696 sqft

Lot Dimensions

33 x 112

Frontage

Year Built

1981

Age

45 years

Structure

Residential Detached

Parking Stalls

Parking Type

Additional Parking, Lane Access, Side Access

Taxes

$8,390.47/yr

MLS® Area

Renfrew Heights

City

Vancouver

Postal Code

V5M 2H1

Draft CPS Offer

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Redevelopment Potential

Transit-Oriented Area — Tier 2

~330 m from Rupert SkyTrain station

Provincial law requires the city to allow at least 4.0 FAR and 12 storeys for residential here — well above typical single-family zoning. Potential land-assembly interest from developers.

Multiplex potential: on a ~343 m² lot, BC’s small-scale housing law requires the municipality to allow at least 4 units (up to 6 near frequent transit), where it applies.

~330 m straight-line to Rupert SkyTrain

Screening estimate from provincial regulations (TOA station points, B.C. Reg. 263/2023 & 265/2023; small-scale multi-unit housing rules). Distances are straight-line; actual TOA maps are set by municipal bylaw and some parcels (heritage, ALR, exempt areas) are excluded. Confirm with the municipality before relying on it.

Land & Flood Check

Not in the Agricultural Land Reserve.

The listing’s flood plain disclosure is available to registered users. Create a free account or sign in.

ALR from the Agricultural Land Commission via DataBC (point check at the listing’s mapped location). Flood plain is the listing brokerage’s disclosure. Confirm both with the municipality and your lawyer.